Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Amy Greenwood

Amy Greenwood has started 12 posts and replied 43 times.

Post: My First Year as a Real Estate Agent...Thanks to Bigger Pockets!

Amy GreenwoodPosted
  • Real Estate Agent
  • Willoughby, OH
  • Posts 44
  • Votes 42
Quote from @Dion Huey:
Quote from @Amy Greenwood:

Celebrating my first year as a real estate agent. I began investing 3 years ago, and we decided it would be best for me to get my license. Right away, I signed up as an investor-friendly agent with BP, and my first sale came through that lead! 

In my first year, I closed a total of 14 transactions. In a market where the average sold price was $234,000, my sales ranged from $40,000 to $390,000 for a total of 2.7 million in sales volume. I represented the buyer side on nine of those transactions, and the seller side on five.

I still get leads through Bigger Pockets, and work with those investors to help them find properties that will work for them. 

Celebrate the wins! 


 Congrats!  My business partner was telling me on a call yesterday that he got started on the RE agency side with leads from BP.  To-date, he is still working with those investors and closing deals.  Wishing you continued success!


 Thank you! It's a little slow right now with investors because it's hard to find deals that actually make sense, but we just have to keep at it...even if it's 1 out of 100 that we look at. 

Post: My First Year as a Real Estate Agent...Thanks to Bigger Pockets!

Amy GreenwoodPosted
  • Real Estate Agent
  • Willoughby, OH
  • Posts 44
  • Votes 42
Quote from @Holly Barrett:

Amy, what an awesome year 1! When you say you signed up w/BP - did you pay for their realtor leads program? Or did you go Premium & just stay active on forums? I used to be Premium until they changed their algorithm for realtor searches on here...Curious what method you are using.


 Holly, Sorry for the delay in responding. I paid for the leads program. 

Post: My First Year as a Real Estate Agent...Thanks to Bigger Pockets!

Amy GreenwoodPosted
  • Real Estate Agent
  • Willoughby, OH
  • Posts 44
  • Votes 42
Quote from @Noah Bacon:

What a great first year, with many more successful ones to come! Congrats Amy!


 Thank you Noah! 

Post: My First Year as a Real Estate Agent...Thanks to Bigger Pockets!

Amy GreenwoodPosted
  • Real Estate Agent
  • Willoughby, OH
  • Posts 44
  • Votes 42
Quote from @Ross Elder:

Great work, Amy!


 Thank you, Ross! 

Post: My First Year as a Real Estate Agent...Thanks to Bigger Pockets!

Amy GreenwoodPosted
  • Real Estate Agent
  • Willoughby, OH
  • Posts 44
  • Votes 42
Quote from @Brandon P.:
Thank you for this encouraging story, that is an overall GREAT first year! 

 Thank you Brandon! 

Post: My First Year as a Real Estate Agent...Thanks to Bigger Pockets!

Amy GreenwoodPosted
  • Real Estate Agent
  • Willoughby, OH
  • Posts 44
  • Votes 42

Celebrating my first year as a real estate agent. I began investing 3 years ago, and we decided it would be best for me to get my license. Right away, I signed up as an investor-friendly agent with BP, and my first sale came through that lead! 

In my first year, I closed a total of 14 transactions. In a market where the average sold price was $234,000, my sales ranged from $40,000 to $390,000 for a total of 2.7 million in sales volume. I represented the buyer side on nine of those transactions, and the seller side on five.

I still get leads through Bigger Pockets, and work with those investors to help them find properties that will work for them. 

Celebrate the wins! 

Post: first year of STR - best strategy for next year?

Amy GreenwoodPosted
  • Real Estate Agent
  • Willoughby, OH
  • Posts 44
  • Votes 42
Quote from @Alex Scattareggia:
Quote from @Amy Greenwood:

So, we created a separate listing for a one-bedroom rental, locking the extra 2 bedrooms (sharing calendars, but no one shares the actual house.) That decision really saved us and kept us relatively busy all year. 

 @Amy Greenwood first off congratulations on your success. I have a similar property where we created multiple listings for the same property. We made 1/ 2 and 3 bedroom listings for the same property and would lock off parts accordingly.  It´s really a nice way to maximize the space.   Do you completely snooze the 1 bedroom listing in the summer to keep it from taking away nights from the 3? 

I have not snoozed the 1 bedroom, but went into Price Labs and made the price double if they want to book more than 5 days out. Trying this so that the 1 bedroom can still fill orphan gaps. Probably will have to keep tweaking it though. 

Post: first year of STR - best strategy for next year?

Amy GreenwoodPosted
  • Real Estate Agent
  • Willoughby, OH
  • Posts 44
  • Votes 42
Quote from @Alex Scattareggia:
Quote from @Amy Greenwood:

So, we created a separate listing for a one-bedroom rental, locking the extra 2 bedrooms (sharing calendars, but no one shares the actual house.) That decision really saved us and kept us relatively busy all year. 

 @Amy Greenwood first off congratulations on your success. I have a similar property where we created multiple listings for the same property. We made 1/ 2 and 3 bedroom listings for the same property and would lock off parts accordingly.  It´s really a nice way to maximize the space.   Do you completely snooze the 1 bedroom listing in the summer to keep it from taking away nights from the 3?

If you decide to keep going with the STR, one little trick we have used that paid dividends was to reach out to everyone who booked the smaller listings and left a good review. We reached out, thanked them for their business and let them know that if they would like to come back and invite friends and family we have a 3 bedroom at the same location and because you are repeat guests we would like to offer you a return client discount etc. etc.

It sounds like you´ve got a good thing going with the short-term model and have created quite a bit of flexibility with the multiple listings. Perhaps you can find a few areas to boost revenue before completely reinventing the model.  Cheers and good luck!

I need to send out some emails quarterly and do that. That’s a good idea. Thank you. I recently did get Stay fi for that reason but have not done anything with the emails I’ve collected yet! 

Post: first year of STR - best strategy for next year?

Amy GreenwoodPosted
  • Real Estate Agent
  • Willoughby, OH
  • Posts 44
  • Votes 42
Quote from @Michael Baum:

Hey @Amy Greenwood. Have you checked with FurnishedFinder.com and see what else is available in your area and how they are doing? Check and see what the demand is like for the larger space.


 Yes, I have checked with them. The demand is mostly for nurses traveling alone.  and the price point is not enough to be worth it for this particular rental.

Quote from @Dan Sneller:
Quote from @Max Guerrero:
Quote from @Amy Greenwood:

I have booked the first 30 days through Airbnb, and then if everyone is happy, switch them over to direct booking (if you offer that). Then, they save money and you gain some control. 

Yes! This is how I extend if they've been great throughout their stay. They love saving on fees and taxes and love you for it too.

 This whole thread makes me wonder if a guest can have back to back stays (but separate bookings) when staying over 30 days, in order to avoid tenant rights, lease agreements, etc, or do they need to be out of the property for a certain amount of time? That seems like an easy loophole that might not be allowed. Any thoughts on that?

Yes but I doubt it’s possible through Airbnb.