All Forum Posts by: Kimberly Gopp

@Caroline C.

I’ll PM you a suggestion now.

@Larry Fried, I am here in jax and Happy to help :)

I self manage as well and a Realtor. PM me with details. We can pull this off, no problem.

@Matt J. have you considered shifting to furnished living/ monthly stays during winter season ? A Furnished finders listing could capture contract workers / travel nurses / telecommuters / relo’ing families on your off peak season. Using Airbnb for this wouldn’t work as a travel nurse with a 3 mth assignment potentially extending 3 more months would have to pay for their entire stay upfront. Same for a relocation family, they will

Move in with no idea on their departure date. Staying flexible to allow them to give you their move out date with a couple weeks heads up and then you would advertise for a booking after that date- giving enough time for cleaners to get in. Just a thought. There is niche out there and a demand for furnished rentals - you would advertise the property only when it’s coming available & not take reservations as there would be vacancy in between. Does that make sense ?

@Juan V Lopez

Are there opportunities in your area to house-hack a primary residence? Walkout basement unit, garage apt, in law suite?

Now your primary/liability produces some income.

Either way Juan, a quick glance at your profile lends me to believe you will do great things either way.

Your desire to give your father more opportunities in his retirement coupled with your ultimate vision, it is a noble one. Reciprocity will be your biggest reward I believe.

Let’s also throw out there that … A doughnut shop owner…this means you probably do more by 8am than grant cardone does all day. Ha!

@James Timmins

Condo fees do cover most expenses for running the building however when there are large cap x expenditures ie, roof replacement, repaving parking lots - structural issues that’s an assessment that gets divided by the number of owners and surprise!! Your fair share will be due. This could be upward of 3k per owner depending on expenditure. Thus do your due diligence on the condos financials and potential assessments.

@Andrew Dowling

FurnishedFinders.com

Good Luck !

Thank you @Joe Aiola for the mention- I hope your ventures are going well.
@Patrick Bijou, happy to chat with you and share my strategies- I sent you a PM. 
Business relationships would be great however, the chances of your unit being vacant until their employee/customer arrives is REAL. Taking reservations ( which i dont ) means there will be vacancy ( like airb). Lets say you would like to stay booked with little vacancy, then Advertise on CL - Create an Ad that identifies you as being a real person offering a real value. A company may respond, not likely tho but the good news is the caller will be the potential resident themselves- able to make the decision much faster. Having insurance companies/ nurse staffing companies, etc that call to inquire on the possibility of booking - by the time they work out the process on their end, I have already booked the unit. I am finding fantastic results after joining furnishedfinders.com recently - a sister company to cozy.co ( cozy.co is a payment portal plus more for landlords/residents- check that out)

Corporate Housing is a term used in a Business to Business relationship. Perhaps someone is in a leadership role with a company and gets a relocation package from thier employer. Chances are that most everything logistic wise is handled by a relocation company that has a database of furnished apartments they use. And chances are they are not going to call you and step out of their business to business network. You will get the call from the employee who got handed 10k to help with their relo (hopefully 10k taxed up :) and the employee is left to figure it out - And you are there to help them figure it out with your none corporate process and flexibility that they desire. I have had some relationships with a couple companies but again - I cant hold the unit vacant waiting on their booking dates. I advertise just before it comes available and book it with just enough time to get the unit cleaned. Most of my units are turned around in LESS than 24hrs. 
Let's couple that with the " work from home trend" and we are right on target with this business model! Happy to chat! 

Welcome to BP @Michael Bowen ! Sounds like you already learned some valuable lessons... I learn more everyday. Like this week... the new resident that comes in town to start his business and turns out the home you rent to him is the place he runs his business out of... a worm business. Wuhan, Riots & Worms... crazy times. Good Luck... you are on the right track - analyzing as many properties as you can and a deal will come your way. Happy to chat RE with you. Just finishing up my first BRRR now :)

@Deniqua Antoine  I would have started with small multifamily vice single family. Duplex's & Quads would have been the path. One roof, one tax bill, one yard care bill, one insurance policy while producing MORE THAN ONE stream of income. Much luck to you!