One of Three Properties I manage in The Villages, Fl

[Dan Schriver]

Investment Info:

Single-family residence other investment in The Villages.

I have been managing this property on the short term rental market, helping create passive income for the homeowner.

What made you interested in investing in this type of deal?

I love helping clients make money on homes they already own, that normally would sit empty. So I help manage the prperty for them on the short term rental market.

How did you find this deal and how did you negotiate it?

Another client of mine recommended me to the owner.

How did you finance this deal?

Didn't need to. The home was already purchased by the homeowner. I just needed to get it ready for the short term rental market.

How did you add value to the deal?

I take care of all the logistics and the homeowner gets a monthly check from my company.

What was the outcome?

Still TBD. Just listed the home, but on average from my other properties I make about $600/month for my company and homeowners make between $2k - $4,500/month depending on the season.

Lessons learned? Challenges?

Making sure the home was set and ready for the short term rental market.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

N/A