All Forum Posts by: Jack Pasmore

@Robert Rixer

I appreciate the welcome!

You’re spot on. I too agree that sticking with organic communities like BP and free meetups is the way to go. I’ve had a few “Gurus” personally try to recruit me into $20K+/year mentorships at networking events, along with paid workshops and masterminds. The pitch is always the same: "You need our system or you’ll never make it in this business." 

I got into real estate through an organic relationship, nor would I be where I'm at today if it wasn't for those relationships. That real-world experience, built on trust and actual deals, was infinitely more valuable than any high-ticket coaching package. From what I've learned in this business is that you're not only investing into a deal, but into the people of that deal.

I believe that real estate is a game of strong connections, not expensive playbooks. If you surround yourself with the right people—those who are actually in the trenches doing deals—you’ll pick up the skills, capital, and opportunities naturally.

Looking forward to connecting more and building with you, Robert. 

 @Stephan K. , I personally am not invested into STR's, but would like to pick your brain on the ones that were grandfathered in. If I were to invest into one that was grandfathered in, would I have to convert it to a MTR? Or would it still be able to be used as an STR?

I do my best to stay on top of the renting laws as an agent who works with investors on a daily basis. I'd love to hear more from you.

Residential Districts (2019): Renting properties for periods less than 31 days or a calendar month is prohibited. Property owners in these areas can only advertise for monthly rentals and are not permitted to offer daily or weekly rentals

and
In March (2024): Florida lawmakers passed legislation granting the state more authority over short-term vacation rentals, potentially impacting local regulations. 

@Manny Del Val  @Anaim Murcia @Patrick Hancock @Kyle Tusing - I just came across this and had to reach out. My company is actively scaling in the multifamily space, and partnerships are at the core of what we do. We’re based in Central Florida and always looking to connect with like-minded investors, GPs, and LPs who are serious about making things happen.

But for us, it’s more than just investing in deals—we invest in people. Relationships drive everything we do, and we’re always looking to build with those who share that mindset.

I'd love the opportunity to connect.

@Bill B.

Bill, I appreciate the insight. The bad screenings leading to frequent evictions make a lot of sense. It’s easy to say “just screen better,” but I imagine truly tightening up criteria without killing occupancy can be an art.

Since you’ve seen this play out firsthand, I’d love to hear more—what specific strategies have you used to filter out the bad tenants from the good ones? Are there certain red flags that have saved you from a bad lease before?

You make a great point about market selection, too. Some operators I’ve talked to swear by Class B and C deals but have almost zero eviction issues because of how they structure their tenant relations and lease agreements. Have you found that certain property types or markets tend to have more eviction risk regardless of screening?

Not debating—just picking your brain because it’s clear you’ve got a strong handle on this. Once again, I appreciate you sharing your perspective.

@Charles Carillo

@Gustavo Delgado

I appreciate your responses! Solid, no-nonsense approaches. Cash for keys, screening, and lease enforcement seem crucial, no doubt.

I’m curious, though—I've been in rooms with pretty successful multifamily operators, and many of them actually frown upon eviction because of the cost, lost rent, turnover expenses, and time. Some go as far as saying that if you’re evicting frequently, something is broken upstream, either in underwriting, screening, or tenant relations.

So here’s what I’d love to pick your brains on: Do you see eviction as a necessary cost of doing business, or do you think there are better ways to prevent it altogether?

Not debating, just interested in hearing your take. You both clearly have experience dealing with this firsthand, and I want to see if there's a way to balance enforcement with profitability. What’s worked best in your portfolio?

@Jennifer Frim

Jennifer, that’s solid— Being near a major hospital is a built-in advantage, especially with traveling nurses. 

Since you’ve been fully booked since April, have you thought about scaling up? I've spoken to investors who start with one MTR and quickly realize the potential for multiples.

Are you looking for more properties, or possibly dipping your toe into multifamily? Curious to hear your thoughts!

@Kyle Reedstrom 

@Obed Calixte

Kyle, Obed, great discussion here. Kyle, I completely understand your frustration with being reactive, and you're right to look for a proactive approach. Obed, I appreciate the insights, especially on retention. I’d like to add a few things from my experience as a realtor that could help take things to the next level. I may not be a property manager, but I have worked closely with some who managed over 1500 doors.

First off, I agree that Buildium is just a tool—it’s not a solution for proactive vacancy management. What I’ve found to be a game-changer is building anticipation before a vacancy even happens. Once you have tenants in place, start positioning yourself for the next round of tenants—think of it as planting seeds. Here’s how:

1. Create Urgency with Scarcity: If you're not already, market your available units as in-demand—make it clear these units rarely stay vacant for long. 
2. Leverage Social Proof / Branding: Tenants are more likely to move into a property that others are excited about. Build a brand around your property that speaks to your tenants’ experiences. For example, I was just at a networking event where the owner of a very experienced property management company shared a story about how he branded an apartment complex in Plant City, FL to The Henry Plant Apartments (or something to that effect). Encourage current tenants to share their stories, whether through social media posts, online reviews, or word-of-mouth referrals. Personal testimonials and real-life experiences from satisfied tenants can build trust, enhance your property’s reputation, and generate interest in your vacancies.
   
3. Outreach to a Broader Audience: While Buildium can automate your listing process, consider utilizing digital marketing beyond typical sites. Targeted Facebook ads or Google Ads will speak to your ideal tenants.
4. Incentivize Referrals: If you don't already, consider offering your current tenants a small reward for referring someone who fills a vacancy. It's a quick way to utilize your current network while building relationships. Keep in mind, you don't want to ruin the NOI. I've seen some property managers give out electric scooters, prepaid visa gift cards, or even small upgrades to their apartment (ex. a ceiling fan).

Lastly, I agree with Obed’s point on retention. This really ties into proactive vacancy management—you’re not just filling spaces, you’re building lasting relationships with your tenants. Good service and communication can make the difference between a vacancy and a renewal. 

To wrap it up: filling vacancies is about more than just filling the unit—it’s about building desirability and urgency in the market before the unit even becomes available. Once you get that rolling, you'll be filling those vacancies much faster.

Best of luck with the 20-plex, Kyle. Looking forward to hearing how things go!

Sincerely,
Jack Pasmore

Hey everyone,

I’m reaching out to the property managers in the group, and I’ll be direct: How do you handle tenants who aren’t paying rent?

I’m sure you’ve dealt with this before, especially during market shifts. I'm curious and would like to learn what’s working right now in real-world situations.

What strategies or systems have you put in place (or should have put in place) that actually work. If you’ve cracked the code on this, I want to hear it.

Drop your best advice below.

@Arn Cenedella

Your point about simply sharing instead of selling resonates deeply. The reality is, people don’t buy deals—they buy the vision, the confidence, and the operator behind it.

That’s exactly why I don’t pretend to be something I’m not. I’m 21, and sure, that means I get overlooked by a lot of people in this industry. But here’s the truth—I know and have faith that Multifamily real estate is the vehicle that will get me to where I need to go. I understand the game I’m playing. Everything in life takes time, effort, and hard work, and I’m willing to do all of it. More importantly, as a Christian, I believe that I have God on my side—and when you mix faith with relentless execution, the outcome is inevitable.

I’m not chasing riches. Money is a byproduct of playing the game at a high level. What I am doing is racing the clock—because the last thing I want is to be in 50's, still fumbling with a lockbox, while younger guys are out there making moves. That’s just not happening.

I also know that speed of execution is everything, which is why working with a more experienced lead operator isn’t just smart—it’s essential. There are things you can’t learn from a BiggerPockets forum, a course, or a blog. The real game is played behind closed doors, in the rooms where deals actually happen. That’s where I intend to be.

People always tell me, “You’re young—you have time.” But time is my most valuable asset, and I’m not about to waste it. Elon Musk touched his first million at 27 and sold 'Compaq' at 28 for nearly $300 million. Bezos, Gates, Buffett, Zuckerberg—all had hit their first million before 31. The clock is ticking, and I plan to use every second wisely.

Looking forward to staying connected and continuing to learn from your journey.

Best,
Jack

@Evan Polaski 

You hit the nail on the head with the point about relationships. Whether it's 506(b) or 506(c), success really comes down to how you engage with investors and the trust you’ve built. I really appreciate your take on playing in the grey area, where the focus shifts from marketing a deal to marketing a company’s reputation and track record. This makes sense, and as long as everything stays compliant, it's a smart move. The nuances of this approach are important, but with the right guidance and execution, it can be a game-changer. Between your response and Arn's these were the kinds of conversation I was hoping for, and I look forward to learning more from your experience.