All Forum Posts by: John Mausteller

Hey Tyler - That sounds like an awesome opportunity and too good to pass up. If you are comfortable being partners - I would go for it - and like someone said above, just make sure all the i's are dotted and t's are crossed with the partnership agreement so everyone knows what their responsibilities are and what the options are if one of the partners wants out. Would you charge a management fee to the partnership? I manage all my own short term rentals as well, currently 7 STRs (between Outer Banks NC and Western NC) and one quadplex with LTR tenants in it currently. I have a seperate management LLC and pay myself 15% to manage the properties - so that could be a way for your wife to bring in some money as well. This really sounds like a an amazing opportunity for growth for you and your family.

Hey Edd - I hear ya - it can be stressful, but in the long term, if you can keep them and you are not hurting financially in your personal life (credit card debt, etc) then I think its always a win win to hold onto the real estate.  When your kids are older, you could sell for college etc etc.    If it is alot, maybe consider selling both and doing a 1031 exchange into a multi family property or something of the sorts.   It sucks having to pay all the capital gains, but if you need the cash, then it might be the way to go.  I am always wanting to hold onto the real estate if I can tho!  

Destin, 30A area seems to still be brining in good returns even with the rising prices of real estate.  Let me know if you need an agent rec!  My brother and good friend both own multiple properties in Miramar Beach / Destin area. 

I use Follow Up Boss - but mainly for the sales side of my business. I own 11 doors also , and from time to time I will log calls etc in Follow Up Boss for that. 

Hey @Raquel Knoell

I think with mid week openings you should be fine.  I would list with an experienced agent in the area who will market the home right.  As John said above, you could also block out a weekend and do two open houses if you have any available weekends in the near future.   Otherwise, potential buyers will just have to make time during the week to tour the home or have their agent do a virtual tour.    On that note, I would make sure whatever agent you hire is doing a good marketing video, etc so that the home is showcased on video and interested parties can see it that way as well.    If you need any agent recommendations up there, I am happy to help with that as well!  Best of luck!! 

I would log onto Airbnb or VRBO and look at other homes in the area and who manages them... read the reviews.. When you start seeing the same individual or small company managing multiple rentals with good reviews and steady bookings, I would reach out to them directly!  I have found great managers, cleaners and more doing this approach in multiple markets. 

Hard decision!  I would say with the single family home, it sounds like you can force more equity there, and I am also assuming that the multi family is more one bed one bath units?  If that is the case, going for the single family you are really winning financially and personally.  You can rehab and fix it up and then start your family there because you have the room.  Then when you are ready, you buy another place and either sell the single family or turn it into a rental and have the memories of where you started your family.  It could become your 'kids house' in the sense that in 18 - 20 years, and it is almost paid off or fully paid off, and you have money for whatever their future endeavours are.    All in all, it sounds like the single family would tick off multiple boxes for you and your current situation! 

I think Brooklyn said it best in the previous replies.  Elevate your experience compared to your competitors in your market.   Nice furnishings, decorated well, no clutter, stocked with all the amenities and more.   

Hey Amy -  It certainly was slower here in the fall and it has begun to pick up as we approach summer, and then combine that with interest rates ticking down a bit, more buyers have come into the marketplace again.   It is still certainly possible to get a house without getting into a multiple offer situation.  When a house is priced perfectly, or even a bit under value, we can almost guarantee that it will get tons of attention and likely result in multiple offers. I am happy to discuss more and give you any insight into the areas you are looking at! 

Hey Mica!  

Zillow and Apartments dot com but process payments for you I believe.  Google Sheets or Excel can keep track of things pretty easily if you just stay on top of updating them.   I know Apartments dot com will collect rent and they do not charge you a fee if you don't want it rush delivered to your account.  I think they make their money by letting it earn interest in their account for a few days - but its a nice service to have.  They also screen tenants for you.  

I agree with some above, texting for maintenance requests is the easiest.