All Forum Posts by: Carlo D.

 Eric,

I did quick google search and it gave me the answer. My follow up question would be what time frames qualify as MTR vs LTR? Thank you in advance!

Hi Eric, Thanks for chiming in. I'm not familiar with the acronyms STR, MTR, LTR? Could you let me know what they spell out? Sorry absolute newbie here.

I'm about to close on my first rental property in NYC. I plan to do some cosmetic upgrades after then rent it out.  Is it better to rent it out furnished or unfurnished?

 Thank you Dmitriy.

 Thank you James.

Investment Info:

Condo buy & hold investment.

Purchase price: $315,000
Cash invested: $315,000

Studio apartment in Manhattan

What made you interested in investing in this type of deal?

Initially looking for an apartment for my daughter who is in college in the city. Found this property that she didn't like but I actually saw the opportunity in it.

How did you find this deal and how did you negotiate it?

Found it on Redfin. negotiated through my realtor

How did you finance this deal?

Cash Purchase

How did you add value to the deal?

Closing on this in late December. But I plan to add value by applying a new coat of paint, updating the doors and fixtures.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Realtor, inspector, lawyers

Hi Everyone. New real estate investor here. 

A bit about my background. I am an insurance broker and a hedge fund manager and I am about to close on my first rental condo in NYC.  Since I have two full time businesses, I don't have a ton of extra time left in the day. So my question was what is the best way to find my first renter? Or the best service provider that helps me find a renter? redfin? zillow? my realtor?  

Also, considering joining pro. But I was wondering if there is a difference between Stessa and Rentredi. Are they the same type of platform, or do they work hand in hand? I am seeing some redundancies.  

Thank you in advance!