All Forum Posts by: Keith Mintz

Yes LA, NYC, the expensive areas, they can do well in because it solves affordable housing and creates more space for people to live by sharing a home...etc.

I have been testing it out here in Sacramento & now in San Diego, and it has done very well financially as an investment and really solves many problems for tenants. A big one that makes me passionate about this, is contributing to solving loneliness... A lot of tenants I get will vent to me about their lack of social life because they work and are mainly focused on career, that the only chance they get to socialize and make friends is with their new roommates at home. And of course rent is cheaper than an apartment. 

With so many STR popping up and house prices rising especially in places like San Diego with such an on-going demand to live in, co-living makes a lot of sense, I believe it is the future of real estate and housing.

No one really talks about co-living but it is a great way to increase rental income by 25%+ and turn your house into purpose. I have been doing it for the last year and it has had great results! It is fairly easy to set up, solves a great problem of loneliness, and generates more income than the average property. It feels full-filling to see my tenants building relationships because of the space we created.I think co-living is the future and it is way overlooked.

 Absolutely right, thank you!

 Great point, definitely something to keep in mind! Thankyou for sharing. Where do you usually buy property?

 Thankyou for sharing your thoughts. Good ideas. I see you are in Kansas & Missouri? I would love to connect with you and see how we can bring business to each other.

I have been exploring the opportunity for 1031 exchanges in this market being that prices and rates are fairly high. I think the best approach to real estate investing in this market is to exchange your rental properties for better generating income properties with creative investment strategies. I have been working with a few investors to do this.

I wanted to see what other investors may think and what their approach has been to investing in this market?

Oh no we have done all of the above. We will take over communications and conflicts when we need to. When there's conflicts, airbnb calls the co-host on file and if my phone doesn't pick up, it forwards to a VA. We didn't outsource these VA's, we hired them as employees and personally trained them. We met these VA's in person. So they are trained on handling these situations. But many times we are the ones on the call clearing it up with Airbnb. I am actually involved in the business and do the management, not an investor.

 Mid term rentals can work well, but location matters. They work best in downtown areas where most companies and businesses are, or around universities. I wouldn't suggest opening a mid-term rental just anywhere. If it is in the wrong location, it may be vacant more than you expect. 

 We have a simple offering. Full-service, client doesn't life a finger, we take care of cleaning, supplies, guest communications..everything...etc. We are cancel anytime and we have a standard rate and a discounted rate for clients who have 3+ properties that we manage. 

We have VA's that communicate with guests. If you want to remove negative reviews, you can call Airbnb/whatever platform and make that request. If guests damage something, they will be charged and if they don't pay, contact Airbnb/whatever platform and they will investigate it and may cover the costs.