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All Forum Posts by: Golan Corshidi

Golan Corshidi has started 11 posts and replied 53 times.

Quote from @Bob Stevens:
Quote from @Golan Corshidi:

Hey all!

I am looking at an opportunity to invest in Cleveland, Ohio and I am looking to connect with a local property manager who has experience working with mid-term rentals. 

Looking forward to connecting! 

NOT a good idea, why mid term? Now you need staff to be 100% reliable, not easy there. Also need to furnish. At the end of the day maybe you make 2% more then you would with yearly. Be happy with your 10- 14% net and move on. Oh I assumed you are a cash buyer

Good luck 



Yeah, so far it seems like the juice isn't worth the squeeze with the added work, turnover, etc but that's based on a lot of assumptions Im making from afar. Hoping a local manager can show the returns might be worth it but not convinced yet. You think long term rental is the move? 

Quote from @Remington Lyman:
Quote from @Golan Corshidi:

Hey all!

I am looking at an opportunity to invest in Cleveland, Ohio and I am looking to connect with a local property manager who has experience working with mid-term rentals. 

Looking forward to connecting! 


 A lot of PMs will not deal with MTR Have you thought about self managing?


 I have! I think it would be helpful to have boots on the ground for certain tasks but debating just delegating it all if there was someone that could take it on. 

Quote from @Michael Smythe:

@Golan Corshidi 

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.

Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.

Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

To avoid going through the same poor experience, keep reading.

Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.

In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

It's often a case of not doing enough research, as they don't know what they don't know!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.

EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean? What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.? You’d be shocked by how little actual screening many PMC’s do!

This also leads owners to ASSUME simpler is better when it comes to management contracts.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings. Why do you think purchase contracts are so long and have such small print?

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

P.S. If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general. Take ownership of your mistake and learn to do the proper due diligence recommended above😊


 Well said Michael, thanks for all this feedback. Ill make sure to check out those resources and vet them individually. 

Quote from @Jake Forehand:
Quote from @Golan Corshidi:

Hey all!

I am looking at an opportunity to invest in Cleveland, Ohio and I am looking to connect with a local property manager who has experience working with mid-term rentals. 

Looking forward to connecting! 


Hey Golan, I can send you some contacts. What areas are you focusing on?

 Ill send you a message thank you @Jake Forehand

Hey all!

I am looking at an opportunity to invest in Cleveland, Ohio and I am looking to connect with a local property manager who has experience working with mid-term rentals. 

Looking forward to connecting! 

Post: Most User Friendly PM Software (20-25 units)

Golan CorshidiPosted
  • Rental Property Investor
  • Posts 53
  • Votes 40

For smaller portfolios, I recommend Buildium. It's affordable and most likely does most of your software needs.

Happy to chat further if you'd like! 

Buy a multi-family asset in a high cash flow market. I found this chart with cap rate averages across the nation. Maybe a good starting point if cash flow is the focus. 

Best of luck! 

Post: Property management software features?

Golan CorshidiPosted
  • Rental Property Investor
  • Posts 53
  • Votes 40

1. Rental portal to collect rent

2. Leasing processes: applications, leases, etc. 

3. Resident portal for maintenance

4. Accounting features to generate necessary reports 

5. Marketing options for available listings. 

Post: Aby have experience with rent by room?

Golan CorshidiPosted
  • Rental Property Investor
  • Posts 53
  • Votes 40

I do! The best channels may depend on the market but overall these are the best ones for my markets (San Diego, Los Angeles, and San Francisco): 

1. Facebook marketplace

2. Zillow (make sure to mark it as a room) 

3. Craigslist (somehow they still are going strong)

4. Furnished Finder (great if you're near any hospitals)

5. Roomies.com

6. Airbnb (30 day minimum)

I would also give Padsplit a look and see if Dallas is a core market for them. They have some significant fees and they take control of the asset but it might be worth your time. 

In regards to the city, just reach out to your local city hall. Most likely you need to speak with the planning department and they'll tell you if it's allowed. Unless it's a very restrictive area, typically this type of housing is allowed with 30-day minimums. 

Feel free to message me if you have any more questions. 

Post: Eager Future Investor

Golan CorshidiPosted
  • Rental Property Investor
  • Posts 53
  • Votes 40

Welcome, Grant! Well done on making the progress to get to where you are now and for looking for more growth.

You're definitely in the right place as there is so much knowledge in these forums and elsewhere.

Best of luck to you.