All Forum Posts by: Matthew Masoud

Thank you! I am listed on Furnished Finder, for almost two months now. Unfortunately. haven't had much success, as I have yet to receive a direct booking request. I have received two general housing requests, but 98% is unmatched housing requests, to which i've responded to all, regardless of whether it matches up or not. 

Do you use FF message, or do you text/email the client off the platform? 

Hello everyone! My husband and I are investors and have 3 doors in Los Angeles - all LTR. We're interested in STRs, but given the current interest rates are nervous about having to keep an STR afloat if/when the property isn't performing well. We are considering putting 40% down with a conventional mortgage to ensure that we can make payments on a bad month... and wondering, does this ever make sense?

For some background, we'd be pulling this capital from a stock portfolio in which we are very over-invested in one industry, so my husband is eager to divest a good amount and put it in RE. 

TIA for your thoughts and input!

Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you

 Yeah, that's what I have been thinking of. I don't feel there would be much for the property manager to handle, but at the same time, I am afraid that I may not know enough to make the move. 

How do you pay your pm? A rate per room, per guest, per issue, or a flat rate per month for the entire house? What if the manager is out of town for vacation? thanks

Hi Matthew, 

May I ask how you manage room-by-room rental in California remotely from Ohio? Do you hire a MTR property manager? I'm in a similar situation but need more inputs to figure out if it is feasible for me. Thank you so much.

Quote from @Matthew Masoud:

This is my P/L from a 6-unit property in Dayton, OH for July.

All 6 units have been converted to MTR.

C-Class area near major hospital (believe it or not purchase price $210k) Cap Rate: ~31%

We have 32 units in this market. Just goes to prove MTR works in small markets too

*Water is paid quarterly.

Thanks for sharing, returns look great. That isn’t how caprate works though, maybe you mean Cash on Cash? Caprate is more of a market term, where a lower number is a less risky property or asset class and a higher number is a more risky asset class. While MTR would be considered a more risky class then LTR, 32% caprate would generally mean the most risky dangerous place on earth

But congrats on your success!

I’m currently living in a duplex with the other side empty and undergoing renovations. The current landlord is planning to sell the property soon.

As a prospective new owner, how likely are you to keep current tenants if they have been endorsed as good renters by the current owners?

I know the other side will likely still need some repairs and updates, so I’m hoping most prospective landlords would be glad to have one side already occupied by a good tenant. Just wanted to see how a landlord would feel about it.