All Forum Posts by: Nicole Heasley Beitenman

This group was established to help real estate investors and other real estate professionals in the Mahoning Valley grow their business through networking. We meet on the 2nd Wednesday of each month at Buffalo Wild Wings in the party room (ask the hostess if you can't find us). While you are welcome to bring your deals and services, there will be no sales pitches by the organizers. Our only aim is to help build connections within the Youngstown real estate community.

We welcome current and aspiring real estate investors, contractors, agents, lenders, and anyone else who could benefit from connecting with like-minded individuals.

There is no structure or agenda--simply come in, grab a drink, and a grab a seat next to some one new. Bring your questions, your deals, your business cards, your contractor recommendations, your needs, your best practices, your experience, your lack of experience--whatever you have (or don't have!). Find a partner, a mentor, or just a new friend. Share, learn, and grow.

Join us on Facebook to continue networking outside of events! https://www.facebook.com/groups/ytownreconnectors/

This group was established to help real estate investors and other real estate professionals in the Mahoning Valley grow their business through networking. We meet on the 2nd Wednesday of each month at Buffalo Wild Wings in Boardman. While you are welcome to bring your deals and services, there will be no sales pitches by the organizers. Our only aim is to help build connections within the Youngstown real estate community.

We welcome current and aspiring real estate investors, contractors, agents, lenders, and anyone else who could benefit from connecting with like-minded individuals.

There is no structure or agenda--simply come in, grab a drink, and a grab a seat next to some one new. Bring your questions, your deals, your business cards, your contractor recommendations, your needs, your best practices, your experience, your lack of experience--whatever you have (or don't have!). Find a partner, a mentor, or just a new friend. Share, learn, and grow.

Join us on Facebook to continue networking outside of events! https://www.facebook.com/groups/ytownreconnectors/

BP also provides state-specific leases to pro members. You don't have to tweak much to take a traditional LTR lease and make it fit an MTR or month-to-month setup.

Jonathan! It's been a while since I've "bumped into you" here on the forums. I hope you're well.

Thanks for the solid advice. This was a property in an area my family loves to vacation in because of family ties to the area. The goal was to own a house we could use seasonally, and the rents would cover the expenses. After talking to two realtors with intimate knowledge of the area, we learned that STR rents and annual occupancy are just too low to even cover the PITI of properties in the area, let alone maintenance, supplies, lawn care, snow removal, etc. So it's on the backburner until we can easily afford the payments and maintenance on a property in that area and enjoy a little subsidy from seasonal rents.

Hi BP fam--I'm trying to analyze my first potential STR deal. When rents and occupancy vary as seasons change, how do you average that out to enter it in the calculator?

Who is your target? If it's traveling workers, they won't care. If it's families, they might find that inconvenient, but I don't think it would be a deal breaker.

In addition to these resources, a local REI meetup is always a great place for market-specific information.

I also want to caution you against condos. You need multiple exit strategies because the condo association can restrict or outright eliminate your ability to rent out a condo regardless of whether its an LTR, MTR, or STR.

This group was established to help real estate investors and other real estate professionals in the Mahoning Valley grow their business through networking. We meet on the 2nd Wednesday of each month at Buffalo Wild Wings in the party room (ask the hostess if you can't find us). While you are welcome to bring your deals and services, there will be no sales pitches by the organizers. Our only aim is to help build connections within the Youngstown real estate community.

We welcome current and aspiring real estate investors, contractors, agents, lenders, and anyone else who could benefit from connecting with like-minded individuals.

There is no structure or agenda--simply come in, grab a drink, and a grab a seat next to some one new. Bring your questions, your deals, your business cards, your contractor recommendations, your needs, your best practices, your experience, your lack of experience--whatever you have (or don't have!). Find a partner, a mentor, or just a new friend. Share, learn, and grow.

Join our Facebook group to continue networking outside of events: https://www.facebook.com/groups/ytownreconnectors

I'm coming up on my first year of operating an MTR. I can't see what you would need a course to teach you that you can't learn by reading 30 Day Stay; listening to the BP podcast episodes with Sarah Weaver, Zeona McIntyre, and Jesse Vasquez; and hanging out in MTR forums/Facebook groups. I did have experience operating LTR's to bring to the table, but even if you don't, it's not that much more complex. The biggest hurdle I see with arbitrage is developing a pitch to use when approaching landlords, which you can probably do with a little research on BP and ChatGPT. I strongly recommend getting involved with your local REI meetup groups so you can work out your pitch with help from other landlords.

I hope this doesn't come off the wrong way without tone or facial expressions behind it. I'm not saying it isn't challenging or hard work because it definitely is. But it isn't rocket science either. 

Excellent insights @Clayton Silva. I don't miss this part of being an MLO. The most exhausting part of talking rates with buyers was trying to get them to understand why it was in their best interest to buy when rates were higher and competition was lower. Getting a 6% instead of a 6.5% doesn't save you squat if you have to bid $30k over asking with an appraisal gap and then replace the roof 6 months after you buy the property because you had to waive the inspection.