All Forum Posts by: Tehane Gallimore

@Geniphyr P. that is great advice as well I appreciate the tip. I am fortunate to have an awesome husband I can lean on to help manage things if I get tied up but there are definitely things we could do to make things more efficient.

@Dan Schwartz yes bears! Lol they are tearing up the area. 

@Shelby Pracht that is exactly how it feels. Especially since when you do get called it is during family time or the middle of the night etc. I appreciate your input about selling and not regretting it. Part of it is an opportunity cost thing as well. The time I put into this property I could be working on some additional projects that would be more profitable in the end.

Thank you all for the great input I think it is more a state of mind for me. We have two large real estate projects in the works right now, I work full-time, and am also a realtor, investor, wife, and mother. I took your advice and mapped out the actual time and it is not as much as it feels. Lately we have had some extenuating circumstances which makes it feel like the property is more work then it should be (we had to transition cleaning companies and we have had issues with bears) we do use automation where possible I have a PMS system that integrates all of our platforms and automates communications and notification of cleaners and maintenace etc so we are quite lean as far as our systems go. The daily operations almost runs itself it is more trying to mitigate those random things that have been coming up that we are having to modify for. I think we need to just ride out the rough patch and see how everything looks in a few months.

Some people are likely going to laugh at me when I post this, but we own and operate a highly successful AirBnB out of Beech Mountain, NC. We are super hosts, award winners on Booking.com, and consistently are averaging 70% occupancy rates year round. Business is booming and we are cash flowing insanely well and we were super excited about how well things were going, however we have been considering selling it as an investment property to other investors. It might sound silly to some people, but I never intended for the home to become a second almost full-time job, but lately it has felt that way and we are getting a tad burnt out. All of the full service property managers we have spoken to will charge 25% to 30% commission plus don't appear to generate the same revenue so it wouldn't make sense to go that route because we would barely be breaking even for slower months. We feel a bit boxed in with our options so it has been a bit of a struggle. We would prefer to sell the home and reinvest in another BRRRR property which has worked really well for us. The cash flow is no where close to what we are making with the AirBnB, but it is way less maintenance and work once you have solid tenants in place. Not sure if anyone else has felt the same way and if you decided to keep at it or sell off your property? Thanks in advance.

I am a female investor and realtor located in Charlotte-Davidson, NC glad to see there are quite a bit of us on here!

@Laura Yates thank you so much for the advise. We have been doing some realestate inveating and self-managing our AirBnB so I do have some local connections and a small foot print in the industry so I hope this will help to accelerate things a bit. I think you are spot on with just having to save up and take the plunge. I will start to ask around more I have managed to come across a couple of local companies like you said who do seem more flexible. Thanks again.

Thanks Matt I am going through Superior as well! I'll make sure to ask around locally.

I understand that real estate is not a part-time gig, but I am currently going through the NC pre-broker class to sit for my licensing exams in early January. I hope to eventually transition out of my full-time job and go full-time into real estate, but my hope is to get my training done, and business up and running first while maintaining a steady income stream before jumping in full-time. Unfortunately my family needs my current salary to stay afloat. My current day job does give me quite a lot of flexibility to take care of real estate business through out the day. That said...is there a real estate firm near Davidson, NC that would be more flexible for someone in my situation? It seems a lot of firms really don't like part-timers or the training is purely at specific time and locations during the work week. I was hoping to get some better input. Thanks in advance.