All Forum Posts by: Ken Breeze

Cheri Crane you know you’re setting me up, right? I’m a multifamily guy and will lean towards investing into CRE. It’s hands off, has huge leverage and scalability. This doesn’t mean you won’t need to vet the syndicator or deal. See you on the other side ;-)

Congrats! Well done.

Ask landlord for a mutually agreeable solution. They all want something different. Airbnb insures up to $1MM. Get extra insurance. Wear and tear is the same. Airbnb hosts and guests are waaaaay more responsible in their behavior than anyone else. Been doing this for six years now. Here in my home and from afar, managing many vacation apartments and my parents Tuscan villa. All just from an iPhone, LockState WiFi smart Lock and a ground team I pay via PayPal. It’s the easiest (ROI and time) money we ever made in any business - ever. If you encounter challenges, adapt.

Get smarter on section 8. Make no assumptions. Your Tenant is your client. She’s a human being, say hello and meet her. Things are often it as they seem. We have a responsibility and obligation to create he world that we want to live in.

Location. Location. Location. I know it’s boring to hear it again and from everyone, but it’s true. Your Airbnb strategy has to work even without a short term rental plan. Research the area, demographics, jobs, companies moving in, Starbucks and malls, restaurants, hospitals, schools and all other life amenities near by. Don’t invest in MSAs under 250k population. You’re looking for growth.

Allow non dangerous breeds. Charge extra and demand insurance. Love- and drug-, apologies, cigarette/vape “addicts” (fans) will pay for their “freedom”.

Keep the clause. Let the PM do their job. They will vape anyway. People are people. Five them a tad of fresno in heir full lives (no judgement, life can be hard). Just add preventative measures and insurance responsibilities to the tenant wanting this freedom/addiction. Smokers and pet lovers will pay extra for this freedom.

@Nina Atenburger I'm glad you're taking screenshots of some of my posts since BP keeps deleting some of my stuff. I'm sure I'm not the only one who's a bit annoyed about their too strict posting regulations. I won't get into the details of how much it pizzles me off. It's demotivating and at some point becomes irrelevant to try to "add value" to the community. It's just too dang complicated.

That said, how's everything going on your travels and how is Berlin coming along? I hear that when renting a place in Germany, and you live in it, you have the right to short-term sub-rent as much as you like, even if the lease spells out the contrary. From my understanding that paragraph snuck its way into all lease agreements and became a common thing so that everyone thinks it's law - it's not.

But then again as AirBnB-ers, we need to have a google alerts set to update us on policy changes wherever we have vacation real state.

As a commercial multifamily syndicator, I always account for Plan A, an AirBnB option with 2x or 3x normal rent, plus Plan B, a conservative long-term rental underwriting and business plan in case policies change and I need to phase over to long-term tenants.

Let's keep in touch.

Good call @Hunter Beck I'll jump on that bandwagon since we're working on a few deals in various Texas sub-markets as well. @Chris Quinn I sent you a message to hook up. Cheers, Ken

Hey @Hunter Beck I can't give you much detailed lending advice, but @Harjeet Bhatti already took care of that ;-)

In your bio you say you're looking for buy and hold real estate and above you mention you're looking for a home. Do you mean SFR, small MFR or commercial MF (CRE)? The whole game changes for the better (interest rates, possibilities, partnership, OPM, etc.) when you shift to commercial (5+ units).

I looked at Bryan/College Station a few times and it fell through our buying criteria having less than 250K in population. Some of my peers won't touch anything under 750K. I am also curious to find out more on the primary University character of the location. How does that play out? Not knowing the details, it seems risky to bet on a pretty much single type of demographics - students.

Thoughts?

Yep, I'm a commercial multifamily syndicator always seeking private equity investors and cosponsors to grow our portfolio together and thus am a bit bias on what real estate strategy to focus on since it has the biggest leverage and scaling possibilities of all strategies. I hope you won't hold that against me ;-) 

Let's keep in touch.