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All Forum Posts by: Mike S.

Mike S. has started 8 posts and replied 30 times.

Post: How to takeover Subject to loan

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18

So if I understand sub to, you're basically assuming the mortgage. The owner doesn't really benefit much except for not having to pay a mortgage anymore?

Post: Investing in buffalo,NY

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18

@Matthew Irish-Jones Hi Matt I was looking at a duplex in Buffalo. Would love to connect and get your thoughts

Post: Property Management Poconos

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18

@David Wilding thanks David, old post from 2017 but thanks for looking out 🙌🏼

Post: Seeking CPA/Tax professional in NY

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18

Hello BP! I am from Long Island NY and looking for a new CPA/Tax Professional. I currently have one STR in another state and looking to add mid/to long term rentals in the near future. I would love to work with someone who is familiar with these 2 areas of investing. Hope to connect with someone soon and we can discuss more specific details.

Post: Refi Title Search Company Pennsylvania

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18

Hello! I am refinancing my loan and they require a title search of course. They quoted me $2100 that seem like its right or too high? Any recommendations would be appreciated

Post: Poconos STR - self manage or property manager

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18
Originally posted by @Megha Agarwal:

We just bought a property in Lake Harmony and were wondering what would be the best way to manage the property for STR. We are a 2 hour drive away from Lake Harmony.
1) Is it worth hiring a property manager? If so, any recommendations?

2) If we decide to self manage, what are the things we need to do / what team of people we need to hire? 
Any views would be much appreciated! 

Congrats on buying your first STR! So exciting :D I am also about a 2 hour drive from my rental in the Poconos and I self manage. I've put in all the systems to make managing it from afar a breeze. I usually head to the house once a quarter to check up on things and fix anything that might need to be repaired (and of course have some fun up there). Like the others have said, you'll want to integrate some software to help you manage your listing.

If you like some more information on managing, I started a concierge service there in the Poconos. I have a team in place that can help managing your rental very easy. Even if you didn't want us to help you manage it, I would gladly help with some pointers :) 

Post: Setting up a Short Term Rental

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18
Originally posted by @Bryan Lauth:

@Keith Robinson I just came across Mike S. of Autopilot Capital LLC who manages in the Poconos. Look him up. @Jonathan Dempsey - let me know if you set something up.

Thanks for the tag in this post! I would love to help if you are still looking for someone to help set up your rental. 

Post: Vacation Rentals in the Poconos

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18

Hi @Lorraine Patterson 

I've had my STR in the Poconos for 3+ years with good success. I did have my ups and downs but that goes for any place you buy a home. I've got my team in place and we are doing great. Please feel free to reach out if you have any questions. :)

Post: Poconos PA Short-Term rentals

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18

Hi Jephte,

Right now it's the shoulder season so most places are only booked on weekends. That is expected with a 'drive to' destination like the Poconos. It's a great weekend getaway! I myself have a STR there and am starting to take on new properties for my new Concierge service. I have my team in place and it's a well oiled machine. I've been renting my home there for the past 3+ years. I'd love to connect with you. If you like, you can send me a DM and I can give you some more information.

Post: Property Management Poconos

Mike S.
Pro Member
Posted
  • Rental Property Investor
  • Lindenhurst, NY
  • Posts 30
  • Votes 18
Originally posted by @Peter Amendola:

@Mike S. @Philip Koller

Hey guys- i'm having a hard time finding a reliable cleaner in the Poconos. I have a STR in Gouldsboro. Do you have any cleaner recommendations? Also, it seems extremely difficult to find a handiman that picks up the phone out there. If I find someone, I'll let you both know. :)

 Have you tried turnoverbnb? Also facebook groups are a great place to look. Look for Pocono Owner Airbnb facebook groups and post that you are looking for those people. Also I'm starting a concierge service up there and looking to take on new clients soon. If you are interested, you can send me a DM :)