All Forum Posts by: January Johnson

If you have an Airbnb listing, join your local Airbnb Facebook group and get hyper local recommendations for all kinds of people.

https://community.withairbnb.com/t5/Local-Host-Clubs/ct-p/en...

2 Votes

Orlando, Florida

Yonah Weiss is the "Cost Seg King" and a favorite of The Short Term Shop

https://linktr.ee/yonahweiss

2 Votes

Quote from @Kelly Cochran:

Thanks, John! Any tips on finding those good house cleaners and handymen? Also, how did you manage after-hours "emergencies" with your guests?

If you have an Airbnb listing, join your local host community on Facebook. Lots of hyper local recommendations here!

https://community.withairbnb.com/t5/Local-Host-Clubs/ct-p/en...

0 Votes

Quote from @Christopher Philbrick:

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $850,000
Cash invested: $40,000

Short term rental, very hands on for 3 months out of the year, but also completely shut down for 6 months annually.

What made you interested in investing in this type of deal?

I love people, I love the location, I love to share. This is not “passive income”, owning a resort is work, but it is also like living a vacation.

How did you find this deal and how did you negotiate it?

Craigslist- I typically look at 100’s of deals before buying one. Negotiations directly with the owner, who was looking to improve his quality of life and trusted me to maintain his vision for the property.

How did you finance this deal?

Seller financed - used cash in the business for most of the down payment. (*Pro-tip)

How did you add value to the deal?

Too many way to list here, but the main way was to leverage the pre-existing customer base and add inventory.

What was the outcome?

Beat former owner’s best year gross #’s by 30%, while slashing expenses and making major improvements to the property.

Lessons learned? Challenges?

Staffing is tough, have more children while you are young.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I always try to work directly with the seller and a good real estate attorney. When pulling off creative deals, it is tough to work with agents only worried about their commission. If you are trying to put very little money down- stay away from the MLS.

As an agent specializing in investor clients, I don't agree with, nor do I appreciate the "agents only worried about their commission" comment. Are there those agents? Yes. Are we all "those agents"? No. A good agent with a team of lenders, insurance brokers, handymen, cleaners, etc. is worth many TIMES their commission. A good agent who is also an investor is worth even more.

I also disagree with "stay away from the MLS." I can sort by owner financed deals on the MLS - they definitely exist. I'm a great resource for investors, and I also understand and can advocate for creative financing no matter where the listing comes from.

Finally, I'm perplexed by your clickbait title here as I'm certain you have not quit your day job based on a property that only operates for 3 months a year.

But good luck to you...

1 Vote

Quote from @Ron Singh:

Quote from @January Johnson:

STRs are the best in my experience and to my knowledge.

thanks, do you feel buying in Florida at this high rate with 20 to 25 %down, and using someone's help to manage, can still cash flow at all ?

We teach you how to manage your own rentals and keep that money in your pocket. No, I do not think you can cash flow if you have a property manager.

0 Votes

Do you have any properties that you manage listed on Airbnb now? If so, join your local host community and ask there.

https://community.withairbnb.com/t5/Local-Host-Clubs/ct-p/en...

0 Votes

Milwaukee, Wisconsin

Quote from @Travis Andres:

Hey, can anyone recommend a good house cleaner/service for STR & MTR in Cleveland area?

Thanks!

If you have your property listed on Airbnb, join your local host community and get hyper-local recommendations.

https://community.withairbnb.com/t5/Local-Host-Clubs/ct-p/en...

1 Vote

Cleveland, Ohio

Yonah Weiss is the "Cost Seg King" and a favorite of The Short Term Shop

https://linktr.ee/yonahweiss

0 Votes

Houston, Texas

Quote from @Leon Lee:

Quote from @Rachel Kokosenski:

@Lee - I'm unclear as to whether you are calling individual companies, like Farmers, or going through a broker that can shop multiple companies at once. I recommend talking with an insurance broker because they can compare policies for you across a large group of companies without you having to call individual companies yourself. Also, as they "speak the insurance language" they will likely be better at comparing different policies for you.

Rachel

I am calling an insurance broker and she gave me this quote. It is promising but I definitely need to drill down on several points. Will have you posted on updates!

Thanks

Lee

Call multiple brokers. They are not all the same or have the same companies they can write for.

0 Votes

STRs are the best in my experience and to my knowledge.

0 Votes

All Forum Posts by: January Johnson

January Johnson has started 18 posts and replied 774 times.

Post: Cleaners in Kissimmee, FL?

Post: strategy related to investment property -STR tax

Post: Is it insane to manage your own STR?

Post: Game changer! Quit your day job…

Post: real estate for tax deduction (active involvement )

Post: Short Term Rental Co-Host

Post: House cleaner in Cleveland area

Post: Looking for a CPA to validate my tax strategy so I can take next steps.

Post: Is Safeco a reputable insurance company for short-term rentals

Post: real estate for tax deduction (active involvement )