All Forum Posts by: Bryant Xavier

Hey, Marc. 

What market are you in? I have some short term rentals located in College Station, Bryan Tx home of Texas A&M. Our market heavily relies on the universities event calendar, so wanted to weigh in here on some recommendations. 

I'd make sure you're very familiar with the university's schedule & event calendar. You could try to chat with some people on campus and maybe even set some flyers up in or around the stadium. 

If you're open to mid term renting (we transition to this during our slower season), I'd also recommend speaking with the university and trying to see if you could try to be the source for their mid term housing. A lot of universities have students that need mid term housing due to graduation dates, mini semester programs, etc. and I've found if you approach them and offer them a solution to this problem, they are willing to work with you and help send business your way. 

I think for the 2 other attractions nearby, a lot of people I'm assuming aren't needing lodging for the museum and or park. My recommendation would be to look into hospitals nearby and try to market to them to be an option for traveling nurses also. 

Hope this helps! 

@John Mason great. Thanks for the advice! 

Hi, guys!

I am interested in networking with some fix and flip investors investing in the Texas market. I have joined some local groups on Facebook, but was wondering...  what is the BEST way to get in touch with investors that fix and flip properties in my area?

Jill,

Check the app/website turnoverbnb. The website works to connect STR owner/operators with reputable cleaners in the area you're located. You can put out a bid and request to see who's available in the zip code you input.

Hope this helps! 

Vanessa,

I second others comment on the advice of putting yourself in the owner's shoes and figuring out your selling points from that point of view. 

On another note.. I know a rental arbitrage opportunity in the Bryan / College Station, Texas market if you want me to send you some more details. 

Hey, Seth! 

Fellow investor and realtor in the B/CS area. Have a client that does sober living homes here in B/CS. Would be happy to intro you two. Sending you a connect request 

Welcome, Lenny! Love your story. Congrats on the potential drafting - that's huge. I was a college athlete whenever I learned about BiggerPockets and really started my investing career. Would love to connect & share some resources on how to find a local mentor and id love to serve as a mentor for you in any way I can.

 wishing you the best!

@Jay Hurst great idea here. Some properties are about 5/10 min walk to Reed so this would be perfect. Thanks! 

Carl,

Sorry to hear about this.. especially while you're away I'm sure is not a good feeling. 

First step is always to cut the water source and fix the leak asap. Sounds like you stopped water which is most important. I'd call insurance before having any sort of plumber to come do any repairs. Until then, water remains off. IF plumber comes out to fix repairs before insurance takes their look, make sure to obviously keep all receipts and or money spent on the repairs. 

I am no professional here, just explaining from my experience.. first, insurance starts claim and they send adjuster out to assess, check damages, and collect documentation. After assessor comes out and consults with insurance company, they'll send demo guys out to come do demo work and remove wet drywall, insulation, etc. they'll usually put down dehumidifiers and let the place air out a bit to see what actually needs replacing and what was able to dry out. They'll moisture meter everything affected to see if it needs to be removed or can stay. I'd assume all vanities, lower cabinets, 3to 5ft of drywall and base will all need replacing. 

After they asses what all needs replacing or what they feel needs replacing they'll submit to you what they're willing to cover and deductibles and payments etc.

I'd suggest making sure to get a good GC/construction company for repairs. Having a GC that will provide good documentation, itemized receipts, etc. will make the process much easier I've noticed. 

Hope this helps and hope things resolve soon!

Hey guys. I'm a STR owner / manager located in Texas (Bryan /College Station, TX specifically.)

Question: I am wondering what are some things you've done in the past at your short term rentals to fill the vacancies during your slow season? 

Middle of December - March is always our slower season for our short term rentals. Since we're In a college town, a majority of our travel demand revolves around the Texas A&M University and the university's events. With winter break the town turns into a ghost town and not a lot going on here until March, or so. 

Thanks in advance for the recommendations / suggestions!