All Forum Posts by: Matthew Johnathan Newton

Hello, I on an authentic Canadian Log Cabin in the Blue Ridge Mountains of Georgia. I’m looking to switch insurers. Surprisingly a lot of companies don’t like ensuring log cabins. Does anybody have any good cabin vacation rental Insurance companies or brokers I could reach out too.  Any recommendations would be greatly appreciated. 

@Jack Cronin great pictures. They really sell the place. Good job!!

Hello, I’m planning on buying a 4 bedroom short term vacation rental in Blue Ridge Ga. I’m putting together a pro forma and was looking for realistic ballpark operating expenses insurance water electric…. And what is your occupancy rate?

Also what is your experience with property management in the area? Everything I’ve seen has them charging 30 to 35%.

Any recommendations will be very helpful.

@Michael Baum thanks!

@Luke Carl thanks!

Looking for some good reading recommendations on short term/vacation beach rentals. Or any specific episodes of the bigger pockets podcast on the topic would be helpful. Just looking to continue my research more before I take the leap in a few months.

My personal favorite real estate books is loopholes and real estate and building wealth one house at a time. 

What programs do you use to track your expenses, profits and losses for your various properties. I was considering Quick Books but am not a fan of the price tag. Is it worth it or is there something better?

@Herbart Ruiz I think that’s a great idea. Dm me your info and we can set it up.

@Niyi A I’m moving to Woodstock in the next few months and would love to hear what you find regarding the market.

Hey guys, I currently own 2 townhomes in North Carolina that I have run by a management company. Everything‘s going great and I'm loving it. Near the end of the year I'm looking to branch out and buy a 4-5br beach property in the Wilmington/Emerald Isle area of NC. I wanted some opinions from investors who own STR beach houses.

1: thoughts on property management. Are they worth it and what’s a reasonable normal fee. I will live about 5 hours away and I’ve been debating a property management company vs Airbnb with a trusted maid service.

2: what is the best way to guesstimate expenses like electric, Internet and things that will need to be renewed like TP and soap…..

3: I was thinking about taking a second home loan in my personal name and after a few months quitclaiming it over to my LLC. Has anyone had any issues with this method. 

4: if anyone happens to own a beach property on the NC coast I would love to pick your brain and would love it if you would DM me.