All Forum Posts by: Zach Rothman

Congrats on starting your investing journey! 
When I started, I first wrote out my 3 main objectives for my portfolio, which was cash flow, appreciation, tax benifiets in that order. This allowed me to focus mostly on cash flowing properties, then the area, then tax as an add on. Others would have a different order etc. 

After that, I got super specific on a property type. I knew I wanted to be in the SFR LTR space, so I set all of my exploration efforts on just those property types. When other ones would come up (STR/Multi) it forced me to say no and focus.

Have a business close by as well, I found my most success in investing in a close market to myself. As I was juggling things at work, I could take an hour lunch to shop rentals, something I couldn’t do with a distant market. 

All avenues have their pros and cons in investing. It came down to my priorities, and main objectives. I wish you the best of luck!

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$256,000 DSCR Loan for the purchase of a Single Family Rental investment property in Lehigh, Florida! This investor secures her first SFR with great terms - 20% down, 7.125% interest rate (30yr fixed) and a reduced prepay structure - 1%only!

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$269,750 Cash-Out Refinance DSCR Loan on a Single Family Rental (SFR) investment property in Fort Myers, Florida! This local investor takes cash out of her first investment property (this one) to access capital to buy rental number 2!

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$519,200 DSCR Loan for the purchase of a Short Term Rental in West Palm Beach, FL! @Zach Edelman does it again, providing best terms in the market for STR Loans - 80% LTV (20% down), 6.625% Rate, 30-yr fixed, reduced prepay, qual on airdna!

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$303,992 Acquisition DSCR Loan for the purchase of a rental property in Largo, Florida! These experienced investors purchase a fourth property through their 50/50 LLC - securing 30-year fixed rate mortgage loan with 20% down - 6.875% rate!

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$202,125 Hard Money Loan for another Florida Fix N Flip Funded by @Zach Edelman - this one in Seffner, FL! Still characterized by towering live oak trees, strawberry farms and lakes, Seffner has been growing rapidly in recent years! 🌴🌊🍓

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$219,700 Cash-Out Refinance DSCR Loan on a Duplex investment property in Seffner, Florida via ESC! Prolific Florida Real Estate professional with a large portfolio takes cash out of this fully rented two-unit rental - maintains a nice 1.49x DSCR!

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$513,500 Cash-Out Refinance DSCR Loan on a multi-family investment property (five-unit) in Lake Worth, Florida! Investing trio takes out some capital of this fully-leased and cash-flowing rental property to continue to expand their portfolio

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$896,000 Acquisition DSCR Loan on a Short Term Rental investment property in Miami, Florida via @Zach Edelman! This $1.2M rental property purchased with just 20% down - qualified w/ STR projected income - no DTI, no Tax Returns, no Income Verification!

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$977,214 DSCR Loan on a refinance of a Short Term Rental investment property in Tampa, Florida via ESC! Repeat Easy Street borrower continues to refinance with our industry-leading STR Loans getting deals done - even high dollar STRs!

I'm trying to migrate from Evolve, and I'm wondering how those of you who self-manage remotely handle emergency issues. 

I'm concerned that if I place an ad to find people who will work on an hourly basis (in the area of the property) that I might have a hard time finding people who can reliably respond to emergencies during off hours, but I can't afford to have someone working full time or with standard on-call rotations. 

I'm wondering how some of you have solved this problem. 

@Michael Belz

Well 20% sounds quite reasonable. I'm seeing 25-30% for STR management in Colorado (more if your vacation rental is near ski areas like Breckenridge or Vail).

About the staging ... you mean furnishings, right? (I use "staging" to mean temporary furniture when selling a property.) Do some research on Airbnb and short-term rentals in your area. Do you have AirDNA? If so, plug your address in there and see what the comparable properties are doing.

In my opinion, Airbnb is a professionals game now. You've got to bring your A-game in all aspects. Great design, killer amenities, strong communication and professional photos. I tell my Colorado STR clients to pay the extra for a designer. The revenue difference between like-kind homes that have the design and those that don't is stark.

Like others said, counter with a flat fee. You want to get good stuff, but there's no reason to pay them more for buying expensive furniture. (Also, ask them who they use to design it.)