All Forum Posts by: Stephanie Walker

This is exactly why we opened Scaled LLC (a virtual operations agency)! We struggled HARD a few years ago to find the right person. It took months of interviews and trial runs. We now have a team that runs the backend of our PM company and RE company so I can focus on other ventures and business development.

Scaled takes the recruitment process out of your hands and we have a handful of affordable candidates that are already trained and ready to start in PM, accounting, customer service, etc. 

We work with a lot of out of state and out of country investors. Most of them come to me after they’ve selected a market after thorough research so I would suggest starting there, partner with an agent that knows what they’re doing and has the background to back that up, and find a PM company that will be ready to take the reins so you know what to expect in terms of expenses as well.

Get as clear as possible about what you’re looking for before wasting too much time with agents and PM companies. You’ll be bogged down with far too much information and will likely confuse yourself more.

Personally, I don't think a general blanket of X% Cap, COC, etc. works for different states/markets. There are just so many moving parts, expected equity gains, and other variables.

Time = money. 2.5 weeks for even just a quote on a few small jobs is too long. 

For context, I'm also a PM. It takes maybe 2-5 days to gather quotes typically. 

Amazon and Wayfair are our go-tos and we use our business discounts when purchasing for our MTRs or our clients'. What we purchase depends on reviews of what's on sale and what delivers fastest. Couches and dining sets are ALWAYS purchased at slightly higher quality - Rooms to Go or Ashley.

Well, in order to take advantage of her military benefits with her VA loan, she'd need to purchase the home with the intent to live in it for at least a year.

I hear great things about Columbus for both flips and BRRRs. But as with all things real estate, it really is going to depend on the numbers. How are you underwriting the deal?

I'm a Realtor, Property Manager and manage projects/flips for our out of state and out of country clients. Once you pick a market, reach out to local agents to see if they can manage the project for you (likely for a fee and/or signed listing agreement). Do your due diligence and make sure they have the experience in managing flips - it's NOT about just stopping by the house once a week. There's a lot more to it than that. I'm obviously partial to the Charlotte market and I love Greenville, Spartanburg and Columbia areas for flips too. I hear good things about Jacksonville FL and Colombus OH though Columbus may be more of a long term play BRRR strategy.

Are you listed on AirBNB? With recent news regarding CRS & AirBNB's partnership, I imagine more housing companies will follow suit. Have you housed any MTR guests yet or would it be your first guest(s)? If you have, reach out to previous guests and their companies letting them know your availability in case there is a need. I'd also consider posting on Zillow, though Zillow is a last resort for us. Our area tends to attract scammers who take our Zillow listings and post them on Facebook and I'm extra cautious with our properties obviously being furnished.

- PM of 50+ MTR Properties throughout the Charlotte region.

I have a couple of contacts! I'll send you a message. 

We work with a lot of out of state and international investors on their purchases and property management. To be honest, they tend to lean on me and my expertise to guide them on the areas I find the most success in. Of course, they do their own due diligence but if you find an HONEST agent and you know how to use online tools to check for crime rates, population growth, demand, etc., that's all you need.

For example, because I help them as a buyers' agent AND the property management side of things, I'm extremely picky with the properties. I don't want a property I can't fill later because our relationship carries well past the closing date.

I like Columbia, Greenville and Spartanburg SC for investments but often, the non-owner occupied taxes deter our clients from choosing SC over NC because it can greatly affect potential cash flow.