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Anyone in Northern NJ utilizing the MTR strategy?
I would love to connect with people in Northern New Jersey that are utilizing the Medium Term Rental strategy locally; specifically furnished rooms that are being rented.
Quote from @Jake Handler:
I would love to connect with people in Northern New Jersey that are utilizing the Medium Term Rental strategy locally; specifically furnished rooms that are being rented.
Hey Jake, I know of someone who's doing it and I plan to on two of my units once they turn over, one being in September. We are focused more on the unit and not by the room though. You are in Morris County?
Quote from @Jake Handler:Resurfacing this post. I’m curious, did you end up implementing this strategy since?
I would love to connect with people in Northern New Jersey that are utilizing the Medium Term Rental strategy locally; specifically furnished rooms that are being rented.
I currently house hack a duplex in Bergen County and am wondering if any North Jersey folks here have successfully implemented MTRs and what worked/didn’t.
With the new/larger Valley Hospital in Paramus and several travel nurse postings around there, it seems like that may attract some potential renters to the area (at least from a healthcare perspective).
#3 Medium-Term Rentals Contributor
- Property Manager
- Los Angeles, CA
- 347
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#3 Medium-Term Rentals Contributor
- Property Manager
- Los Angeles, CA
These guys are the go to guys in north NJ. I know the 3 founders and they are top notch guys.
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Property Manager
- Hospy Homes
- http://www.hospyhomes.com
Quote from @Allen Duan:Impressive! Thank you for sharing!
These guys are the go to guys in north NJ. I know the 3 founders and they are top notch guys.
A quick browse through their website and reviewing their offerings clearly show they have the right systems in place and know what they’re doing. One day I plan on operating in a similar fashion in providing a seamless experience with quality products. Win win for everyone.
Are these guys BiggerPockets members? I would love to get in touch with them. Will reach out via their contact form or IG otherwise.
#3 Medium-Term Rentals Contributor
- Property Manager
- Los Angeles, CA
- 347
- Votes |
- 455
- Posts
#3 Medium-Term Rentals Contributor
- Property Manager
- Los Angeles, CA
Quote from @Jonathan Vinas:I believe so. Try searching James Hwang
Quote from @Allen Duan:Impressive! Thank you for sharing!
These guys are the go to guys in north NJ. I know the 3 founders and they are top notch guys.
A quick browse through their website and reviewing their offerings clearly show they have the right systems in place and know what they’re doing. One day I plan on operating in a similar fashion in providing a seamless experience with quality products. Win win for everyone.
Are these guys BiggerPockets members? I would love to get in touch with them. Will reach out via their contact form or IG otherwise.
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Property Manager
- Hospy Homes
- http://www.hospyhomes.com
#1 Starting Out Contributor
- Specialist
- Mendham, NJ
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#1 Starting Out Contributor
- Specialist
- Mendham, NJ
@James Hwang and his team at Stellar Housing are the guys. Jake, listen to his episode of my podcast and then connect with him. He comes to our meetups as well. He is crushing MTR.
Hey @Jonathan Vinas, I'm one of the co-founders of Stellar Housing Solutions. Thank you for your kind words! We have 15 active MTRs in NJ and should be at 17 by September. All but one are in Northern NJ. Happy to chat more, although I'm more responsive and active on Instagram @james_hwang
The real estate investing world is small and the MTR operator world is even smaller. It's so nice to see all of my friends here in this thread!
As I'm sure there will be folks in NJ and in the MTR space in general reading this thread, I think it's a good time to showcase the amazing people here.
OP @Jake Handler is a Northern NJ realtor and investor, has a fun monthly email newsletter called Propportunities (properties with opportunities) along with a cool Instagram page where he shares what he does daily.
@Jonathan Greene as I'm sure everyone can tell by his BP stats is an expert in all things real estate investing from decades of experience. He has a great podcast (and newsletter) where all the BiggerPockets heavy hitters have been guests. Also runs a monthly meetup often closer to you, Jake!
@Mark F. is a local investor who I've had hours and hours of conversations and texts with, just talking shop. We all need friends with a lot of stoke in our investing journey and Mark is that type of person you need in your life!
@Allen Duan is a well-known MTR expert and property manager among those of us who are MTR operators. Everyone knows Allen and how technical he is. Approaching 30 MTRs in LA and some in Vegas, I've learned a lot from Allen, who also recently launched a free Skool Community where he has weekly Q&A sessions and provides long-format content on how he operates his MTR business.
If anyone reading is in NJ or has an interest in MTRs, the above folks are the go-to people! Happy connecting!
#1 Medium-Term Rentals Contributor
- Lender
Hi @James Hwang! Thanks for the info. Always looking to connect with more MTR/STR folks so appreciate the info. I'm based in NYC so not too far away!