All Forum Posts by: Loren Polito

Definitely a great time to buy here. Although list prices haven't came down dramatically, the purchase price has. My clients have been getting houses $20-30K under appraisal price, so they're able to walk in the door with that equity on day 1.

I agree 100% and we have been seeing sellers way more open to negotiate on the small multifamily side. The equity and appreciation aspect of the San Antonio market seems to be overlooked in my opinion.

2 Votes

San Antonio, Texas

Quote from @Dean B.:

Hey All! Happy New Year! I was curious if any of you have any recommendations for Property Management in San Antonio Tx. We own 27 doors and our existing management team is really not performing like we'd like them to (to say the least). We are looking for a new reliable manager. All are MF properties, lower price points ($800-1100). Feel free to PM

Hi Dean,
I have a couple I can send over that I use personally and refer to clients as well. I’m originally from the Bay Area and was actually living in Petaluma until I moved to the San Antonio area a few years back.

1 Vote

San Antonio, Texas

Quote from @Sakis Panou:

Hi all,

I am a new investor, looking to expand my portfolio. I already have a property in San Antonio and I am looking for recommendations for Property Managers. I would love to find someone who is able to look after my tenant(s) in a timely manner, with long experience and is investor friendly.

Any recommendations, suggestions will be greatly appreciated.

Thanks in advance !

Hi,

I can send you over a couple of good ones that I use personally and refer out to clients. Good rates, communication, and contractors.

3 Votes

San Antonio, Texas

@Quinell Dixon

Yes sir! Happy to connect and answer any questions you may have on the multifamily market here in San Antonio.

0 Votes

@Ruben Beraza

If you have any questions on the small multifamily San Antonio market or good neighborhoods to focus on please let me know. I’m originally from the Bay Area myself and made the move out here a few years ago and couldn’t be happier.

2 Votes

San Francisco, California

Quote from @Valeria Barriga:

Hello everyone! Looking forward to connect with all of you, learn from you and work together. I live in San Antonio, TX and I would love to meet up for some coffee ☕️ or lunch 🥗 to share strategies and ideas.

Hi Valeria,

Have you looked into investing in small multifamily in San Antonio? It's a great market and I think there's still a lot more growth in SA for small multifamily.

0 Votes

San Antonio, Texas

@Michael Kammenzind

Please let me know if you have any questions on the small multifamily side. I can send you over a list of solid neighborhoods to focus on for investment and good places to live as well.

1 Vote

San Antonio, Texas

@Thu Hanna

Have you given any thought into small multifamily in San Antonio?

0 Votes

San Antonio, Texas

Quote from @Account Closed:

According to Re:venture consulting (Lots more detail at the article)

https://www.zerohedge.com/econ...

50% Crash in Airbnb Revenue reported in some Cities

But there are now signs that this trend of increased Airbnb listings might be coming to an end as the market reaches saturation in 2023, with Airbnb's CEO warning of a "booking slowdown". At the same time, vacation rental management companies reported a 13% drop in revenue per property in the first quarter of 2023.

Clearly, something is up, with the deluge of Airbnb supply over the last several years now intersecting with a recessionary slowdown in travel demand. A cocktail which is leading to a collapse in revenue for Airbnb operators across America.

The collapse is most notable in the Southwest and Mountain West areas of the country, where Airbnb revenue per listing is down 40-50% YoY. With owners in cities such as Austin, Phoenix, Denver, and San Antonio taking the hardest hit according to data from AllTheRooms.

Thanks for this info! I'm feeling it first hand here in San Antonio on the STR duplex I purchased. Luckily it's in a great area and I have already been to sell the furnishing and get long term tenants in quickly for a solid rate but it's crazy how quickly things have turned.

1 Vote

Quote from @Kelsey Van Wagoner:

I'm looking to purchase a property near Valero in San Antonio (hoping to stay within 15 minutes). We currently live in the Bay Area, CA but will likely relocate to San Antonio sometime soon. I want to purchase a property that we can rent short term in the meantime. We already have an Airbnb so I've got experience with that, but I'm open to other short-term options like travel nurses, etc. I'm not super familiar with the area so hoping to connect with anyone who can help. Since we will be moving there eventually I would want the house to be in a good spot for my kids to go to good schools. I'll be in San Antonio the 2nd week of July to check it out.

Hi Kelsey,

I made the move from the Bay Area myself a couple years back after investing in multifamily properties in San Antonio for 6 years or so before moving. We were in Fair Oaks for a bit then recently moved deeper into Boerne and we couldn't be happier out here. Great school districts and a wonderful town and just a bit north of Valero and UTSA. Good luck and let me know if you have any questions.

1 Vote

San Antonio, Texas

All Forum Posts by: Loren Polito

Loren Polito has started 0 posts and replied 93 times.

Post: Investors in San Antonio

Post: San Antonio MF Property Management

Post: Looking for new Property Manager

Post: San Antonio market

Post: Lets Connect: Searching Multi-Family (4-plex) as 1st Primary Residence in TX

Post: Interested in rental properties & ready to invest

Post: Looking for an investment opportunity in San Antonio

Post: San Antonio Questions

Post: 50% Crash in Airbnb Revenue reported in some Cities

50% Crash in Airbnb Revenue reported in some Cities

Post: Looking for property near Valero in San Antonio