FF53 40+ Corporate Housing Units But Only 1 Arbitrage Partner w/ Stay Nixon
Aug 28, 2023
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Founder of Stay Nixon, Jeremy Nixon, discusses his journey of building a portfolio of 40+ arbitrage-style units. He shares property acquisition strategies, management techniques, and their unexpected pandemic success. Co-host Katie reveals her secret method for comfortable profit margins. They also discuss property evaluation, lease initiation, noise monitoring software, and doorbell cameras. Jeremy invites listeners to experience Stay Nixon's services in San Antonio.
Arbitrage-style units can be a successful and scalable business model in the real estate industry, with strategies including negotiating with property owners and utilizing dynamic pricing to maximize revenue.
Joining the Corporate Housing Providers Association (CHPA) can provide valuable resources and networking opportunities for those interested in the corporate housing field, offering access to industry knowledge and previously unknown resources.
Deep dives
Jeremy Nixon and his success in arbitrage
In this episode, the hosts interview Jeremy Nixon, the founder of Stay Nixon, a company that offers over 40 arbitrage style units in one apartment complex in San Antonio. The conversation focuses on Jeremy's journey and expertise in scaling his business through arbitrage. He shares his strategies for negotiating with property owners, securing rent concessions, and establishing long-term agreements. Jeremy also discusses the profitability of different unit sizes, with studios and two-bedroom units being the most successful in his market. He emphasizes the importance of knowing your numbers and utilizing dynamic pricing to maximize revenue. Additionally, Jeremy talks about the significance of implementing monitoring systems like NoiseAware and doorbell cameras to ensure a positive guest experience and address any issues promptly. He concludes the episode by inviting listeners to visit the Stay Nixon website and explore their offerings.
Joining the Corporate Housing Providers Association
Kelly and Katie, the hosts of Landlord Diaries, discuss the value of joining the Corporate Housing Providers Association (CHPA). They interview Jeremy Nixon, who recommends others join CHPA due to the valuable resources and networking opportunities it offers. Jeremy highlights the benefits he gained from being a member, such as accessing various industry knowledge and resources that were previously unknown to him. He encourages those interested in the corporate housing field to consider becoming part of this association.
Tips for succeeding in arbitrage
The hosts delve into the topic of arbitrage in the real estate investment landscape. Jeremy Nixon shares advice for those considering entering the arbitrage market. He emphasizes the need for a thorough understanding of expenses, as well as the importance of seeking guidance from experienced individuals or communities in the short-term rental industry. Jeremy highlights the significance of having clear terms laid out in a letter of intent (LOI) when negotiating with property owners. He also stresses the importance of conducting due diligence and knowing the market's potential for profitability.
Systems and tools for effective property management
In this part of the episode, the hosts discuss the importance of efficient systems in property management. Jeremy Nixon talks about how his company relies on tools like Slack for internal communication and organization. He also mentions utilizing price labs for dynamic pricing. The hosts also explore the benefits of implementing monitoring systems such as NoiseAware and external cameras for improved security and guest experience. Finally, they touch on renting to professional athletes and the growing trend of sports-focused rentals in the midterm rental market.
You won't want to miss this enlightening conversation with Jeremy Nixon, founder of Stay Nixon. Who would have thought that a couple's venture could blossom into an impressive portfolio of 40+ arbitrage-style units in a single apartment complex? This episode will draw back the curtain on their fascinating journey, providing insights into their property acquisition strategies, management techniques, and even their unexpected pandemic success story.
We may have the pleasure of welcoming Jeremy Nixon, but he isn't the only one doling out wisdom. Co-host Katie reveals her secret weapon for ensuring comfortable profit margins - Excel. We delve into the nitty-gritty of property evaluation, lease initiation, and the use of keycheck to streamline rental processes. If you’re aiming to ensure your property is a good fit before making any moves, this episode is going to be a treasure trove of knowledge for you.
The peace and security of apartment units is no joking matter. Learn how Jeremy and his team tackle this issue using noise aware, a game-changing noise monitoring software, and doorbell cameras. As we wrap up the conversation, we’ll extend an invitation to experience the unique services and exceptional hospitality offered by Stay Nixon in San Antonio. So what are you waiting for? Tune in, subscribe, and if you love what you hear, be sure to leave us a five-star review on Apple Podcast or Spotify.
Stay Nixon Listings on Furnished Finder: https://www.furnishedfinder.com/members/profile?u=Jeremy.Nixon
The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.
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