All Forum Posts by: Jarrod Williams

@Joe Marcum - Just responded on Facebook.  Booked up for the time being but I really appreciate the share.  Do you invest in Georgetown and Lexington?

@Bryan Reid The model I am using is for medium length stays. I am not turning over the property every weekend or anything.  My average stay is about 2 months.  So for restocking, the tenants mostly do that themselves.  They sort of view this as their home for the time period that they are here.  I hire a cleaning crew once they leave to get everything ready and stocked for the next guest.  I work with a small business that is a couple so they work well with remembering my property and the way I need things to be set up for the next guest and they can usually work well around my tight schedule.  I almost always have a new guest coming the same day as the previous one has left.  The rest we manage ourselves.  These platforms make booking easy and communications as well.  So I never have to track down a check and usually hear about a problem right away because they actually want me over there as opposed to a long term tenant that would probably rather never see me.

Hi BPers.  Looking to start a discussion about property management companies in Lexington.  Who has tried some out and what do you recommend?  Thanks

@Bryan Reid:  Hi Bryan.  To answer your question I short term furnished rent 2 units currently in Lexington and have another one coming this summer.  I use many different web platforms, including airbnb, and am actually developing my own currently to cater to my niche.  We have been very successful so far at this small scale.  I took the 2 original units from a respectable 8% cap through traditional long-term rent to 14% with the furnished short-term model I am using, and I am still figuring out ways to improve on that all the time.  Pretty excited about expanding and seeing where this could go.

@David Piqueira:  Lexington overall is very safe but I do not agree with the mountain analogy.  The reason you keep getting that feedback from the properties that you are sending your agent is because she is right.  The market is so crazy hot right now that anything worth buying is sold immediately.  Everyone I work with has had multiple stories of their properties selling in 24 hours.  Whats left for you to view is usually the leftovers.  You might get lucky but they are risky bets.  What price point are you looking at?  I could recommend some strategies that I have had success with if I know what you are looking for.  I am not an agent, just an investor.