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All Forum Posts by: Jeremy Schrader

Jeremy Schrader has started 2 posts and replied 6 times.

Post: Miramar Beach STR Revenue

Jeremy SchraderPosted
  • Investor
  • Rochester NY
  • Posts 6
  • Votes 3

@Bruce Woodruff I’m using airdna along with 2 quotes from property management companies, 1 from a realtor, and general feedback from this community. I own a house currently nearby that did well but it’s not a good comp for this specific section. 

Post: Miramar Beach STR Revenue

Jeremy SchraderPosted
  • Investor
  • Rochester NY
  • Posts 6
  • Votes 3

Thanks everyone!

We are having a pool installed now, and starting to furnish. My hope is go live by may 14th so we can grab the summer. @Charles Breunig I would love to know if you self manage and have a resource/handyman in the area. I’m remote and we are going to self manage 

Post: Miramar Beach STR Revenue

Jeremy SchraderPosted
  • Investor
  • Rochester NY
  • Posts 6
  • Votes 3

@Kenneth Garrett and @Joshua Strickland - what drives the difference in your opinion? Pictures? Minimum nights? Are you using any pricing tools (for better or worse?)

@Kenneth Garrett

@Kenneth Garrett as an owner in the area, what’s your thoughts on the estimates I’m seeing?

Post: Miramar Beach STR Revenue

Jeremy SchraderPosted
  • Investor
  • Rochester NY
  • Posts 6
  • Votes 3

Hello!

I am under contract on a 5 bedroom SFH in Miramar Beach, 3 blocks from the beach in a gated community - Frangista Beach.

I’ve received estimates from airdna of gross revenue from 100K to 165K, and two quote from property managers estimated 120-150 with the pool. 

I still see a LOT of properties available for this spring and summer in VRBO and Airbnb. 

Is anyone willing to share their actual revenue for this area, and how close to stays that people really start to book?

Post: Private Capital or BRRRR Property (Chicken/Egg Help)

Jeremy SchraderPosted
  • Investor
  • Rochester NY
  • Posts 6
  • Votes 3

@Rick Pozos excellent feedback, thank you!

I’ve taken conventional routes so far, so maybe the conditions allow for creative options.

Have you offeter these sorts of deals with wholesalers?

Post: Private Capital or BRRRR Property (Chicken/Egg Help)

Jeremy SchraderPosted
  • Investor
  • Rochester NY
  • Posts 6
  • Votes 3

Good afternoon!

My wife and I have developed what we affectionately call a “starter portfolio”. A single family home, a duplex, a triplex, and a short term vacation rental.

While this year has been fun, we are trying to build towards a true long term investment strategy, and continue to grow.

Where we live (Upstate/Western NY) real estate reliably slows down when the weather turns cold and the snow piles build. That being said it’s a great time to buy.

We would LOVE to get a SFH/Duplex BRRRR project for the winter, while we save for another investment next fall, but to accomplish this winter's goal we are running short in capital.

I’ve never spoken to a wholesaler or hard money lender. I have a great contractor, but what comes first here? The home or private lender?