Ep 76 - What to Do While Your Under Contract on an STR Property

Published: Nov. 15, 2021, 4 p.m.

HOSTS' BIO\nMike 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. \nEmanuele 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.\n\nHIGHLIGHTS OF THE EPISODE\n03:21 Steps to take while waiting for your STR property to close\n04:09 The House Bucket\n06:37 Leveraging your relationship with the real estate broker/agent\n07:37 Being involved and doing your homework\n09:00 Planning and doing things ahead of time\n10:36 Speed to market\n11:30 Parking situation of the STR property\n11:50 The feel of the neighborhood\n12:12 The Team Bucket\n14:04 Planting seeds and getting referrals\n15:30 Analyzing your competition\n17:13 Asking the locals about the area\n18:53 The Timeline Bucket\n20:05 Working backward from the launch date\n20:39 Thinking through logically\n23:40 Recap\n25:12 Leveraging technology\n26:27 Difference of a new STR operator to a professional operator\n27:26 Why contractors need to be referrals\n28:05 Interviewing as many people as possible\n29:15 Accountability on timeliness\n30:27 Going back to your vision and creating processes\n32:49 STR Secrets wrapping up 2021\n33:29 Text "RESOURCES" to (978) 242-001 to get the STR Secrets Starter Pack for free\n\nNOTABLE QUOTES\n"You plan the work then you work the plan." - Emanuele Pani\n"The unforeseeable happens even if you plan the work." - Emanuele Pani\n"Put yourself through the exercise." - Emanuele Pani\n\nCONNECT WITH THE HOSTS\n\nMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin\n\nhttps://linktr.ee/the_airbnbguy\n\nEmanuele Pani: Clubhouse | Instagram | Facebook | Linkedin\n\nFREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices