Park is too small to attract any private equity interest so seller is in a bit of a jackpot trying to sell something so small and so unique. 

Partnering with Seth Choate provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

I bought it in 2020 and have a 2% interest rate.I’ve been casually looking for an investment property for a while and found a great deal on an ideal AirBnb house a town over in a similar neighborhood/distance to the beach/other attractions.

Partnering with Jamie Munden provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

Out-of-state turnkey may sound attractive, but the cash flow is low and the perceived passivity is too high as you still need to manage the manager to be successful.Go to some local real estate meetups, talk to other investors near you and see where they are investing and at what price point.

Partnering with Heather provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

However, there are pros and cons to this approach:Pros:Streamlined Operations: Property managers can integrate their systems more efficiently, leading to potentially better management and guest experiences.Experience and Optimization: They might have established profiles with good ratings and reviews, which can help attract more bookings.Cons:Loss of Control: If you stop working with the property manager, you could lose access to the listing and the reviews associated with it.Dependency: Your business becomes more reliant on the property manager, which could be problematic if the relationship sours or if their service quality declines.As an experienced STR manager, you're already familiar with many aspects of managing rentals.

Partnering with Heather provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

Partnering with Don and Peter provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

The IRR works out to be in the mid-10% range, which is attractive by most standards, especially for a low-risk property in San Diego in a nice neighborhood.