All Forum Posts by: Kyle Thomas

Hey BP,

For those of you self-managing your rentals, what tools or systems have made your life easier? I’m looking for recommendations on:

1. Rent Collection – Any favorite platforms for automated payments and tracking?
2. Financial Tracking – What do you use to track income, expenses, and overall profitability?
3. Tenant Management & Communication – Any software that helps streamline guest stays, maintenance requests, and lease agreements?
4. Marketing & Bookings – What’s working best for listing and filling midterm rental vacancies?

I’d love to hear from investors—especially those managing midterm rentals—about what’s worked (or hasn’t) for them. What’s your tech stack for staying organized and profitable?

Looking forward to your insights!

Hey BP!

I've been diving into the idea of investing in midterm rentals in Portsmouth, VA, and surrounding areas like New Port at Victory, Cavalier Manor, and Waterview. I love the flexibility they offer for traveling professionals, military families, or folks in between moves.

My main questions:

1. Have you noticed increased demand for midterm rentals in this area, particularly from military personnel at nearby bases or healthcare workers at local hospitals?
2. What strategies have worked best for marketing midterm rentals in secondary or smaller markets like Portsmouth?
3. Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

I’d love to hear your thoughts, especially if you’ve worked with midterm rentals or know the Portsmouth market well. Looking forward to the discussion!

Thanks Devin,

How fortuitous! 

If it's not too much trouble I'd love to see what you have for Raleigh, NC.

Hey BP,

I'm diving deeper into market research and looking to build a reliable process for identifying market metrics, data, and trends. Specifically, I’d love to know what resources or tools you use to:

1. Track market trends (e.g., shifts in pricing, demand-supply changes).
2. Analyze local or regional real estate data.
   
3. Identify key economic indicators impacting the housing market.
4. Stay ahead of demographic changes or migration trends.

Do you have any go-to platforms, datasets, books, or even strategies that have been especially valuable? Anything from public datasets to premium tools or software would be helpful!

Thanks in advance—I look forward to learning from this community’s expertise!

Hey BP!

I’m KT, a disposition agent with New Western Realty, and I'm currently preparing for an exciting move to Raleigh, NC, in July 2025. I am eager to hit the ground running in the Triangle area once I move to continue my real estate journey there. In the interim, my goal is to build connections with local investors and real estate professionals who are active in the area. 

While personally I'm interested in growing my portfolio of mid-term rentals around the Raleigh Triangle market; Professionally I will be connecting with dozens of investors on a daily basis and would love to provide added value by offering access to a wide range of real estate support services. Through an established network, I hope to facilitate connections between buyers and key professionals such as lenders, tax advisors, attorneys, property managers, and contractors, ensuring a smooth and successful investment process to the best of my ability.

If you're active in the Raleigh area or surrounding regions, I’d love to connect, learn from your experiences, and explore ways we might collaborate in the future.

A bit about me if you're interested -

Originally from Cleveland, OH with an established career in Casino Marketing. In 2022 following massive industry changes, on the heels of COVID, I decided to pursue opportunities that would give me the ability to travel a bit. This decision led me to Denver, CO. After about 6mo I ended up meeting the love of my life which opened my eyes to thinking further down the road than I had been previously and although I really enjoy the Casino Marketing game, I soon realized it would not be the best path to achieving my life/financial goals for my future family. After a journey of growth and knowledge I discovered the wonderful world of real estate and it's ability to transform my future for the better. I've since come to love the community and hope to become the type of investor that uses real estate to not only improve my life, but the lives of my partners, associates, and community as a whole.

Looking forward to connecting with you all!

Best,
KT

[Current Location: Denver, CO | Relocating to Raleigh, NC in 2025]

Hey Pat,

Thank you! I truly appreciate the advice. I'll definitely be making market research and exploration a priority with the time I have.

Hey BP!

I recently passed my North Carolina Broker's exam (excited!) and will be starting my post-licensing courses next month. I’m currently based in Denver, CO, but I’ll be relocating to Raleigh, NC in July 2025 to start working full-time as a disposition agent for New Western.

Since I have some time before my move, I want to get a head start on building my business and positioning myself for success in Raleigh. I’m looking for advice on how I can effectively start laying the groundwork while still being remote.

Specifically, I’d love insights on:

Building relationships and networking in the Raleigh market from a distance

Marketing myself and generating leads remotely

Any tech or tools that might help me stay connected to the local market

Any tips for handling deals or managing communication with clients remotely

I’m eager to hit the ground running when I move, and any advice from those who’ve been in similar situations would be greatly appreciated!

Thanks in advance for your help!

KT

Excited to share that I officially closed on my first wholesale deal earlier this month! Months of diligently comping properties, networking, and educating have finally yielded my first success. After all of this time, my advice to new wholesalers is - KEEP GOING! For a long time it felt like I was spinning my wheels and getting nowhere but each failure takes you closer to your goal (if you learn from it). Its really easy to reach a milestone and pass it without celebrating because we always want the next goal, but I had to take a moment and truly appreciate how far this journey has taken me. And with that I wont let this momentum go to waste, I'll be reinvesting the profits into my business and I'm so excited for all the things to come.

Hey BP! I'm under contract with a property in Denver and looking to double close due to a non-assignment stipulation. Any and all direction would be appreciated.