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Partnering with Allure Properties means embarking upon a journey toward wealth, and the future of your dreams.

Meet Your Partners

Meet Matt Lidstone and Lori McConomy, the visionary co-founders of Allure Properties Inc., a trailblazing name in short-term rental management. With their combined passion for vacation rentals and years of experience as seasoned flippers, Matt and Lori breathe life into properties, transforming them into unforgettable getaways.

Since its inception in 2018, Allure Properties Inc. has been more than just a company – it's a family's heartfelt dream realized. Inspired by their four remarkable children and a burning passion for travel, Matt and Lori embarked on a journey to secure their family's future. Today, they extend this very opportunity to you and your loved ones, as their mission takes root in the essence of hospitality.

In the heart of this dynamic duo lies an unyielding commitment to excellence. Lori, a former Insurance Director with sharp financial acumen, lends her expertise to orchestrating the day-to-day project management, meticulous deal analysis, and artful interior design that brings each space to life. Matt, the analytical mind and IT professional, crafts compelling websites, captivating social media posts, and impactful marketing materials, all while seamlessly managing customer relations and coordinating trades.

With their deep understanding of the STR industry and a penchant for creativity, Matt and Lori tailor their services to meet the unique needs of homeowners and private lenders alike.

Their story, rooted in a desire to create something extraordinary, is a beacon for those who seek innovation in real estate. Matt and Lori have nurtured their expertise through continuous learning, attending conferences and courses to expand their knowledge in managing short-term rentals.

As you step into the world of Allure Properties Inc., you're welcomed by the warmth of a family-driven business and the expertise of accomplished professionals. Join Matt and Lori on this journey where properties become stories, and dreams find a home in hospitality.

FREQUENTLY ASKED QUESTIONS

  • Why invest with Allure Properties?
    We absolutely love what we do! With a ton of education in real estate investment strategies, plus a bunch of hands-on experience, we fearlessly tackle projects with promise and use our skills to bring in returns. Our clients rest easy, knowing their money is in the capable hands of Allure Properties.
  • How do I get started?
    We’ll start with a conversation to discuss your life situation now and in the coming years to help you to determine the right investment to suit your needs. The first step is to book a no-obligation discovery call to see what’s possible, then we’ll create an individualized strategy that works for you as you set out to grow your wealth through real estate investing!
  • What is Private Lending in real estate?
    Private lending in real estate involves individuals or groups lending their own funds to real estate investors or developers in exchange for interest payments and sometimes a stake in the property.
  • How does Private Lending work?
    Real estate investors seek funding for their projects from private lenders who provide the necessary capital. Lenders receive regular interest payments and potentially a share of the property's profits.
  • What are the benefits of Private Lending for investors?
    Private lending offers investors a way to earn passive income with potentially higher interest rates compared to traditional investments. It's secured by real estate collateral, reducing risk.
  • What are the risks associated with Private Lending?
    While secured by collateral, private lending still carries risks such as borrower default, market fluctuations, and project delays. Proper due diligence is crucial to mitigate these risks.
  • How do I become a Private Lender in real estate?
    To become a private lender, you can use personal funds or create a lending entity. Networking with real estate professionals, attending investor meetups, or joining investment groups can help you connect with borrowers.
  • What kind of return can I expect from Private Lending?
    Private lending returns vary based on factors like the interest rate, loan term, and specific deal terms. Annual returns commonly range from 8% to 12% or more.
  • What's the typical loan term for Private Lending?
    Loan terms vary but typically range from a few months to a few years. The duration is negotiated between the lender and borrower, often aligned with the project's timeline.
  • How is the loan secured?
    Private loans are secured by real estate assets or promissory notes. Lenders hold a lien on the property or use the promissory note as enforcement and can take ownership if the borrower defaults. A thorough appraisal and legal documentation ensure the property's value.
  • Can I lend to both residential and commercial real estate projects?
    Yes, private lending can be extended to both residential and commercial real estate projects, depending on your comfort level and investment goals.
  • What due diligence should I perform as a Private Lender?
    Due diligence includes assessing the borrower's track record, evaluating the property's value and potential, reviewing the project's financials, and understanding local market conditions. Consulting legal and financial professionals is advisable. Private lending can be a rewarding way to diversify your investment portfolio, earn passive income, and support real estate projects. However, it's crucial to educate yourself, perform thorough research, and work with experienced professionals to navigate the process successfully.
  • What is Airbnb Arbitrage?
    Airbnb arbitrage is a strategy where you lease a property (long-term) from a landlord and, with the owner's permission, list it on Airbnb, VRBO, etc for rent (short-term) at a higher daily rate, generating a profit from the price difference.
  • Is Airbnb Arbitrage legal?
    The legality of Airbnb arbitrage varies based on local regulations and the terms of your lease agreement. It's crucial to thoroughly research and comply with local laws before pursuing this strategy.
  • How do I find properties for Airbnb Arbitrage?
    You can find properties for Airbnb arbitrage through online platforms, real estate listings, property management companies, and networking with landlords who are open to such arrangements.
  • What are the key benefits of Airbnb Arbitrage?
    Airbnb arbitrage offers the potential for higher returns compared to traditional long-term rentals, as short-term rentals often command higher nightly rates. It also provides flexibility and the ability to pivot to different properties quickly. Additionally, the funds required to start are low resulting in a lower risk investment.
  • What challenges might I face with Airbnb Arbitrage?
    Challenges can include potential gaps in occupancy, fluctuating demand, property management logistics, legal restrictions, and maintaining positive landlord relationships.
  • How do I ensure profitability with Airbnb Arbitrage?
    To ensure profitability, carefully calculate all costs including rent, utilities, furnishings, cleaning, and Airbnb fees. Regularly monitor market trends and adjust your pricing accordingly.
  • What should I look for in a property for arbitrage?
    Properties in prime locations with high demand for short-term rentals are ideal. Consider factors such as proximity to attractions, business districts, and events. Also, choose properties with appealing amenities and features.
  • How do I manage the property effectively?
    Successful property management involves guest communication, cleaning services, maintenance, restocking essentials, and adhering to local regulations. Many hosts opt for professional property management companies to handle these tasks. We highly recommend Allure Properties!
  • What kind of lease agreement do I need for Airbnb Arbitrage?
    A lease agreement for Airbnb arbitrage should ideally be flexible, allowing you to sublease the property for short-term rentals. Consult legal professionals to draft an agreement that aligns with local laws and landlord expectations.
  • Is Airbnb Arbitrage suitable for everyone?
    Airbnb arbitrage requires careful research, financial planning, and a willingness to adapt to market changes. It's best suited for individuals with a strong understanding of the short-term rental market, property management, and local regulations. Remember, each situation is unique, so it's crucial to conduct thorough research, seek legal advice, and create a detailed business plan before diving into Airbnb arbitrage.
  • What is Airbnb Co-Hosting?
    Co-hosting is a collaboration between a property owner (host) and a co-host who assists in managing the property. Co-hosts handle tasks like guest communication, check-ins, cleaning, and maintenance on behalf of the host.
  • How does Co-Hosting work?
    In co-hosting, the property owner retains ownership and control of the listing while the co-host helps manage day-to-day operations. The co-host earns a percentage of the rental income in exchange for their services.
  • Why would I need a Co-Host for my STR property?
    Co-hosts bring expertise in property management, guest communication, and local knowledge. They can help streamline operations, enhance guest experiences, and free up your time.
  • How do I choose the right Co-Host for my property?
    Look for co-hosts with experience in property management, positive guest reviews, and a good understanding of your local market. Communication skills and reliability are also important factors.
  • What tasks do Co-Hosts typically handle?
    Co-hosts handle tasks such as guest communication, check-ins/check-outs, cleaning, restocking essentials, pricing optimization, and addressing guest inquiries and concerns.
  • How do Co-Hosts get paid?
    Co-hosts receive a percentage of the rental income (revenue), which is agreed upon between the host and co-host.
  • Do I lose control over my listing with a Co-Host?
    No...and yes...but it's you're choice! Co-hosts work within the guidelines set by the host, ensuring that your preferences and rules are upheld. As the property owner, you can retain ownership and control of your pre-existing listing or we can create a new one as Superhosts if you do not have a listing or if the previous listing's reviews are limiting your click-to-book conversion rate.
  • Can I hire multiple Co-Hosts for my property?
    Yes, you can have multiple co-hosts. However, clear communication and coordination among co-hosts are essential to ensure a seamless guest experience.
  • Is Co-Hosting available in all locations?
    Yes, co-hosting is available in many locations where STRs operate. However, it's essential to check local policies and regulations in your area.
  • What's the cost of hiring a Co-Host?
    The cost of hiring a co-host varies based on factors like the services provided, location, property size, and the agreement reached between the host and co-host. Co-hosts usually charge a percentage of the rental income (revenue), which can range from 10% to 30% or more. When considering co-hosting, it's important to thoroughly discuss expectations, responsibilities, and compensation with potential co-hosts to ensure a successful partnership that benefits both parties and enhances the guest experience.
  • What is real estate investing?
    Real estate investing involves purchasing properties to generate rental income, capital appreciation, or both. It's a strategy to grow wealth by leveraging real estate assets.
  • How do I get started in real estate investing?
    Start by educating yourself about the market, financing options, and investment strategies. Set clear goals, create a budget, and consider seeking guidance from experienced investors or mentors.
  • What are the different types of real estate investments?
    Real estate offers various investment types including residential rentals, commercial properties, fix-and-flip projects, real estate investment trusts (REITs), and crowdfunding platforms.
  • Is real estate investing risky?
    Like any investment, real estate carries risks. Market fluctuations, property management challenges, and economic downturns can impact returns. Proper research and due diligence are essential to mitigate risks. Remember that successful real estate investing requires a combination of knowledge, diligence, and the ability to adapt to changing market conditions. Always continue learning, seek advice from experts, and conduct proper due diligence before making investment decisions.
  • How can I finance my first real estate investment?
    Financing options include traditional mortgages, private lenders, hard money loans, partnerships, and creative financing strategies. Evaluate your creditworthiness and explore options that align with your goals.
  • What's the role of location in real estate investing?
    Location is critical. Properties in desirable neighborhoods tend to appreciate more and attract better tenants. Research local market trends, growth potential, and amenities before investing.
  • What's the difference between passive and active real estate investing?
    Passive investing involves purchasing properties and hiring property managers to handle day-to-day operations. Active investing requires direct involvement, such as managing properties or renovations.
  • How do I calculate potential returns on a real estate investment?
    Key metrics include cash flow, return on investment (ROI), capitalization rate (cap rate), and net operating income (NOI). Online calculators and spreadsheets can help analyze potential returns.
  • How do I choose the right investment strategy for me?
    Consider your financial goals, risk tolerance, available time, and expertise. If you prefer hands-on involvement, strategies like flipping might suit you. Passive investors may lean towards rental properties.
  • Is real estate investing suitable for everyone?
    Real estate investing can be a viable option for a wide range of individuals. However, it requires thorough research, financial planning, and a willingness to adapt to market conditions. It's important to assess if it aligns with your goals and resources.
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