South Jersey Real Estate Investors Association

SJREIA Landlording Subgroup, 6:30pm
Members are free - visitors pay $20
Location: Town & Country Diner - 177 US-130, Bordentown, NJ 08505
This Subgroup meets the 2nd Wednesday each month.

Short Term Rentals Panel

Consider Investing in a Short-Term Rental

The lucrative potential of short-term rentals in today's real estate market cannot be understated. The flexibility and consistent income flow they provide offer a robust and reliable return on investment. From offering a gateway to the fast-paced and constantly evolving tourism industry to capitalizing on high-demand events and seasons, the short-term rental market presents an unmatched opportunity for investors. Overall, the pros outweigh the cons, as buying short-term property is a good investment.

Our panel of experts will share their experiences, strategies and will discuss why short term rentals have been a successful investing strategy for them!

Meet your 3 panelists:

Tom Bucsku, Owner, Tom Buys Houses, a real estate wholesale company - Been a real estate investor for over 25 years. I've flipped over 300 houses, had as many as 100 rental units at a time, recently had 10+ STR listings

Cole Checkoff, President, Company: Host House LLC 

Cole is 25 years old, resides in Margate, NJ, spends his free time exploring the outdoors, and is a devout lover of the Grateful Dead. Cole has been a lifelong entrepreneur. He started his first business (snow shoveling) at the age of 8, and at age 14 had to hire someone to drive his snowplow truck because he did not yet have a driver's licence. Cole graduated from Drexel University in 2022 with a degree in Entrepreneurship and Innovation. Founded by Cole in 2023, Host House is a Jersey Shore based, full-service short-term rental management company. Host House manages a portfolio of 20+ short term rentals in Margate, Ventnor, Atlantic City, and Ocean City. 

Cole started Host House after seeking out STR investments at the Jersey shore. During the renovation of his first project, he thought “if I’m going to manage this property for myself, why don’t I offer to manage them for other people too?”. He then conducted a competitive analysis, and identified a need for a tailored “full service” solution, as most of his competitors were serving solely as co-hosts. He coupled rental management with property management and Host House was born. In 2023, Host House managed 10 properties and generated over $375,000 in rental revenue for its clients, hosting 350 guests at the shore. This year, Host House is on track to generate $850,000 in rental revenue for its clients, and now has over 20 properties under management. 

Gone are the days of calling a realtor to rent at the shore. Cole is of the belief that, when people can shop for dresses and shoes online, why not their next vacation rental? He sees short term rentals as the way of the future, and that they are the best way for investors to maximize the income potential of their property.

Jennifer Nolan – In addition to owning a preschool Jennifer has five deals under her belt being a mix of fix and flips, long-term rentals, and short-term rentals. Recently discovering and purchasing her 2nd short term rental, that is now her passion and favorite asset class of real estate investing. Jennifer specializes in purchasing properties, rehabbing them and designing them into unique experience vacation rentals that are themed according to the area they are in. Interior design, managing construction projects, marketing, pricing strategy, finding cash flowing properties, running numbers and pro forma spreadsheets are her specialty. Jennifer self manages her properties. Her current project being a passion project where she is transforming a once neglected historic Victorian home in Hershey, PA area and turning it into a five senses candy theme vacation rental. Jennifer enjoys helping others build their knowledge and experience using her wealth of knowledge regarding all things related to short term rentals.

Meeting info:

Location: Town & Country Diner - 177 US-130, Bordentown, NJ 08505
Please RSVP if you plan to attend so restaurant will have staff available for our group.  Please plan to order something from the menu -- thanks!

Time: 6:30pm to 8:30pm
Cost: SJREIA Members attend free -- visitors pay $20

MISSION STATEMENT: This group will have presentations focusing on various aspects about being a successful landlord.  

Moderator and Host, Rich Rickards is a licensed insurance agent of Esposito Insurance Group who specializes in commercial and residential properties. He has been in the industry since 2014 and has been working with Esposito Insurance Group since 2017. Rich focuses on insuring South Jersey properties for real estate investors and is also a private money lender.  Rich lives in south jersey and raised 2 daughters with his wife Karyn. He is a firefighter and zoning board member for his local township. Esposito Insurance Group – South Jersey and Nutley NJ 609-451-0251 | www.espositoinsurance.com

Landlording Subgroup Leader, CENTRAL Meeting coordinator and SJREIA Business Affiliate Esposito Insurance. Rocco Esposito is the owner and general manager of Esposito Insurance Group, specializing in coverage for real estate agencies, businesses, and property owners. Call or text for a quick quote: 973-284-1083 | www.espositoinsurance.com

• Visitors are welcome to join at any meeting!
  Receive a $20 visitor fee credit if you join as an annual member that same night (AUTO-RENEWS 1 year from the date you joined)

OR, apply your visitor fee credit toward a monthly membership and enjoy all benefits of membership for 30 days -- FREE meeting attendance, participate in our members only online networking chat forum, get access to 100's of hours of past meeting video recordings  (AUTO-RENEWS 30 days from the date you joined)