All Forum Posts by: Luke Masaschi

Hi there! I am currently looking for HML who would have interest in lending to a rural area in upstate NY. I have 3 other heavy rehabs in the past couple years in the area and can show great results as they are being rented. Thank you!

Hey guys I had a guest complain about plug in air fresheners. To me I never notice a difference and pick light scents just to keep my home smelling nice because its an older wood home in the country and sometimes gets a different smell to it that can be a turn off.

The guest lost it on me after arriving and said she had asthma and couldn't stand being in the house and wanted a full refund. I was nice enough to do so even though I say I use air fresheners and she never said anything before arriving.  She still left a one star review and airbnb refuses to remove it because it was her "experience" at my property even though I dont have a single other rating out of 30 thats below a 5.

Anyways does anyone have recommendations for better alternatives? I wanted to try essential oils / diffusers but those are a lot of work and cant function on there own. 

Thank you for the response and info! Im actually just finishing up on an ADU down the road at a different property so that may be a good indication if I can finish it quick enough to see results

I also was thinking of making the barn a combination of both and make it like a bar themed loft for a guys / bachelor trip and build the simulator in with the living room as it can double as a projector type screen for netflix ect. 

I need some advice, I continue to learn everyday, listen to podcasts, read ect but I still find myself unsure of what to do next.

Basically im 22 I have 3 properties I own that are STR and all BRRRR'S besides one that is free and clear due to it being old family land that was vacant but had basically a 500 squarefoot teardown on it. I used all the money I made from a highschool business in ecommerce and selling basically everything I owned to rehab it.

I ended up buying another house after a year or so as well as starting an arbitrage STR business with a partner.

I split the lot and am converting the stand alone garage into an ADU. This property cash flows before the ADU.

Now im about to graduate college I make more than enough to live on due to having another profitable business with a partner though I have some major personal life changes coming  that will take a lot of my income but I will still be able to save an amount I am happy with

In this position where should I go? I love doing reno work with the contractors I bring in as I can learn and know the ins and outs of the property but I also want to start getting into larger multifamilies or even just duplexes or low income. 

I guess im just asking for advice on where I should focus as im about to cash out of this current deal and pull about 45k in equity out safely as well as having 3 cash flow positive properties I just down know where I should focus with still limited experience. 

One of the big things is I may sell myself short thinking I cant get into certain things with my limited experience.

Thank you! Feel free to reach out or connect.

 I was leaning more towards that too, appreciate the feedback guys!

So I am in the process of acquiring a new property in a good area that is vacation driven in upstate NY. The house will cash flow but the property comes with a great newly built barn with a slab and all.

Now when my brother and I both left for college my parents had no use for a golf simulator that we had in our garage so they offered for me to use it at a property.

This would for sure add a lot of value to bookings but I cant decide if the $50 - $100 a night or so increase (just a estimate) is a better option than spending the 40-60k to turn the barn into an ADU / separate dwelling to add cash flow and equity to the property.

Does anyone have experience with these kind of things? How do you go about deciding whether to add large scale amenities vs another building or using the space for something similar. 

Any idea what New Yorks ADU laws are? I thought they also were pretty good. Thanks

In all seriousness you look pretty packed... much more than properties in the area. Im not sure what you are looking for but have you used airdna to look at the areas average occupancies month to month compared to yours? I would assume you are most likely beating the market. The only way I see you getting more bookings would be marketing off airbnb on a direct booking website. Shoot me a message I can try and help as I beat my market in the slow months by staying 80% full but I use unique pricing strategy.

Hey everyone, Ive been investing for a few years now and im finally going to attempt to scale quicker in the next few months.

Im located in Rochester NY and I would love to connect with anyone real estate related. 

A little about me is I own STR properties all over NYS and am always looking for lenders, partners, contractors, ect. I am also searching for an investor friendly realtor in the area as the realtor I have used in the past is retiring.

I am also looking to start to transition into long turn multifamily properties.

feel free to shoot me a message or if you know of anyone that would like to connect. Thanks!

@Christina B. Yes I use guesty I just meant on the sense of marketing and if its worth the time but Ive been wanting to open my own direct booking site.