36 | How to Find the Right SRT Properties with Jeff Brown

Jeff Brown from Loma Homes is talking numbers and operations for STRs. From sourcing data to managing an on the ground turnover team, Jeff is taking us through his experience in real estate and giving inside information on how he looks for properties.Learn more about Loma Homes at their website: https://loma-homes.com/Jeff’s email: jeff@loma-homes.comBlue Gems Management: https://bluegemsmgmt.co/Short Term Rental Meetup: https://bluegemsgroup.com/[00:00] Episode intro[00:23] Show intro[00:56] Welcome to Jeff Brown[01:14] Jeff’s journey into real estate[02:06] How Jeff found Joshua Tree before it was on the map[03:22] Where Jeff sourced his data[05:34] Determining the annual gross revenue[06:38] Markets Jeff is excited about[09:08] Running the pro forma at a high level[09:52] What is a good comp for an STR?[11:46] What does the on the ground team look like for Lome Homes?[15:19] Breezeway for turnover management[16:17] Blue Gems Management[16:44] Is the cost of Breezeway worth it?[17:52] Target returns when looking at a new market[19:16] Selling based on NOI vs. comps in the area[22:25] Advice for STR newbies[23:38] A day in the life of Jeff Brown[24:12] One last blue gem[24:52] Where to connect with Jeff[25:11] STR meet up/outro