All Forum Posts by: Matt Guignon

Hey @Jack Stovall I am an agent with The Gellman Team Powered by EXP as well as a local investor. I would love to connect and hear more about your goals, and find that dream homes. Now more than ever it's critical to work with top teams and agents in this competitive landscape. Look forward to chatting. 

@Beatriz Casarez I am a local investor in St. Louis and would love to be a resource if you have any specific questions. We work with a lot of out of state investors and have the boots on the ground to help find, rehab, and mange deals. St. Louis is a great market for cash flow and has a robust stock of small multifamily properties. I look forward to connecting and providing more insight to the market! 

@Quentin Jivery I am an active investor in St. Louis and would love to serve as a resource. We work with a ton of out of state and international investors serving each facet of the investment process. From Acquisitions, to rehab, and of course managing properties. Furthermore, we also have offices in a few other mentioned markets that struck your interest including Memphis, Nashville, Chattanooga, Columbus, Toledo, Little Rock, Atlanta, Orlando, and more. If you're looking for resources or to assemble teams out of state I would love to connect and answer any questions that may arise, specifically about the St. Louis market. Best of luck as you identify your markets and embark on the out of state investment journey. 

@Alex Bekeza Welcome to the St. Louis market. I am an active investor with 30 doors in the area. If you're ever looking for property management, general contracting, and boots on the ground I'd love to connect. We work a ton with out of state and international investors looking to grow their portfolios. Also offer services in other great cashflow markets such as Memphis, Little Rock, Atlanta, Columbus, Jackson, Nashville, Huntsville, Birmingham, Orlando, Tampa, Sarasota, and more. 

@Neel Iyer St. Louis MO can definitely achieve or exceed the 1% rule for cashflow, even in some pretty decent areas experiencing appreciation. Although the population is flat or declining, the affluence of the city is actually going up. Many of the people in the most depressed areas of the city are moving away for better opportunities, however younger white collar workers are moving in due to affordable housing, low cost of living, and a robust startup environment. Another poster mentioned that rents decreased year over year, which is materially inaccurate. St. Louis did not experience 20-40% rental increases like some markets, but we did see an 8% increase from 2020-2021 and a 3.3% increase from 2021-2022. If you're looking for a full service partner in St. Louis please do not hesitate to reach out. From acquisition, to general contracting, and property management, I'd love to serve as a resource if you'd like to learn more about the investment opportunities in St. Louis, which was just named as the best city for new college graduates! 

The $100,000 is just the policy. Obviously not the case with this particular example. Good feedback, I guess it also depends on the tenant class you’re catering to. An eviction without missed rent in my market is about $750. 

But proper screening and tenant placement can mitigate much of this concern. I suppose this may cater more towards the accidental landlord or mom and pop that are trying to mitigate all risk and headache while waiting for appreciation or reaping tax benefits. For the cash flow centric investor I agree it’s quite the price to pay 

And the price of evictions I suppose? Our area an eviction takes about 60 days and runs $600-$1000

General question to all the landlords out there. Much of this business is a constant game of running cost/benefit analyses. Let me know your thoughts on this one. Would you opt for this voluntary service? Rent Protection states - For the price of 1 months rent divided and billed over a 12 month period you get payment protection. For whatever reason, if your tenant stops paying rent the property management company would continue to pay the owner on their behalf as the PM worked out a solution with the tenant on the back-end. If tenant needed to be evicted as a last resort the owner would also not have to pay legal or processing costs. If rent was $1,000/month the owner would be billed an additional $83.33/month for this "insurance" which would provide coverage up to 11 months or $100,000 of lost rent. What are your thoughts, do you see the value in this type of product or would that eat away too much of your cash flow? Looking forward to hearing your feedback! 

@Scott Schirmer Sounds like you're off to a good start forming the team. I sent you a DM with a little more info. Look forward to staying in touch

I am a local real estate investor and full time professional in St. Louis, MO. If anybody is interested in the multifamily market her in STL I'd love to connect and serve as a resource. We have a robust stock of small and midsized multifamily properties that cashflow very nicely with an attractive price to rent ratio. I hope to connect with some of you and help anyway I can in St. Louis!