All Forum Posts by: Tom Donnelly

Hi BP community!  My business partner and I started a short term rental management company at the tail end of 2018 and are looking to connect with others who work in this space as sort of a mastermind to bounce ideas off of.  We've hired on full time VAs, part-time cold callers, account management and accounting.  All the stuff you don't learn how to do in a course but slowly figure out if you're building a full time business in this industry.  We're not looking to sell or promote anything.  We want to connect with others in this space who have at least 10 properties that would like to be a part of our monthly virtual meetup.  Please reach out if you're interested.

Hi Investors - Is there anyone that invests in Omaha that can recommend a good property management company for 6 units?  

Hi investor community,

I have an opportunity to get around 20 apartments in a handful of smaller markets in Texas (Lubbock, College Station) and would like to list them as corporate rentals.  I have a few of them listed on Airbnb but am looking for ways to increase occupancy and revenue during the slower months.  Has anyone done something similar with their units and can you recommend listing sites for these smaller markets?  I've looked into CHBO and a few others but they seem to cater towards larger markets.  

Thanks,
Tom

Hi investors - I'm interested in connecting with property owners who understand the benefits of short-term renting their properties for extra cash-flow. Our company signs master leases and cohosts properties on Airbnb and multiple other platforms to increase your annual rent revenue. We average 1.5x-3x more in cashflow than what placing a long-term tenant would generate. We take care of the entire process (maintenance, cleaning, inspections, managing listings) and only place tenants with a great track record of renting. Please reach out if you'd like to discuss. We can run a quick analysis on your property and determine if a partnership makes sense. 

Please reach out if you're interested.

Tom 

@Jeremy A. You can definitely do it yourself.  We offer a service for investors who don't want to deal with the listings, guest screening, guest management/interaction, coordinating cleaners and then rinsing and repeating.  A handful or our properties have come from mom and pop hosts that grew tired with the process because it was to hands on.  

We can also do this in any part of the country so if your property is out of state, it may be too much of a hassle depending on how much work you're looking to put into it. 

Tom 

Hi investors - I'm interested in connecting with property owners who understand the benefits of short-term renting their properties for extra cash-flow. Our company signs master leases and cohosts properties on Airbnb and multiple other platforms to increase your annual rent revenue. We average 1.5x-3x more in cashflow than what placing a long-term tenant would generate. We take care of the entire process (maintenance, cleaning, inspections, managing listings) and only place tenants with a great track record of renting. Please reach out if you'd like to discuss. We can run a quick analysis on your property and determine if a partnership makes sense. 

Please reach out if you're interested.

Tom 

Right on @John Underwood.  Do you run all of your units in the same area or are they spread out?  The hardest part we've run into when we break into new markets is finding good cleaners with referrals to back them up.

@John Underwood I agree, a few properties can be easy to handle on your own if you understand the process and don't mind the management!

Hi investors - I run a short term rental management company that helps turn properties into Airbnbs.  I most recently switched up my business model of signing leases and started cohosting properties because it was less risky for the business and we've been able to help generate more cashflow for landlords.  While we could offer $100-$150 more per month in rent, we can often generate $250-$600 more in revenue by cohosting.  It also allows us to keep more cash on hand because we're acting more like a manager and less like a tenant (no deposit/first months rent).  Landlords who understand this model have made more with us and are great partners to work with because they understand revenue will sky rocket during high months and be lower during slower months.  It's still a hard sell for many landlords and they want a signed lease because that's the way they've always done things.

Are there landlords out there that have been approached by companies like mine, and would it take for you to get on board with a cohost model?  Would love to hear your thoughts and ideas.

Tom 

Hi BP Investors - I'm looking to connect with property owners that are looking to increase their cash flow by turning their investment into a short term rental.  My company, Kaizen Rentals has a streamlined process to get your property up and running professionally within 7-10 days.  We will optimize the pricing, get professional photos, handle the tenants, cleaning and will furnish your property.

Please reach out if you'd like to connect to learn more.  

Tom