All Forum Posts by: Shanai Rogers

@Savannah Wallace Savannah I appreciate your advice so much!! I did not know about this strategy, I will for sure look into this alternative approach. Yes I do provide guest services in some way and I do set the locations up myself at this time. I will for sure do more research about a good entity structure. I am taking a class on this topic and all of your advice is very very helpful, thank you so much!! 

@Miguel Del Mazo Hello Miguel!! Yes, I 100% agree. I do plan on owning as I accumulate income with my profit from MTR. I do not think using this strategy alone is smart either. I am planning on owning properties and using four other strategies outside of MTR's

@Don Konipol thank you so much Don!! This information was extremely extremely helpful. In your opinion, since landlords require a personal guarantee, realistically speaking I will be personally guaranteeing forever? No matter how largely I scale my company? 

 I am looking into Florida as well! Busy areas are always good. I would research how many level one trauma hospital they have and you can go on furnished finder and act like you are looking for homes in that area to stay in that city and see how many places they have as well as the average price point! If there aren't many homes then its probably an undersatured market. Try to also research travel nurses in particular as they are usually the main type of professionals that stay for a min. of 30 days. Market to more of course (insurance relocation, etc.) but see how many level 1 hospitals are in Orlando and look into the neghborhoods close to them 

@Shanai Rogers I would also recommend getting the apartment or home through an LLC. Not too many management companies are okay with it but you will find some that will work with you!

@Joe S. I had three. I am currently working on my credit so I can acquire more funding by personally guaranteeing with my business so I can scale quicker. To find good locations I look for states that have level 1 hospitals (trauma) and within 5 miles of them. I am looking into Vegas Oklahoma and Kansas as well as LA next. Jesse Vasquez is a good person to look at for info on YouTube 

@Joe S. Not purchasing but renting and then renting to professionals mainly travel nurses (furnished finder) typically two bedrooms but a one bedroom for sure can still generate a good amount of ROI for your first one. Furnishing and first months rent, deposit app fee should be 10K or under

I would invest into medium term rentals and continue to scale with the earnings and any other Investments that I come across

@Bill B. Thank you so much for your advice and input. I truly appreciate it. My biggest reason why I want to do this is because I want to separate my personal from business in every way possible because I feel like it's the right thing to do. I also don't think that an extremely successful company would keep using their CEO's personal name to Guarantee for items or to personally guarantee for units. I don't think a development company or an investment company would use this strategy. So, I guess I'm just wanting to figure out how people are maneuvering around this? I know a lot of the times landlords do know about it. at least with some of the people who are doing this I spoke to, or of the people that I have researched, I have seen that they are informing the landlords of what's going on. But you are completely right, that does give them a reason to increase the rent and just take advantage of that information. At the end of the day it seems to be a double edge sword so for me I'd rather just not be held personally responsible or just not have my personal name mixed in my business because I feel like it is just way more appropriate and professional when looking to build a large company. When I previously did have an apartment leased under my business name, they knew what was going on, but they did not serve me any notices. A large part I think is because of the fact that it was under my LLC name. I've also worked in property management and we have leased multiple units to one company at one time, and we knew because their website, etc. listed what they were doing and we kind of swept it under the rug and acted like we didn't have a clause in the lease agreement saying that that's not OK to do. So I think it just depends on the landlord and like you said, I think I just need to find a mom and pop landlord or just t when starting back up or be honest once I start to scale. Thank you for the info

@Mike Grudzien real estate in general is risky. Work a 9-5 your whole entire life and do nothing else if you are worried about risk.