Ep 76 - What to Do While Your Under Contract on an STR Property
HOSTS' BIO
Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through the real estate so they can pursue their passions and leave their mark on the world.
Emanuele Pani is a Commercial and Residential Real Estate Consultant at Signature International Real Estate. Has a degree in accounting and finance. Started his real estate journey working as maintenance until the owner decided to sell the 40 unit apartment building to Emanuele.
HIGHLIGHTS OF THE EPISODE
03:21 Steps to take while waiting for your STR property to close
04:09 The House Bucket
06:37 Leveraging your relationship with the real estate broker/agent
07:37 Being involved and doing your homework
09:00 Planning and doing things ahead of time
10:36 Speed to market
11:30 Parking situation of the STR property
11:50 The feel of the neighborhood
12:12 The Team Bucket
14:04 Planting seeds and getting referrals
15:30 Analyzing your competition
17:13 Asking the locals about the area
18:53 The Timeline Bucket
20:05 Working backward from the launch date
20:39 Thinking through logically
23:40 Recap
25:12 Leveraging technology
26:27 Difference of a new STR operator to a professional operator
27:26 Why contractors need to be referrals
28:05 Interviewing as many people as possible
29:15 Accountability on timeliness
30:27 Going back to your vision and creating processes
32:49 STR Secrets wrapping up 2021
33:29 Text "RESOURCES" to (978) 242-001 to get the STR Secrets Starter Pack for free
NOTABLE QUOTES
"You plan the work then you work the plan." - Emanuele Pani
"The unforeseeable happens even if you plan the work." - Emanuele Pani
"Put yourself through the exercise." - Emanuele Pani
CONNECT WITH THE HOSTS
Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin
https://linktr.ee/the_airbnbguy
Emanuele Pani: Clubhouse| Instagram| Facebook | Linkedin
FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass
