All Forum Posts by: Jeffrey Albaum

Hi @Stephanie Boone! I believe once you purchase the domain name through Google Workspace you can create as many different emails as you want. So if you have multiple houses, you can create an email address for each one:

"House1 @ yourcompany.com"

"House2 @ yourcompany.com

Etc. Hope this helps

Hi @Nate Slappey III!

I still find deals primarily through the MLS. I know it's boring, and returns aren't as great when running numbers at 6 or 7% interest when compared with 3-4% 6 months ago! But deals still cash flow (albeit less!).

Cheers!

Hi @Angela Jones!

First off - YOU'RE NOT ALONE! No matter what folks tell you - it's super scary to buy a property out of state! That being said, David Greene has an awesome analogy about driving down the road and your engine begins to smoke. If you're like most people you'll pull over and pop the hood right? Well unless you're a mechanic, you'll have NO idea what you're looking at, so it's better to call a mechanic whose job it is to look at engines. The same is true of real estate, you COULD buy something in your area, but simply by looking at a piece of property doesn't guarantee an understanding of it, and in fact you could trick yourself into seeing something that makes or breaks the deal (but is really an emotional decision like you LOVE the kitchen or don't love the "vibe" of the neighborhood, both things that don't SUPER matter for an investment property). Hope this helps and best of luck!

Hey @Mark Bowers, that's super frustrating and I'm sorry you're dealing with it! Definitely reach out to Airbnb and VRBO, as well as show up to their offices. Best of luck!

Hi @Joe Stout! Congrats on your first STR! As folks above have said - best thing to do would be to ask your agent. They'll be a great resource one way or another! You can go there to set things up yourself, which will really help you ensure you haven't forgotten anything small that a guest is going to complain about (can opener, wine bottle opener, etc.).

If you decide not to go yourself - you can hire a service to set everything up, or can use an app like Thumbtack or Handy to find folks in your area. Hope this helps and congrats again!

Cheers!

Hi all! I'm looking to connect with STR management companies in the following markets:

- Dallas TX

- Savannah GA

- Columbus OH

I'm looking to better understand each market as they relate to STRs. Thank you in advance and looking forward to connecting!

Cheers,

Jeff

Hi @Michael Dinwiddie!

When looking at Airbnb markets, I think it's important to consider what you're really looking for in terms of a property:

1. Do you want a place to go stay at yourself and be able to rent it out while you're not there?

2. Do you want it to be a pure "investment property" and not really looking to stay there?

Once you decide this, it will help narrow down your parameters. For example, if you go with option 1, you might not be as concerned with low occupancy, because you'll be able to go there whenever you want! If however, you go with Option 2, occupancy and ADRs are much more important. 

Hope this is helpful and please reach out with any questions or concerns!

Cheers!

Hey @Colby Wartman!

First off, congrats on your first STR! A few others have mentioned it, but you really can't beat finding a broker who you enjoy working with and is responsive to shop around on your behalf. They're going to know the best types of policies to look for. If you'd like a recommendation shoot me a message - our insurance broker is one of my favorite people!

Hope this helps!

Hi @Don Konipol!

I completely hear you - I started out paying a property manager 20% and quickly realized that when all was said and done, it was severely cutting into my cash flow. I quickly moved away from that management company (although I really enjoyed them personally, they're great folks and I wish I made money with them!), and started my own STR management company with more affordable pricing. If you ever want to chat or get an idea of what your property should be generating let me know!

Cheers!

Hey @Ani Shan! From my experience, usually property managers want to be "all in" or "not at all", as they charge a fee based on the work that they do. I would recommend asking your realtor for a local handy person recommendation and ask them if they're cool to be "on call" for those types of emergencies. Hope this helps!