All Forum Posts by: Joseph Bafia

We just purchased our first beach property.  A very small single family home an easy 2 block walk.  Definitely like our location and don't think we need to be beachfront.  Its about how you differentiate your property and get the good review traction.

Congrats!  

We also just recently purchased our first one near the coast after having several in the mountains of NC.  Trying to learn the rate scheduling and seasonality of coastal versus our year-round experience at the mountain properties.  

Would love to swap stories and ideas sometime as I'm in Raleigh NC.  

We also have several properties surrounding the Asheville market in towns that are STR friendly and they all do well. I've networked with others who have that area very well surrounded and a solid agent referral if you need. @Mitch Davidson is a great resource as well and knows that market.  

Happy to share our story and help answer any more detailed questions!  Best of luck and hope to see you in western NC!

Although I'm not in Phoenix, always willing to jump on a Zoom call and chat!

We've been scaling with STRs and always looking for others wanting to do the same!

Let me know if I can help.

We have spoken with and helped many getting started answer questions like yours.  Happy to share our story and answer any of your more specific questions.  I get the frustration of needing that "next step" guidance from those who have accomplished it.  Reach out and happy to help and share our story.

@Mitch Miller @Will Parks @Artem Lopatchenko @Daniel Giacomazzi @Kelsey Maren @Barbara E. @Kyle Roberts @Austen Carroll @Shelby Osborne @Charles Robinson @Marco Aceves @Ryan Casady @Ryan Johnston @Christian Hansen @Ben Bruckman @Shane Wolf @Tiffany Alexy

Raleigh, Triangle, North Carolina, Short Term Rental, STR, Education, Workshop

Pass the word along and share this post with others who may be interested.  Happy to answer any questions.

Browse your competition and look for differentiating opportunities.  As an example, one of our cabins is in a community that has approximately 100 rental properties.  They're all fairly similar outside of maybe size.   Not all of them have hot tubs, and not all of them allow pets and we decided to do both.  So now, when someone searches that community and filters for pets allowed & hot tubs, there are only 21 hits, so our competition pool is less.

Look and see what others offer and outperform them.

As for long-distance managing, I'd recommend focusing on the human aspect first (great housekeeper and handyperson) as they will be more valuable than the tech side.  We use the platforms that both Airbnb and VRBO provide and also use the Schlage app to program door codes.  

Hope this helps and reach out if you have further questions!

Happy to give some guidance in NC as that’s where most of our properties are located.   It’s best to make some local connections , not only with realtors but maybe more importantly, other investors in the area you want to pursue.  Those people already have a track record and resources that can really speed up your process.  happy to help and let me know what markets you’re pursuing!

Best of luck and hope to see you in NC one day. 

Ready to Learn about Short Term Rentals? After getting on numerous zoom calls with new investors, attending dozens of meetups, doing an online seminar, and helping a few of our colleagues purchase their first short term rentals, we have decided to take the next to step in helping others and expanding our network.

We have decided to put on a full day workshop, limited to 25 individuals who are motivated and ready to meet like minded individuals, get to know the basics of short term rentals, and are excited to get started on their real estate journey.

Who is this for?
Despite your previous experience, anyone is welcome to sign up for this workshop. With that being said, this is definitely catered towards individuals who have little to no experience in short term rentals and want to get started. Although you can't learn everything there is to know in one day, our goal is to give you the foundational basics and help you connect with others with similar mindsets. We're here to show you that no matter where you are in life, you can enter into short term rental investing.

What will be involved in the workshop?
- An overview of our story and process
- Introduction to the basics of short term rentals
- Strategies on getting started
- Building your personal action plan
- Real-time deal analysis
- What to expect when owning short term rentals
- Insight into our portfolio with real results and numbers
- Social time to network
- Q&A to pick our brains
- Follow along workbook to plan your next action step

What's Included?
-Person workshop from 9am - 3pm taught by Joe & Antonio
- A FREE copy of Joe's book, "STRategy: A Guide to Short Term Rentals"
- Get the book shipped in advance of the workshop with prep exercise
- A workbook with exercises & actual action steps to put into practice
- Lunch and refreshments

For more info and to register, Click Here to get to our Education Page

We are under contract for a tract of land in the mountains of NC.  We are just starting our DD period and have calls into a variety of experts (surveyor, soil scientist, land planner, geotech, etc.)  I'm looking for some guidance/advice as to the best order of these individuals for the new build timeline process.  Anyone having experience with new construction on a steep slope in a mountain area would be greatly appreciated.  We're trying to best utilize our time during the DD period.