All Forum Posts by: Shaun Fogleman

About to close on my first STR in the Knoxville, TN area...what software(s) could we utilize to best manage it remotely? Is it worth the hassle of even trying to manage remotely and just hire out the management side of it? Any advice/tips would be great!

Thank you all for the responses. Yes I am analyzing remotely and have stayed in Gatlinburg/Pidgeon Forge/Knoxville areas before which has peaked my interest in those areas for potential STR investing. I have not spoken to other hosts yet, but have been trying to collect some LTR/STR property management contacts to see if they have any insight. Currently just have an agent I found through BP and a lender in that area that I've been bouncing most of my questions off of.

@Jonathan Greene @Bryce Jamison @River Sava 

Looking to get into my first STR in the next few months out in the Knoxville/Oak Ridge/Gatlinburg area(s)....I understand getting average daily rates, occupany rates, mortgage, saving for maintenance/CapEx. Are there any other expenses that I should be accounting for or any way to verify that what I'm analyzing is a solid deal? I've been using AirDNA, BnBCalc, and Rabbu for help analyzing as well. Any tips would be great, thanks!

Currently analyzing properties to purchase my first rental or BRRRR project. When projecting and estimating CapEx and savings for other expenses, is there a rule of thumb or guideline as to how much we should be saving out of the gross rent? Thank you!

So I'm finishing up building my fix n' flip team and the last on my list is a general contractor. What things should I ask during the first meeting to properly vet a GC? Thanks!

Hey BP family, 

My name is Shaun Fogleman, I'm 23 years old, and I am a new real estate agent in the Kannapolis/Concord/Charlotte, NC area! I work with Keller Williams in Kannapolis and would love to work with new and experienced investors! Not only am I interested in the sales aspect, but I eventually want to start investing in small multi-family properties. 

So I spoke to a potential mentor about 3 weeks ago on the phone for about an hour getting to know him and his business. I mentioned at the end of the call about meeting in person to talk more and he said he'd get back to me about being available, but I haven't heard from him since and I've tried to contact him via text and phone call but he has not replied. Should I keep trying to contact him or just leave it up to him to reply? Thanks. 

So I am a recent 2020 grad from college with a degree in Bio and after reading most of The Book on Rental Property Investing by Brandon Turner, I am hooked on real estate investing and want to get started ASAP. But, currently, I'm living at home and working at a place I do not see myself having a career in. I know in the book, it talks about keeping your job to help you save money for properties or if you already have cash flow from property, to just live off of until you have a sufficient amount of cash flow to quit your job. My other option is to attend school for Medical Sales in Fall of 2021 and have a guaranteed job in sales for 2022. So my question is: should I pursue medical sales as a way of gaining capital to invest into properties, or just start saving money now while I'm at home to invest in properties now and forget about the extra school? Thanks for whatever advice you can give me!