Moving up to a 5-6 unit property brings new challenges and opportunities.

Without that existing network, I’d find out-of-state management much more challenging, and I generally wouldn’t advise OOS management for new investors who don’t have reliable local contacts.Currently, I’m in the process of transitioning my properties to a local property manager.

How long have you had your properties, and what’s your biggest challenge scaling up?

Personally, I’m seeing a lot of interest in fix-and-flip projects and long-term rentals, but financing remains a key challenge for many.

Do you think there are certain areas in Texas where this model still works well, or is it becoming more challenging statewide?

Talking with clients, literally every day for the past 20 months, has given me a lot of insight into what kinds of challenges they face with STR software.I am just looking to network, maybe answer a few questions, and learn something.

The market has its challenges, but I’ve found that with the right approach, there are definitely opportunities to be had.

If it was their program that you were challenged by, I’m sorry to hear so and I wish you the best.  

Challenges?

Texas is one of the top states for house flipping, but it comes with challenges like fluctuating property values and renovation costs.