All Forum Posts by: Connor Cushman

No-brainer to use dynamic pricing. The revenue increase and time saved is worth the price by many multiples. I personally use Price labs

This will depend on  the lender you work with and how you file your taxes and claim income vs expenses. Doesn't always pay to not claim income on your taxes :)

I'd spend a few weeks digging through all of the free facebook groups before impulse buying a mastermind. Lots of great info in those groups to point you in the right direction before you commit big bucks to a mastermind or mentorship. The right ones are worth it though

This is definitely doable. You can hire a management company, but you can also self-manage or hire a co-host which are two options that allow you to generate a higher return so those are two options to consider for the right investor.

For example, I sell property in the Florida panhandle and give clients a full vendor list once they go under contract so that they have all of the contractors, cleaners etc they need to successfully self-manage. Totally doable. Make sure you start your process with a realtor that can provide local resources for you.

Sorry to hear about your situation. I've seen how tagging people on LinkedIn can be an effective strategy so you may find success with that. In particular if you have any connections that work there. 

Long-term I'd also look into building out your direct booking strategy so that you have a way to pivot to off-platform bookings as needed.

Good luck!

I agree. Airbnb buying will be mainstream soon. The margins will get squeezed in the next few years as more money pours into the space, but it's still a great time to acquire amazing properties across the country with incredible cashflow. 

First-time investors need to be careful with revenue and expense forecasts right now though. I worry about newbies over-leveraging themselves in this market with pie in the sky revenue projections.

I'd recommend getting started as soon as you're in a position to do so. For most people, buying a BRRR or house hack with minimal money down is a very low risk way to get started. If you have some money and some knowledge it's time to jump in. It's more important now than it was a year ago to make sure you buy a good deal with conservative numbers, but that shouldn't stop you from finding that great deal and going for it!

Talk to 20 lenders today and find a way! Happy to provide a great lender recommendation if you need.

If you're really not financeable, find someone in your world that you can create a win-win scenario with to allow you to get the home. Lots of ways to make it a win-win, but make sure it's someone you trust and you set up a proper agreement. 

I'm an investor and agent and both businesses have grown significantly over the last 2 years. The first step for scaling both has been to get really really good at what I'm doing. So good that I can either teach someone how to do the job really well and provide systems for them to onboard OR be so good that I know how to recognize and attract a talented person to support me in roles that will allow me to scale.

Get so good at whatever you're doing that the only option is to grow and scale.

 Go to their zillow profile and see how many transactions they've done. You want someone that has experience. If they're not doing that much business, they don't know what's working in the current market and what you need to do to find clients and win deals.