The lack of a unified voice and central resource for short-term rental operators prompted a collective of industry professionals and enthusiasts to form the STRA.ObjectivesSTRA's key objectives encompass:Education: STRA strives to educate its members on industry trends, best practices, and regulatory requirements, leveraging various channels like webinars, newsletters, and training programs.Networking: STRA facilitates members' connection and collaboration with other short-term rental operators, industry experts, and service providers.Advocacy: STRA champions fair and balanced short-term rental regulations at local, state, and national levels.Support: STRA offers comprehensive support services to its members, providing advice on property management, dispute resolution, and regulatory compliance.MembershipMembership in the STRA is open to all individuals and entities involved in the short-term rental industry.

Additionally, having multiple stakeholders can lead to collaborative decision-making and the pooling of expertise, strengthening the overall project.Cons of Giving Up Equity: Sharing Returns: By giving up equity, you agree to share the future profits and appreciation of the property.

He highly advised us that we should be completely transparent with our sellers and let them know exactly what we're doing, explain to them we'll be making a small fee for doing paperwork/collaboration/helping them to close fast with a cash deal. 

Makes it easier to collaborate on managing tenants.- Separate voice mail, so my business voice mail is separate from personal.- I can listen in on voice mails as they are being left and if I choose, I can join the call while they are leaving a message.This was a game changer for our business.

It allows for collaboration between our vendors, investors/owners, and our tenants. 

I believe that collaboration and building relationships are fundamental in this industry, and I am excited to contribute and learn from like-minded individuals who share a passion for real estate investment.If you are interested in mentoring, networking, or simply having a conversation about multifamily real estate investment, please feel free to let me know and I will reach out to you.

When it comes to the services I outlined they are usually assessed in different ways such as a rate per hour, fixed fee per month/quarter based on time estimated collaborating with the client, financial resources that need to be managed and allocated (% of AUM/AUA), and overall complexity of the clients situation. 

By collaborating, I hope to explore future investment opportunities together.

If anyone is in the Nashville area and interested in networking, please let me know and I would be happy to get together and collaborate! 

I created a private FB group for us too to collaborate and we all have fun.