Communication is key and you want people who are ready to make a deal work.

I was communicating with someone in 2023 that called Pueblo County to try to get some specific answers regarding STR.

I basically group the business into 2 segments, administrative tasks (pricing, marketing, guest communications) and field tasks (cleaning/maintenance).Part of being a successful operator of anything, you have to know your strengths and weaknesses. 

Hey guys, excitedly i just completed my first wholesale deal(s) this week... but i quickly learned that there's a lot of communicating that needs to happen and coordination between the primary seller, the end buyer, and the title company.  

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

If you, as an investor, understand the side of compliance, communication, and maintenance, you can also appreciate why people pay to have property managed.

It's required by ordinance that the water be changed between each guest.There may be a certain amount of trial and error as you work with your cleaning/maintenance staff, communicate well with them but give them space to do their jobs, and if it doesn't seem to be working out, go to someone else.  

They communicated again at a later time which is great but irrelevant to the question in my opinion because they didn't change the plan they just clarified it.

Our partner, Ron Rowan, found the property through targeted local outreach and direct communication with the seller.

This interaction also allows one to gauge the sponsor's communication skills and professionalism.10 Questions for the First Call1) What's the Sponsor's investment thesis?