All Forum Posts by: Gene Hacker

I am still buying value ad properties that will work as affordable STR but can still cashflow as a LTR. These are generally off market deals. My newest project is a major rehab but it has an amazing lake view, is in a great area and is less than a mile to the regional hospital (I get a lot of interest from traveling nurses) to help fill the off season. It was a reverse mortgage that the adult son refused to move out of after his dad passed. Because it was during covid, the bank could not evict him.

Our group is a great place to meet other investors and real estate professionals for our monthly networking meetup.

Rusty's Pizza (Laurelglen location - corner of Ming and Ashe)

6675 Ming Ave, Bakersfield, CA 93309

The meeting room is a separate entrance to the left of the main entrance.

About our group: People in our group, network and do deals with each other, and make a lot of money! Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, or just want to learn from other locals, this group is for you!

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Bring a friend and pass this invitation along to anyone that could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

I run a real estate networking group in Bakersfield.  Our next meet up is this Thursday.

Just a reminder about tonight's meetup.  Anyone interested in Bakersfield or Kern county should come meet other investors.  See you there!

The short term market has changed a lot in the last year.  The number of available units has skyrocketed and demand is falling. I have done well by being competitive on the price and giving big discounts for longer term stays. I have a few friend with STRs that were booked every weekend last year that are basically empty this year.  It will be interesting to see how things go as we enter what looks like the beginning of a recession.  

The meeting room is a separate entrance to the left of the main entrance.

About our group: People in our group, network and do deals with each other, and make a lot of money! Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning you own money, partnering with others, or just want to learn from other locals, this group is for you!

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Bring a friend and pass this invitation along to anyone that could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

 Yep, third Thursday of the month.  Send me a pm if you want to sign up for email notifications.  

I have read AirBnB on Autopilot which has some great ideas but it is really aimed towards someone starting out.  I also read Airbnb Rental Investing by David Daniels but it didn't have much in terms of scaling/systemizing.  And I found a book the AirBNB Virtual Assistant's Handbook, I have full time VAs in my other businesses so I thought this would be great but it was set up for 30+ day stays but there were a few good ideas.  

As far as STR specific podcasts go, I listen to Get Paid for your pad, Sarah and T, Unlocked, Vacation Rental Success, Vacation Rental Revolution, Vacation rental machine. As some are geared towards large rental management companies, I have gotten some great ideas.

It seems like the software is changing fast, and there are so many options.  My plan is to commit to a channel manager software and start building on that, I am pretty sold on OwnerRez.  

Any good books or resources for creating operating systems for managing STRs? Most of the books I have read are geared towards the absolutely new investor. We have three properties up and running and we are now looking at implementing systems so we can delegate more to an employee. My goal is to create systems for housecleaning, periodic inspections, maintenance, new property set up, etc.

It is the third Thursday of the month. Message me and I can give you a link to sign up for automated updates. 

Thanks

Gene