All Forum Posts by: Joshua Messinger

Hey @Tina Chau! 

I would make a list of all the things you can outsource vs. the things you would have the biggest trouble outsourcing and figure out if it would still be profitable for you for outsourcing those positions. From there figure out what would be the most expensive to outsource and what is the most worth your time. 

Otherwise, look for good workers with experience in the industry and set up processes for everything needed to be outsourced. @Sergey A. Petrov said this one perfectly - It's either passive or active. 

I hope this helped and if  you ever need anything don't hesitate to reach out! 

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Josh 

Hey @Gal Kochavi-Jones! 

Love this and can't wait to hear what you guys end up doing! 

Otherwise, I would check with your counties/township's ordinances that they have in place to see what the zoning requirements are around leasing a part of your land as they may require that your parcel be zoned commercial or something higher. 

Anyways I hope this helps and if I can help with anymore more please don't hesitate to reach out! 

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Josh

Hey @Account Closed! 

This is a great question - I would only do an income/employment check for traveling nurses as they generally have a large income coming in per month and if they are to be working with ANY hospital they have to have a very clean background. 

Otherwise, we also send a lease agreement over to them on top of our free application so we have some more security on our end. I would only recommend you do the same too because no matter what a sticky situation can come from the most unexpected moments. 

Hope this helps and don't hesitate to reach out if you have any more questions! 

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Josh

Hey @Brandon Allenczy! 

The best way to figure out if there is a demand for MTRs is to see if there is a demand for STRs. Even though this may not seem beneficial but most travel nurse's/white collar professionals already book through Airbnb for their medium-term stays. I actually get a very good amount of traction from our guests looking to stay for an extended amount of time hence why I am saying this. 

But, other than that if there is an STR market and an LTR market this allows you to tell easily that there will be an in-between. One more thing I would look into as well as to see how many hospitals/companies/construction sites are around your property. If there is a lot of those there will be a demand for housing for less than one year all the time just because of these.

I hope this helps and please don't hesitate to reach out if you ever need anything as this is what I work on a daily basis! Lol. Cheers! 

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Josh

Hey @Tyler Lingle! 

A good way to figure out the ordinances/rules and regulations in place is to call up the township and the communities zoning offices or main office that the property is in and simply ask about what the rules are. 

It can be tougher to find all of this information on their county/townships websites but is possible if that area is up to date so overall I would recommend calling before doing anything or wasting any of your time.

Hope this helps and if you ever need anything don't hesitate to reach out! 

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Josh 

Welcome, @Luca Villani! 

Tons of bright minded individuals on here that love to help out! If you ever need anything don't hesitate to reach out! Cheers! 

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Josh

Hey @Josh Harper! 

I'd recommend taking the time that you have now to set up the systems for your business that you will need to have. Figure out what type of home insurance you will use for the deal, title company, lender, etc. 

Being an agent will help you out a ton with this since you will already have contacts but double check if their rates make sense for you and the investments your making. 

Otherwise, I would start practicing running analysis on potential deals that you see fit to the criteria you have. This way when you are ready to pull the trigger your numbers are spot on. 

Hope this helps and if you ever need anything don't hesitate to reach out! 

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Josh 

Welcome @Persephanie Arellano! 

Hi from Pennsylvania too! If you ever need anything don't hesitate to reach out! Cheers! 

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Josh

Hey @Charles Clark! 

If you are going to be purchasing a single-family home as a rental I would recommend being extremely conservative when running your numbers. This way then you will guarantee for what you can and can't make and will always be ready for the worst to happen. 

Otherwise, I am a leasing manager for MTRs and LTRs and furnished homes can rent for an astonishing amount more than just a regular single-family home without furnishings. Not only that, but they will target a different demographic entirely then marketing without furnishings allowing you to charge a higher rate than a stand long-term figure. 

Please feel free to reach out if you ever need anything and I hope this helps out! 

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Josh 

Hey @Micah Lundstrom! 

1. I wouldn't recommend buying any course until you talk to at least 50 people on this platform in the niche you are desiring to learn about. There are so many people that are here to give you a plethora of knowledge for free. 

2. Getting into Airbnb arbitrage can be tough if you don't have the right systems or team set up behind you. This is a hotel business keep in mind, not just "Airbnb arbitrage". 

3. What are your goals for REI? Where do you want to be in 5 years from it, what do you want to get out of it, and why do you want to invest in real estate?

If you start asking yourself these questions and building out a real business around the vision you have in mind there is no way you won't get what you want if you are consistent. 

I hope this helps and feel free to reach out if you ever need anything! 

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Josh