All Forum Posts by: Jordan Lockaby

I think it's really smart to learn first before jumping in to ownership. Don't listen to the haters. Curious if you are managing short or long term rentals? Trying to network with more STR managers myself. Thnx!

Hi Tony, 

I've been approached about this program several times over the last year. Bigger Pockets has been an invaluable resource for me both in building my investing business and also in my professional role as an agent! I started the Bigger Pockets Asheville meetup two years ago and have watched countless people flourish through connections made in our community. I could not be more proud of the community that's being fostered here. I have been a stalwart promoter of BP's podcasts, books, forums, and in-person events.

I've personally been really disappointed with the launch of the featured agent program. I was shocked to hear that BP wanted me to pay $1,500 for a few leads from the site. BP has been a large lead source for my business as an agent. In fact, about 30% of all my closed deals have come from BP. That's about $7 million in volume during 2022. This has all been without the Featured Agent program. Not only does it seem unnecessary to me, but I feel that having BP become a paid lead source has diminished the organic, trust-building nature of the platform, which is the lifeblood of any honest forum. I won't attest to knowing all the in's and out's of this program, but my sense is that the heart of Bigger Pockets is honest, down to earth, real advice and support from folks really out there doing it. And the introduction of a paid lead feature feels contrary to the spirit of who I knew BP to be.

I mentioned to the last staff member that tried to sell me this that for all I've done to promote the Bigger Pockets brand in one of the strongest short term rental markets in the country, I feel the company should be paying me! - not the other way around. Any chance we can push this up the flagpole?

Hi, all! Lots of folks have been inquiring if we still hold this event. We do! Maybe @Derek Robinson can make an updated official event. I can't since I don't have a pro account. Derp.

We meet twice per month, typically as follows -

3rd Wednesday of the month: 6pm at Hi Wire Brewing in the River Arts

4th Wednesday of the month: 9am at Citizen Vinyl downtown

Send me your email address to be added to our email list. I send the monthly invites via email and we have calendar events. You can also join our Slack Channel that way.  See ya soon!

It would be helpful to describe the equity or ownership status in this doc. I.e. 50/50 partners? etc? It's also best to list an exit strategy. Ie - are you going to assess the properties values and then pay dollar for dollar half the equity to buy the other partner out? Would there be a dollar amount that would seem fair in lieu of that? What happens when one member dies? How does the entity proceed? Do the assets go to heirs, etc? These are some of the questions that an operating agreement with a former partner addressed. 

Congrats!

In this moment (because it changes often), I would guess if you listed it for rent starting in the spring, you could rent LTR for closer to $1800/mo.

Congrats on getting your listing up and live! It looks great! If I could offer you any feedback it would be to get professional photos done. I have an awesome local photographer who's less than $150, and I think it's well worth it. It will elevate and truly showcase all the hard work you've done on the property. Best of luck!

 Would you want to rent it long term? How many bedrooms. I believe it could rent for more than that..

Try a local credit union! I'm having success with this right now.