All Forum Posts by: Sean Coffin

If youre in a good vacation area it can be worth it as rents can be 3x that of long term. Anywhere else is not worth the hassle.

Im also an STR owner in RI. Welcome!

With your impressive background in residential construction and 20 years in the trades, you’ve already got a solid foundation to transition into real estate investing. Partnering with an experienced investor is a smart move—combining your construction expertise with their real estate knowledge could be a powerhouse for success.

I love your vision of tackling the housing shortage and creating more affordable homes. It's such an important goal, and it’s awesome that you're thinking big. Plus, building a portfolio of multifamily units is a great strategy for long-term income. If you’re looking for some advice or connections, I’d be happy to chat and see how we can help each other out.

First off, congrats on your new property!

I’d lean towards being open with your tenants sooner rather than later, especially since they’re likely already anxious. By having those conversations shortly after you move in, you establish yourself as transparent and approachable, which can build a better relationship. Just be sure you’re clear on the legal obligations and timelines to protect yourself.

You’ve got time here since their leases are up in April 2025. Rhode Island requires proper notice for rent increases—usually 30 days, but considering the circumstances, giving them a heads-up now would help them plan and avoid surprises. You can also offer to gradually increase the rent (if feasible) or give them time to adjust, which can ease tensions.

Requesting to vacate is the trickiest part, especially with a tenant who might challenge you. While you could wait until the 90-day mark to give them official notice, I’d suggest talking to them sooner once you’re settled in, like a month or two in. You want to give them enough time to find a new place but avoid unnecessary conflict. If they’re going to be difficult, starting the conversation earlier gives you time to manage the situation.

You’re spot on with this approach. Having face-to-face conversations makes it more personal and less abrupt. Then, following up with certified mail and official paperwork ensures everything is legally binding and clear.

I have had clients rent out to students on college hill and make solid cash flow with little to no problems. 2-4 units seems to be the sweet spot for getting high rents.

Hello everyone,

Im looking for land in Maine to eventually build upwards of 10-20 tiny homes. Will be campground zoning. This is my first time doing something like this and was wondering if anyone has experience with a similar strategy?

Would love some tips on this approach thanks.

@Cody M. Im starting to research about the BRRRR strategy as well. Im current reading David Greenes book on BRRRR he does a very good job on breaking the whole thing down. Highly recommend this book.