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.

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

I'm looking for events that attract a good mix of real estate investors, agents, and other professionals where I can showcase our lending solutions and build relationships.

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