All Forum Posts by: Tanner Morrill

 Julian is very beginner focused. I find his content too fluffy. AirBnb Automated on youtube (Sean Rakidtich) is much denser information and covers stuff I see no one else covering. 

Good points. I do arbitrage. I like having creative control over the interior design and taking all the upside. I have to train someone else in my business to step out of it and make it passive, or hire a property manager who hopefully manages as well as me. I'm opening to managing for others so I can build my own management arm and do arbitrage too. 

Sounds like you just want an STR manager (or cohost), not someone to just pay you flat rent and give you none of the upside (or risk).

thanks, both of you! If you have commercial lenders in that area I'm open to that connection. Thanks!

Hey BP friends, I'm working on getting to know Chattanooga, Clarksville & Huntsville MF markets to wholesale great deals. Can anybody put me in touch with great commercial lenders and info about MF cap rates in these areas? Thanks!

Hey BP friends, I'm working on getting to know Chattanooga SFH and MF markets to wholesale great deals. Can anybody put me in touch with a great commercial lender and info about MF cap rates? Thanks!

1) Typical property management. 2) Have you insisted on triple sheeting? (see youtube) It's the only way to go in my opinion. Most cleaners wash comforters very rarely (even in hotels), so this really helps. 3) Properly app requires photos after every cleaning, which might help. 4) Thank you for sharing your frustration so I can be a better 3rd party manager myself. 

Some housekeeping companies will do all the ground work for you. They probably won't be the cheapest service though. That would be my strategy. Properly is an app that shows (with photos) what housekeepers have done each cleaning. If you can get some trusted professionals like handymen on your team than you should be set. Maybe find a local long-term property manager who already has a team in place. 

All STR property managers I've heard directly from charge 20 percent gross revenue (which can be calculated slightly differently if they include cleaning and service fees and taxes), but I've heard of 10-50 percent.

Thomas, it's interesting how real estate investing and hospitality have began to blend in the last few years. I believe"arbitrage" takes a lot of similar skills as wholesaling. If you systematize your business I believe you can step away from the daily management, just like these giant companies have done (Sonder). I'm happy to partner with you on something or just talk about what's working and not working.