All Forum Posts by: Janiece DeFreitas

I have recently signed up a new property manager for my short term rental in Santa Rosa Beach, Florida. With a new PM I’ve lost my excellent review history. How do I overcome this problem since reviews seem to be very important for bookings?

@Janiece DeFreitas
I still stand by it! I didn't mention it in this post (but have elsewhere on BP). Typically about 1/3 of our tenants are traveling nurses. They are the single largest demographic who stay with us, but the majority of our stays come from a random assortment of inbetween homes/in town for education purposes/outpatient procedures/visiting grandbabies/conferences/a bunch of other reasons. 

So while the hospitals give a strong backbone for the MTRs here, there's still a good diversity. And we actually bumped our prices up a bit since this post. We're charging $2400 for that 1/1.

As far as larger homes - our biggest is a 4/2. There's some diminishing returns on what you can charge per room as the property gets larger (right now we're at $3200/month for the 4/2), but it still stays full. Just appeals to a different group of people who want or need more space. Families, work from home partners, etc. 

And we still get nurses in the big one too at about the same rate (1/3 of the time).

@Wendell Butler. I'm very bullish on Winston. I own 5 properties, 6 units (1 property is a duplex). Winston has very strong neighborhood divisions, that might be why rents are seeming all over the place. We buy primarily in B+, A- neighborhoods. Long term rents there go from 1500 to 2200 for a typical 3/2 depending on how nice it is. 

We actually have been converting our units over to mid-term rentals. Winston has a very strong medical community - about 1 out of every 3 jobs here is a medical professional job. 2 major hospitals here, one private, one a teaching hospital for Wake Forest. Traveling nurses/other medical professions are a big thing here. We have 5 universities also, and traveling/visiting professors is a common thing also.

We have a 1/1 mid-term unit that rents for $2200 per month and a 4/2 mid-term that rents for $3200 per month. Nearly 100% occupied (we intentionally keep a couple days between stays, cleaning takes a bit longer between turnovers on a mid-term we found, otherwise we would actually be booked 100% of the time). 

I'm also an real estate agent in the area if you'd like to chat. Just ping me!

@Alyssa Raines Congratulations on your decision to take the Big Leap forward! Most folks never will...

I'm actively pursuing deals in Augusta as well, specifically mid-term rentals. What types of deals are you seeking?

We're also facilitating private lender funding for rehabs and fix-and-holds. We just closed one last week.

How are you currently sourcing deals? 

MTR can work well with larger homes and STR smaller homes. I'm actually considering doing a MTR on one of my units. I'll have to let you know how that goes!

Hey Janiece,

I know I'm not Richard, but for MTR, lots of medical folks and military folks. Augusta has an area referred to as the medical district and we're super close to Ft. Gordon. So, plenty of reasons for people to want to stay for multiple weeks/months. :)