Daniel Johnson

STR investor | Fee-Only CFP® for Real Estate Investors **tweets are not tax or investment advice

[Daniel Johnson @dcjohnsoniii]

1/ Managing Short-Term Rentals is a systems driven business. It can be done manually, but will absolutely burn you out quickly. Therefore, it is important to build systems and processes that will automate the mundane tasks of management. Here is a thread 🧵 on how we do it!

[Daniel Johnson @dcjohnsoniii]

@AndyHVandenBerg Lots of that growth in PE backed RIAs is likely from non-organic growth.

[Daniel Johnson @dcjohnsoniii]

@PMDBT Hey @PMDBT wondering how I can be an active participant in the DAOs I own if I have been removed from the platform in which the majority of the communication occurs on? Being a participant isn’t just voting yes or no on governance votes, it is being a part of the conversation.

[Daniel Johnson @dcjohnsoniii]

@blueprintsmb22 @PseudonymBear @dennis_unrein @SMB_Attorney None of these. For independent RIAs, it is firms like Focus Financial, Creative Planning, Hightower, Mariner, Captrust.

[Daniel Johnson @dcjohnsoniii]

@dennis_unrein @blueprintsmb22 @SMB_Attorney 7x EBITA would be very cheap. Most firms with > $200m will likely be 10x+, upwards of 18x. Sub $100m would likely trade on revenue not earnings. 3x revenue is what I’m hearing in most cases.

[Daniel Johnson @dcjohnsoniii]

@SimpleCRE Great spot to be… we love living here.

[Daniel Johnson @dcjohnsoniii]

@baldridgecpa It’s a big gamble. We could find ourselves in a worse place with global recession, trading partners who have established alternative partner markets and massively increased import costs(for products we have no way to produce locally).

[Daniel Johnson @dcjohnsoniii]

@StudentRentPro Are the bulk of your properties 3 bed or less?

[Daniel Johnson @dcjohnsoniii]

@StudentRentPro Crushed it, I’m 100% sure!

[Daniel Johnson @dcjohnsoniii]

@AndyHVandenBerg The niches are where you should focus. Figure out what your unique angle/planning specialty will be.

[Daniel Johnson @dcjohnsoniii]

@TKopelman @SlurpsWicks @chrissssjohnson

[Daniel Johnson @dcjohnsoniii]

@SlurpsWicks @TKopelman All for BTC, but RE is a completely different story and strategy. Unlikely that there will ever be a big narrative of people selling RE to buy BTC.

[Daniel Johnson @dcjohnsoniii]

@BuySellBA @TKopelman Impressive! The most difficult piece is finding a PM that will provide the level of attention/service necessary.

Most I have seen don’t want to raise rents, really manage tenants, and really take care of the property. They just want to be an answering service and collect rent.

[Daniel Johnson @dcjohnsoniii]

@olsonplanner Would be happy to discuss my fit. I work with a few physicians/retired physicians. More complex tax situations/RE exposure are typically a great fit.

[Daniel Johnson @dcjohnsoniii]

@aaron_lubeck Now is it too much to ask to get 2-4 units allowed in all residential zoning???

[Daniel Johnson @dcjohnsoniii]

@aaron_lubeck That is awesome.

[Daniel Johnson @dcjohnsoniii]

@cashrulesNC @zachary_ashburn @meetmikehiggins I actually roll my eyes when people give tax, investment, and legal advice directly, then write ***I’m not a CPA, Attorney, or Investment Advisor

Like that disclaimer does something…

[Daniel Johnson @dcjohnsoniii]

@mhp_guy