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All Forum Posts by: Zachary Deal

Zachary Deal has started 2 posts and replied 381 times.

Post: Need Attorney Reccomendation for Mid-Term Lease Modification in Orange County, CA

Zachary Deal
#4 Medium-Term Rentals Contributor
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  • Lender
  • Posts 390
  • Votes 400

@Veronica Blackstone You could try posting in the classified section of BiggerPockets as well!

Post: Connecting with MTR investors in Kansas City

Zachary Deal
#4 Medium-Term Rentals Contributor
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  • Posts 390
  • Votes 400

Hi Marcelo, I would recommend going to local RE events if you can (Meetup.com is a great place to find them). That is often the easiest way to connect with investors in your area!

BiggerPockets also has a section for local RE events!

Post: Anyone have experience with MTR's in Northern Virginia?

Zachary Deal
#4 Medium-Term Rentals Contributor
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If you haven't yet I would suggest looking at Furnished Finder and Zillow in the areas that you are considering in Northern VA to get a general sense of the competition. Also, if you attend some local RE meetups in the area you may be able to find some local MTR operators.

Post: Mid Term Property Manager

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
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  • Posts 390
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I would recommend posting in the classified sections of BP. That can be a great place to find local connections. Also, try going to local RE meetups!

Post: Current MTR Markets

Zachary Deal
#4 Medium-Term Rentals Contributor
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It's tough to say with certainty and it a lot of success in the MTR market hinges upon operating ability, property layout, understanding your clientele and ability to adjust to the market.


This article does flag some cities that are good for MTRs: https://www.stessa.com/blog/hot-spots-medium-term-rentals/

Post: Your advice on MTR’s in Montgomery

Zachary Deal
#4 Medium-Term Rentals Contributor
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Quote from @Shaylynn O'Leary:

Hi Zachary,

Thank you for your response! Yes, I know how to evaluate metrics for MTR in a given market. I guess I should have worded my post differently. My inquiry is more of hearing someone's first hand experience in Montgomery with their MTR. For example, I've recently spoken to someone about their MTR in Montgomery and they shared their MTR experience has seasonal occupancy, hard to find boots on the ground, contractors are slow and many do not take credit cards for payments, etc. Things that you would only be privy to actually being in the market.

Thanks for you help and input. I sure appreciate it. 


 Makes sense! I would recommend attending local RE meet ups if possible. Meetup.com and BiggerPockets are great ways to find local events

Post: Damage protection coverage for midterm rentals

Zachary Deal
#4 Medium-Term Rentals Contributor
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Hi Tim, I know Proper and Steadily are common insurance choices for MTR owners. While I'm not sure specifically if they or any companies that offer Damage Protection coverage for 2 - 6 month stays, I know some people require a security deposit for longer stays (sometimes only half month) to mitigate damage risk and sometimes renters insurance as well. If you're worried about damage, I think some form of security deposit for longer stays makes sense.

Post: Where to buy fully furnished properties for STR and MTR?

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 390
  • Votes 400

It may make sense to post in the classified section of BiggerPockets as well! You will likely be able to connect with some investor focused agents in Jacksonville or directly with some sellers.

Post: Mid Term Rental

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
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  • Posts 390
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@Pat Dansdill ALE Solutions is one of the more popular sites for insurance placements.

Post: MTR, Market Research, Reaching out to Hosts of Comparable Units

Zachary Deal
#4 Medium-Term Rentals Contributor
Posted
  • Lender
  • Posts 390
  • Votes 400

@Kathryn Demesa Sebastian The message looks good and I think it's smart to not ask for too much in the initial message as others will have varying comfort levels with sharing insights. I would also recommend going to some local RE meetups in your area. That can be a great way to find local investors and gain valuable connections/insights