All Forum Posts by: Aaron Kawamoto

Hi Betty, thank you for the response.  I am aware of the SA One Stop website (https://gis.sanantonio.gov/DSD...), and 12.5% block face limit.  I don’t see that as an issue, at least the regulations in San Antonio are clear and defined.  As far as market competition goes, the “invisible hand” will sort that all out.  Main thing is I give it my best shot.

Happy New Year San Antonio Short Term Rental Investors!  

Does anyone manage their STR from Out of State?

Did you set up yourself, did you use an interior designer to set up, or did you use a co-host?

I have a goal of setting up one Short Term Rental in 2022 from Out of State (Hawaii).  

My business partner and I are looking at a 2/br or smaller in the Downtown, Pearl, Riverwalk, Alamo area, or a 4br.+ in the Sea World area.  Any opinion on which area would provide bigger potential net profits?  

I know the prop. taxes are going to be higher downtown with higher price per night, but the 1604 are will sleep more (more bedrooms), but may have more wear and tear.

Martin,

You might want to contact @Manaia Alalamua

@Sheldon Tausch I live in Mililani, work a W-2, and invest out of state with rentals in Huntsville, AL with my cousin.  First suggestion is to read the book on Long-Distance Real Estate Investing by David Greene.  Lots of great info in that book.

You should define what you want to buy (single family, small multi-family, condo). Also you should define what your chosen strategy is (buy and hold, flip, BRRRR).

I am actually assembling a team now in San Antonio to hopefully buy a small multi-family property (duplex to quad) in the next 6-12 months.  The only thing there that makes me pause for a second is the property taxes in some areas of San Antonio.  The risk reward is still worth it to me though.

My suggestion is to find your property manager first.  Look for a family run operation vs. a franchise model.  That is what hurt my business partner and myself the most when starting in Huntsville.  Not always, but I find there is less ownership with the franchise model.  Employees are there mostly for the paycheck.  

Second find a boots on the ground.  This can be a newer RA/building inspector/someone with a construction background.  This person will be looking at potential target buys for you, but it would be helpful if they knew what they are looking at.  They will be your eyes and ears BEFORE you make any offers.

Third ask your PM, and "boots" for recommendations for an investor friendly local lender.  You need to see how much you will qualify for (unless you are going Hard Money or cash route).  This is to identify your target area.

Depending on if you want to deal with fixer-uppers, you may need to find an honest reliable General Contractor.   

 I would ask all contacts above for a recommendation for an investor friendly Real Estate Agent.  This will not not likely be the agents/brokers in your area with the most sales...but it may be someone newer on their team.  

Also ask around about wholesalers in the area.  You need to be cautious with wholesalers though, and do your own due diligence before you make any offer.  This is where your boots on the ground comes in.  You should also pay for a building inspection before making any wholesalers offer (at least to begin with).   

Hope this helps.

Sent you a dm.

Very inspirational.  Thank you for getting out of your comfort zone and sharing this!

Could anyone recommend a reliable Handyman in Huntsville?  PM is ok.  Thank you in advance.

@Stacey Bochenski Thank you for confirming that 1% deals do exist in the area. I'm seeing that deals off the MLS is not the way to go. Not only am I competing with other investors, but also with people who are planning on putting roots down, so they don't mind paying over asking to have a move in ready home that will most likely appreciate in the coming years.

@Caleb Bryant Thank you for that information!  I will DM you shortly.  We are always willing to network with as many like minded individuals as possible.  You can never know too many good people... 

@Lane Kawaoka thank you for the information and advice.  Looks like you’re killing it with syndication!  I don’t intend on investing all my capital into any deals I can’t “afford”, ie I will be keeping some reserves for mr murphy.  If I have to expand into other surrounding areas to find higher cashflow, I’ll do that. As long as the numbers make sense.