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I had somebody throw a party and do a little bit of damage in the very beginning. And I actually have two more STRs that are getting ready. In my retail business, in my life, customer service is the core of everything. If you are a good customer service person, if you can learn to not be petty and drag things out for two months for spite, those are the things that lead to success.
I had a lady come in and she found a dead bug right by the front door. But do I argue with this lady over 75 bucks or do I realize that keeping her happy and getting a five star review out of it is exponentially more valuable in the longterm? The guy in that two unit that was in the front house ended up having to be evicted. And I was going to recommend this to everyone listening. That is a great deal and thank you for sharing that with us. Tony, did you have any short term rental questions you wanted to ask him before we move on to our mindset segment? And what you said about the customer, just how you treat your customer is super important.
So if you have an issue and you handle it well, you get a glowing review. Like what were some of those assumptions you made that turned out not to be true? Like I said, I came into this … My mindset has been the same way before real estate. And I found that finding contractors is absolutely the most stressful and painful part of this business. And it had a lot to do with kind of why I lean towards using my guys as much as possible. They are the only projects in 18 projects that have come in over budget our outside of the timeframe. And the problem is I genuinely like all three of those guys. I hope all three of them hear this podcast and they understand that as people I love all three of them. They are scumbag business people and it is what it is.
One of them came in 13 weeks past schedule of a 10 week project. Because as a person I felt like he spent the last 13 weeks doing my project. I want to take us to our next segment Kevin, which is the Rookie Request Line. So for those of you that are listening, if you guys want to call in and have your question answered by one of our lovely guests like Kevin, give us a call at 888-5-ROOKIE.
My name is Tamika and I am from the New Jersey, Jersey City area. My question is how payday advance loans for bad credit do you know if a home is good for BRRRR, good for flip, or good for hold? Typically, what I run into is, I BRRRR, BRRRR, BRRRR, BRRRR, BRRRR, and then when I want to stock my cash reserve back up I flip. I am very much a rookie from a financial standpoint. I mean, I live a nice life but I am not even remotely rich.
So when I need money back in my account, payday advance loans for bad credit I got to sell a property or I got to generate that money somehow. So for you buy and hold is the way to go so that you have that mailbox money coming in.
Kevin, we see you all over the Real Estate Rookie Facebook group. I want to know what is the most asked question by rookies and what would be the answer to that question, your advice for our listeners? Kevin:Well, I think the thing that I hear the most is where do I start? But the reality is there are so many variables in doing this, especially in the beginning. So I would say that you want to start by being educated. I spent 400 to 500 hours from August of 2018 to October, instant cash loans same day November of 2018, 400 to 500 hours of my free time. And you can do the math and see how much of that … It was pretty much all of my who will give me a loan with bad credit free time for three months reading, listening to podcasts. And this thing behind me … And my parents go a long way to that. And you take the things that worked in that relationship and you apply them to the next one.
And that to me is more important than anything, that you learn from the things that go wrong and just keep pivoting and pivoting. I run into things now in these flips and BRRRRs that would have absolutely broke me when I started. I mean, I literally just solve the problem before I even think about it. Because the purpose of the first deal is what you just said which is to educate yourself. Now, for the short term rentals I use a program called Smartbnb, which does some automated messaging for your cleaners and it really, really automates the short term rental side.
So if people are doing that business, I highly recommend looking at Smartbnb. But from the real estate stuff in general, I pretty much just manage it via email and my cellphone.
Ashley:Kevin, thank you so much for all of the valuable information today and also thank you for your service too. But please tell everyone where they can find out some more information and where they can contact you. Kevin:Diyrealesateinvesting on Instagram, which I am terrible about. Ashley:Kevin, I just want to say, you really provided a lot of great value today. Well, thank you so much for joining us and a lot of the things that Kevin mentioned, we will put into the show notes at biggerpockets.
And of course make sure you join our savings account cash advance loan Facebook group, Real Estate Rookie and you will see Tony and I in there quick and fast loans and also Kevin.
Ashley:Well, thank you everyone for listening today.
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