All Forum Posts by: Jeffrey Albaum

Hi @Kathleen McDowell! As a long time coffee addict - I think the duo Keurig is the best of both worlds and super simple! Where are your rentals?

Hi @Adam Hebekeuser!

As others have said in this thread - it's totally fine to expand to new markets assuming your fundamentals are solid: don't overpay for a deal and have AMPLE cash reserves. Hope this helps!

Hey @Jackson Madonna! Echoing others, the biggest expense will be management, usually around 25-30% of your gross income. Although you do incur cleaning fees, those are typically considered "pass-thru" expenses because you charge your guests a cleaning fee that is usually equal to what your cleaners charge you. Hope this is helpful!

Hi @Courtney Murphy!

It can be either - if your property manager is cool with it it might be easier for you to not have to worry about paying the bill - they'll pay it and than show you how much it cost every month on your owner statement. The con of this option is that they might not be as pro-active as you might be if your water bill trends up or shoots up one month (indicative of a leak).

TLDR - either way works it just depends on how active/passive you want to be! Hope this is helpful!

Hey @Charlie Massey - I also have never used them personally, but I think there are enough local management companies in the Smoky Mountains and Georgia markets, that it usually doesn't make sense to go with "biggest" company. Would love to connect to learn more about the GA mountains markets! We have a few STRs in the Smokies and have really loved them.

Hey @Giani Brussich!

Great question and great thread. In general I think it comes down to the "idea" of a STR. If you have young kids that need to get to bed early to wake up for school the next day, and your "neighbor" is throwing their third party of the week (but it's actually STR guests because you live in a happening area), I could see how that would be frustrating.

The other side to that is, if you live in a happening area, you can't expect it to be quiet on a Friday night....

I can see both sides and love that you asked the question! I also really liked @John Underwood's response and @Sara Frank's response!

Hi @Ali Williams! 

I have closed multiple deals with Jenn Price - she's absolutely fantastic! Shoot me a message and I'll send you her contact info!

Hi @Tim Blanchard!

I have never closed a loan with Bright Path however I have received a number of quotes from Host Financial, and Host Financial is always very communicative! Hope this helps!

Hi @Eddie Sati!

I have never invested in California before, but am curious how you decided on that market? Shoot me a message if you'd like to chat!

Hi @Rancel Evans Jr.!

I like/use a software called "Stessa". You can link your bank account to it and input all your different expenses and then it spits out a really pretty report that makes it very clear what your returns are. Hope this helps!