All Forum Posts by: Chris K.

Does anyone have any recommendations for a solid attorney (and reasonably priced) attorney who can draw up a partnership and / or operating agreement between 3 parties? Would be 3 people forming a new LLC to buy & operate STR's. To the extent geography matters, this is in Orange County, NY...

Thanks in advance

 Agree with you, Orange County is mid-Hudson Valley, not Central NY. Mentioned it as a potential option for some of the earlier commenters who are NYC-based and looking to "stay close" (1.5-2 hrs better than 4-5 hours).

I'm in the process of acquiring a property to operate as STR in Orange County. I'm local up here, but used to commute to the city. 90 min train ride to Beacon, and 15 more to get over the bridge. Plenty of margin if you can self-manage. If not, need to make sure your PM is on top of pricing strategy and has a VERY strong handle on demand / seasonality / etc. Check out AIRDNA if you haven't already. Great for doing market research / comping potential properties and calibrating potential top line performance of specific properties.

I'm also an agent up here. Happy to help for those who might consider Orange County at some point.