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All Forum Posts by: Levi Dobson

Levi Dobson has started 12 posts and replied 69 times.

Post: Building a Successful Real Estate Career: Help Us Start out Right

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36
Quote from @Bruce Lynn:

#1.....block from day 1....4 hours....for calling...dedicate yourself to calling....that's the most important thing....and then fill in the gaps around it with your other activities....showing, paperwork, listing appointments.   Be know as the guy who is in the office at 7:30am...preping to start calling at 8am...no meetings, no trainings, no breaks, no coaching, no excuses for 4 hours....That's your habit.  That's what you do, That's who you are.  You're that guy.

Chances are better to do it in the morning.....probably 8am-12noon.  I hear some people start at 7am, but who wants to talk with a realtor at 7am.  Fight me on that.  Someone will.

Probably different times could work for the right person, but fewer of those people....you could do 12noon-4pm....or 3p-7pm....but I think that gets tougher...

 @Bruce Lynn Thank you for the advice. This is the approach I am going to start with. I like how simple and straight forward this is. I was starting to get lost in the million different ways to start out

Post: Building a Successful Real Estate Career: Help Us Start out Right

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36

Hello fellow agents,

I've been doing some research and it seems like there are a million ways to approach this business. I understand that building relationships is key and that it takes time to build a successful career as an agent.

As a new agent, I'm curious to hear from more experienced agents about what you wish you had done differently in the early stages of your career. What actions do you think would have exponentially helped your career growth?

I would love to hear your thoughts and any advice you have for new agents like myself. Let's share our experiences and help each other out in this industry.

Thank you in advance for your input!

Post: South Seattle STR

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36
Quote from @Michael Baum:

Hey @Levi Dobson, so on the month to month thing, you would then allow folks to have access to the whole house? People need to cook meals. It sounds like you are reluctant to allow that sort of interaction with your house.

If you are going to rent for more than 28 days in Seattle, you need to have a lease and do the normal vetting you would do with any long term tenant. After 30 days, the "guests" will have tenants rights which there are a lot of them in Seattle. You don't want squatters to be living in your extra room.


I rent out 3 bedrooms in my house at the moment. I live in one and have one that is unoccupied. I'm just trying to decide whether it would be worth turning the master into an STR completely separate from the house because I am not interested in co living with AirBnb guests. I was not aware of the 28 day law, I will make sure to remember that one if I do end up making it an STR! Thank you for the input, I really appreciate it!

Post: South Seattle STR

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36
Quote from @Sara Levy-Lambert:

Look up the awning airbnb estimator, plug in your address and select one bedroom and the number of guests you can have at a time, then you'll get an idea of the revenue you can take in. Look at comparable properties in the area and click in to see their individual seasonality performance.


 I will check out awning. I haven't heard of that one before. Thank you for the suggestion!

Post: Best Online Mentorship Programs/Courses for New Agents

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36
Quote from @Tyler Fontaine:
Quote from @Levi Dobson:
Quote from @Tyler Fontaine:

Thats good. Interview as many as you can. 

Ask them what kind of support can they offer?

Will someone help you with contracts?

Is there someone to help you "put out fires" on a sunday afternoon when you are in a time crunch?

Is there a niche that the agent/team focuses on in RE? Multi-fam Investments, Single Fam Homes, Commercial, etc.

Do they actively own and invest in real estate themselves or do they just do it as a job?

Does the agent/team continue to learn? What are they reading? Courses they take? Etc.

Ask yourself, Does this person live a life I want to live and operate a business how I want to operate a business in the future? If the answer is no - they aren't your people.


 I have applied to a few brokerages and it seems to be taking a while to get to that interview. I know I am impatient haha, is there any other way you suggest to bridge that connection? I've tried texting/cold calling a few agents at brokerages that I am interested in. Some have been helpful, but others seemed uninterested helping out. I'm usually pretty good about sending a text before straight up cold calling. Any thoughts on this?


 Yea, thats confusing to me. In my market it was fairly easy to at least get the intro with some agents who pointed me in the right direction to start interviewing brokerages. 

You could start with big box national brokerages in your area. KW, C21, REAL, Remax, Mott Chase, etc. They usually are letting almost anyone hang their license with them. However, they may have top agents/teams who are growing and recruiting. Those are the people i'd be trying to make contact with. Plus you can ask them who are some other big players in your area and they should be able ot give you guidance/make a warm intro etc.

Next, I'd focus on the investor groups and realtor meet ups in your area. Tell people you're licensed and looking for a brokerage. SOMEONE will definitely help you out and get you in touch with the right people. Also join the FB groups and ask around in those. It could be worth asking the school who got you licensed who they recommend and if they can make a warm intro for you.

Other than that, seriously just walk into some of these brokerages. Introduce yourself and see if they are hiring, know someone who is, etc. 


 I've been focusing on investor groups and am feeling like I am finally getting somewhere. I've have a few scheduled calls set up and have a two yesterday. Thanks again for the suggestions! Finally feel like I'm getting momentum.

Post: South Seattle STR

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36
Quote from @Michael Baum:

Hey @Levi Dobson, south on Rainer avenue?

The big issue I see is it is a room vs a whole studio. No kitchen correct? Are you going to allow access to the rest of the house.

Plus the area has a fairly high crime rate. What will bring people to your STR?


There would be no kitchen. I would not allow access to the rest of the house as, but would allow access to backyard area w/ patio/fire pit/hot tub. 

There are some local parks that are nice, there are flight tours at the airport a minute away, shopping, great foodie area if you are willing to drive out ten minutes, twenty minute drive to SeaTac Airport. There is nothing especially exciting about the area. It could be a more affordable option than renting in the city... Might just rent the room out month to month...

Post: South Seattle STR

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36
Quote from @Dennis Nguyen:

I don't have Airbnb's in that area but Other tools you can check out are AirDNA or Rabbu to look at price Comps! Like Emily mentioned Pricelabs is also a great tool to utilize once you have your unit up and running. It will adjust the prices accordingly to maximize your revenue.

I will sure to check them out, thank you!

Post: South Seattle STR

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36

Have you done any searches on airdna or pricelabs? We have a monthly subscription to  pricelabs to help us set our range. If it’s not booking, you adjust!

@Emily Hazard I have not, I was not aware of these tools. I will definitely check them out! Thank You!

Post: South Seattle STR

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36

I'm considering making the master bedroom in my home an airbnb. I can easily add a direct entry from outside and close up the existing one to the remainder of the house. it's approximately 300 square feet with a master bath. I'm South Seattle, along Rainier. I was looking at other "studio" airbnbs in the area renting for about $60 - $100 per night. I'm not sure if it would be worth it being that I'm still 20min from downtown. Anyone have airbnbs in South Seattle/Renton area that can speak to this? - I guess my main concern is the location and vacancies...

Post: Introductions - Anthony Dohman

Levi Dobson
Pro Member
Posted
  • Posts 69
  • Votes 36

@Anthony Dohman

Welcome to the BiggerPockets community! This in my opinion the best platform to connect with like minded investors. Search the forums for any questions you have, or ask and you will get an answer. Best of luck on your future investments!