All Forum Posts by: Dan Schriver

Investment Info:

Single-family residence other investment in Oviedo.

A client of mine has a second home that they use for when family comes into town. They didn't want the home to just sit empty, but also didn't want long term tenants so they reached out to me to manage the home.

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

It was a perfect solution for my client. They get to block of dates for when family comes into town, but still receive cash flow for letting me manage the property for them on short term rental markets.

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

I am part of a co-hosting group for Airbnb and the home owner found my profile on there.

How did you finance this deal?

Didn't have to. I just got it ready for short term stays for guests.

How did you add value to the deal?

The property now will no longer sit empty for the homeowner and she gets cash flow coming in.

What was the outcome?

TBD. I have had it listed for just a few days and already have multiple reservations.

Lessons learned? Challenges?

Working with a great team to help get the property ready and furnished makes all of this possible.

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

No

Investment Info:

Single-family residence other investment in The Villages.

I have been managing this property on the short term rental market, helping create passive income for the homeowner.

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

I love helping clients make money on homes they already own, that normally would sit empty. So I help manage the prperty for them on the short term rental market.

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

Another client of mine recommended me to the owner.

How did you finance this deal?

Didn't need to. The home was already purchased by the homeowner. I just needed to get it ready for the short term rental market.

How did you add value to the deal?

I take care of all the logistics and the homeowner gets a monthly check from my company.

What was the outcome?

Still TBD. Just listed the home, but on average from my other properties I make about $600/month for my company and homeowners make between $2k - $4,500/month depending on the season.

Lessons learned? Challenges?

Making sure the home was set and ready for the short term rental market.

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

N/A