All Forum Posts by: January Johnson

Hello, I am starting on my real estate investing journey. My goal is to buy a multi-family unit and house hack in Houston, Texas. I am trying to decide between renting out the remaining units short-term vs long-term and would like to know the costs involved with each. What are the fixed and variable costs associated with having a short-term rental vs long-term rental? What are some unexpected costs? Thank you in advance for your valuable feedback!

Quote from @John Underwood:

A Co-host is not a property manager. A Co-host is likely not licensed and insured.

If I were to get someone else to run things it would only be a legitimate local Property Manager. 

Let me clarify. I am not referring to a property manager, strictly one that manages short-term rentals, not necessarily the whole building. I believe a PM and STR have different management fees as the job is more hands on and involved. But sounds like you would like to work with a licensed PM and manage the whole building. Makes sense.

What would be a fair management fee? 

Hi! I'm Karyn Navin! I'm a real estate rookie looking to acquire my first investment property. I'm interested in getting a STR property. I'm still in the early stages of navigating this whole process and building my team. Trying to get it right from the start, or at least give myself the best chances for success from the start.

ANY advice and insight is welcome!  I've been trying to connect with as many people as possible who are willing to share their knowledge and wisdom, and experiences with me.  

I'm a Nurse Practitioner by day.  Also a small business owner.  And a Mom of 2 toddlers.  Wife to an Army veteran/marine biologist/mechanical engineer/healthcare administration executive.  

Happy to be here and very excited to start this journey!  

Please reach out!  Let's connect!

Is there any meet ups for aspiring STR hosts and Cohosts in the Tacoma area. It would be great to meet up with other STR Hosts in the area.

Hello everyone. I'm brand new to Bigger Pockets but not so brand new to the real estate game. To give a brief background, I've flipped 2 properties and am now looking to venture into rentals. I know of FHA loans and that seemed enticing, but in my area (St. Petersburg FL) with the "low income" I'm making (around $4,200 per month) at my job, it's proving difficult to find a multi family property that I can afford with month to month tenants or with 1 vacant unit. I'm very very handy, jack of all trades if you will, so I can renovate properties without breaking the bank in labor costs. My question to everyone is this. With just under $100k in the bank to invest, how would you make your next move? Flip a few more properties? Dive into rentals to get more monthly income coming in? Wait for the intrest rates to drop a little? Move somewhere that isn't so expensive? I'm at the point where there are too many options for me and I can't decide which is the best course of action. I appreciate any thoughts and comments.

Hi Everyone, 

I have been researching for real estate investment out of state for couple of months. Did some research on RTP Raleigh/Durham and Las Vegas(Summerlin/Henderson) but cash flow isn't great. I read forums here and saw Cleveland/Columbus Ohio is good but they are older posts. I like to get more options, current trends and pros/cons to start with investment . I'm just beginning, any help is much appreciated. Thanks