All Forum Posts by: Matthew Masoud

Hi can you tell me what are D areas I’m looking to invest in zip code 45405 it’s in Montgomery county also can you recommend some good zip code or county to invest in thanks

45405 and 45406 are indeed D class areas.

How about 45402 and 45403? Looking at two rentals there. Thanks!

45402 things start to get better. Personally I avoid this area:

There are pockets in here where you can certainly make money but I had some bad experiences all over there.

Thanks for the info/insight. The 2 properties are rehabbed and my contact is selling them for 110K each.

What tools do you use to decide whether a neighbourhood is C or D etc? Crime sites?

Mostly experience. I used to own there. Talking with other landlords. Driving through those neighborhoods. ect.

1 Vote

Dayton, Ohio

Quote from @Rolly Weaver:

Matthew, Would be interested to see your site for direct booking.

I'm in the process of making a site for our Cabins off Airbnb right now.

Nothing too Special. My property management software creates it for me.

book.suprcap.com

1 Vote

Quote from @Jay Black:

Quote from @Matthew Masoud:

Quote from @Denita Isaac:

Quote from @Matthew Masoud:

Be careful to avoid the D class areas of Dayton. I made that mistake when buying in Dayton from California.

Hi can you tell me what are D areas I’m looking to invest in zip code 45405 it’s in Montgomery county also can you recommend some good zip code or county to invest in thanks

45405 and 45406 are indeed D class areas.

How about 45402 and 45403? Looking at two rentals there. Thanks!

45402 things start to get better. Personally I avoid this area:

There are pockets in here where you can certainly make money but I had some bad experiences all over there.

1 Vote

Dayton, Ohio

Quote from @Theresa Holl:

Love this. OTA dependence is so risky and Airbnb doesn't care what happens to any individual host. Plus, with your own website, you can run Google Analytics to analyze and leverage your traffic as well as a blog for SEO. You can also step up your content game with 3D virtual tours, drone videos, etc...

Yup. Also with the right insurance you can take guests off Airbnb if they'd like to extend their stay or come back in the future.

1 Vote

Quote from @John Underwood:

I only get a few Airbnb bookings per year. Vrbo is king for us.

Interesting. what market is this?

0 Votes

Quote from @Garrett Kroll:

@Matthew Masoud can you share how you’ve been able to build up your direct bookings so successfully?

Our main drivers of direct bookings is Furnish Finder, Google Travel, and repeat guests or guests that would like to extend off airbnb

0 Votes

From my 12 listings last year I had 37% of our reservations come from Airbnb.

With high fees and the grip Airbnb has around your neck my goal for 2024 is to get it down below 25%. At the same time, I want to take direct bookings from 41% to 50%.

This is your friendly reminder not to rely on any single platform to run your short-term rental business.

As the short-term rental space continues to get more saturated your ability to adapt and get your listing more exposure is was will keep you profitable. I see too many of my fellow STR/MTR investors relying solely on Airbnb. They post it there and pray for bookings.

Dont be complacent

3 Votes

Quote from @Julie Christiansen:

Hi Matthew -

Do you mind sharing the tertiary market in NC that you are looking at? I'm interested in NC as well. Thanks!

Julie

Greensboro

0 Votes

Tampa, Florida

Quote from @Robert Ellis:

Quote from @Matthew Masoud:

Quote from @Kathy Chang:

Congrats on the deal, I'm looking also in OH since SoCal (where I'm also at, as you know don't have deals like that). Of all the larger towns in OH, why did you choose Dayton? I'm looking also in Columbus. What search criteria did you use to find this property? And was this an off-market deal or listed? Thanks!

The Columbus market has already had massive growth and I had trouble finding good deals due to the demand. Dayton had a lower price point and less investors competing.

I actually found this deal off market by emailing the owner. My first off market deal.

you spelled columbus wrong in your title. you sure you looked in Columbus? See below! ... only joking but look at different strategies. Building is one way to do that. Purchasing land. In columbus it is a buyer's market for land and easy to negotiate favorable terms and then design the house needed.

Haha thanks for the point out

0 Votes

Dayton, Ohio

Purchased a vacant dilapidated retail strip plaza in New Port Richey, FL right outside Tampa.

Purchase Price $300,000.

$200k seller financed at 10% interest. $100k down payment.

Repair costs: Est: $88,000 Budget: $106,000

Roof/gutter repair, landscaping, parking lot repair, electrical repair, Interior work including bathrooms, drywall, mold remediation.

After repair value: $900,000

The plan is to do a 50% cash-out refinance. Pull out $450,000. Pay owner finance note for $200,000 and walk away with $200-$250k and still have a cash-flowing asset.

3 Votes

All Forum Posts by: Matthew Masoud

Matthew Masoud has started 41 posts and replied 315 times.

Post: Investing in Dayton

Post: What Percentage of your reservations come from Airbnb?

Post: Investing in Dayton

Post: What Percentage of your reservations come from Airbnb?

Post: What Percentage of your reservations come from Airbnb?

Post: What Percentage of your reservations come from Airbnb?

Post: What Percentage of your reservations come from Airbnb?

Post: Are STRs & MTRs a thing of the past...

Post: 10-Unit Multifamily BRRRR Infinite Cash on Cash

Post: Retail Strip Center BRRRR Infinite Cash on Cash Return