All Forum Posts by: Stephanie Walker

We tried this in the Charlotte market. The owner of the property who brought the idea to me is actually a Pilot himself - so you would think it might bring in more potential tenants/guests due to his network. However, we ended up catering to other niches altogether. There just wasn't a lot of demand for airline employees despite our network, location and international hub. 

@Sas Sel There are a ton of opportunities here in Charlotte. I'm a Realtor but I also own a Property Management company and am an investor in this market. 

The growth here has been steady and our rental market is strong. We're only projected to grow more - and in further areas outside of the city. Personally, we own 4 investment properties in Gastonia about 30 mins West of Charlotte. We manage properties that are as far as an hour and a half from Charlotte - none have issues as far as vacancies or tenant inquiries for long term rentals.

Right now, I really like Shelby, Hickory and Statesville for up and coming, affordable point of entry areas. Steele Creek if you're looking for something that's more expensive but less "risk". 

Hi! I'm a Realtor and PM in the Charlotte NC market. We've started doing co-living at one of our personal investment properties to try it out. To be honest, the situation kind of fell into our lap - it was not necessarily all by choice. 

On top of being a Realtor and PM, we own a couple other businesses. One of those businesses needed employee housing in our local market. (They are subcontractors - not directly our employees). Subsequently, our friend/tenant had just broken up with his GF and now had the space and needed the help with the rent to stay in our property. He is our designated "house manager".

House rules include no smoking, labeling products in pantry and fridge, assigned parking, "quiet hours", assigned laundry days, biweekly room checks (to ensure a reasonable amount of cleanliness), etc. We have them all sign and it's the house manager's job to enforce on the day to day. Our rental agreements allow for a 7 day notice to vacate and expedited eviction.

Biggest challenges are honestly dealing with so many different personalities in one household. We hadn't had any issues and it helps that they all work together and have a level of mutual respect between sharing bosses and landlords. 

@Abhishek Namani there are several brand new homes in the Charlotte market that cash flow or at least cover it's own costs 1:1 even with expenses accounted for. I would look at another deal. 

That depends... What is your strategy? Are you looking for someone to help you identify a good deal for a flip or BRRR? Or are you looking for someone to help mentor you for a turn key rental? Or something in between? If it's for a rental, STR, MTR or LTR? If you will be hiring a PM company, the PM company can help you run analysis on the potential properties for free.

I (and probably most other investor agents) offer consulting services but I'd get really clear on what kind of mentoring you're looking for before hiring someone so you don't waste your time or money. 

I don't do any wholesaling or cold calling personally but I've seen several people be successful at it in different areas of the industry. 

I manage 50+ MTRs in the Charlotte market and have furnished at least half of them. Mattresses are tough because not every guest will be happy with it. We tend to use medium firm hybrid mattresses. We go for higher end Nectar mattresses if it makes sense for the home and location. 

For sheets, we get the 100% Cotton California Den brand on Amazon. Guests love them so much they often take them with them 😅

Hi Ignatius, I own a remote staffing agency (as well as RE & PM firm) and we have an experienced cold caller on our roster. Happy to chat about your needs. 

Hey Joe, I own staffing company called Scaled and can assign the phones to someone. It wouldn't need to be an hourly fee either. I feel your pain on that! Feel free to send me a message.

Doesn't sound like a deal at all to be honest. Is this a value-add deal that you intend to renovate and refinance? Or is this a turn key property?