E126 Investments

E126 Investments is a Project Management & Asset Management company and short-term rental portfolio owner. E126 Investments focuses on deal flow and underwriting hospitality real estate. Our specialty is Short Term Rentals (STRs), commonly referred to as “Air BNBs” located along the central Gulf Coast of Florida.

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E126 Investments

E126 Investments is owned by husband/wife duo Jason and Jules Matthews. Since 1996, this family’s diverse real estate journey intersected with several sectors of real estate. As corporate Owner’s Reps, property owners, and business owners they jointly executed on residential, commercial, and industrial projects. They have owned service companies in real estate consulting, land acquisition, construction supply, engineering, and community real estate training. The couple has earned multiple awards in business namely “Supplier of the Year” from the National Minority Supplier Diversity Council and Ernst & Young “Entrepreneur of the Year.” The Matthews survived six economic recessions including 2000 Tech Bubble, 9/11, 2008 Real Estate Implosion, 2015 Oil & Gas bust, and 2020 Covid 19 Pandemic. Taking all this combined experience, they are now performing in the Florida vacation market. E126 Investments is currently acquiring a 100 unit Short Term Rental (*STRs) portfolio in the Tampa/St. Pete Metroplex (central Florida Gulf Coast).

Prior to forming E126 Investments, the Matthews worked with clients ranging from small non-profits to Fortune 500 companies in pre-acquisition/due diligence phases, portfolio profitability strategies, asset management, divestiture schedules, repositioning, and development initiatives across markets in Washington DC, Pennsylvania, West Virginia, Ohio, Texas, and Florida. They have established a track record of achieving revenue, profit and business growth in both operational and financial aspects of real estate.   

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EXPERIENCE

Residential
• Student housing
• Residential development
• Multifamily housing
• Condo conversions
• Urban Master Planning 

Commercial
• Sports Stadiums & Ballparks
• Pro sports practice facilities
• Pharmacies
• Convention centers
• Banking centers
• Hotels
• Theaters
• Hospitals
• Airport cargo facilities
• Office buildings
• Strip malls
• Grocery Stores
• Facilities support services and supplier inclusion consulting for a $300m+ arena 

Industrial
• $1Bill Oil & Gas projects
• Grocery cold storage facilities
• Parking garages
• Correctional facilities 

Services

E126 Investments self-performs asset management on this scattered site STR portfolio. While the property managers focus on guest and property operations, asset managers in contrast focus on maximizing revenue potential and identifying long term value-add strategies. We consider details at every level, bringing our commercial experience to this residential portfolio.

• Owner’s representation services
• CM services & project management
• Feasibility consulting
• Capital stack modeling
• Site identification
• Land acquisition support

• Public private partnerships & JVs
• Market analysis
• Logistics consulting
• Procurement and expenditure analysis
• Utility company monitoring & energy spend review
• Annual property insurance evaluations
• Risk analysis & mitigation planning  

Market study

While recognizing opportunities and strategizing risk mitigation, we are constantly adapting to a changing market and economy. We are focused on expanding our presence in the short-term rental market in the Tampa Bay Area, FL Metroplex. Tampa Bay is the number #1 market for short term rentals as deemed by AirDNA. Currently we have several short-term rental properties. We are expanding the portfolio with a goal of controlling 100 STRs within the next three years.
We will reach that goal through new master leases and property acquisitions. We maintain high standards and require each property be structurally sound, in safe neighborhoods, attractive for families and executives, and close to unlimited amenities and entertainment.
Our properties are expertly sourced and set‐up. Once onboarded, the units are maintained by Hospitality property management firms and a Field Services management company. The portfolio is marketed via AirBnb, VRBO, Home Away, and other booking channels

Market

Tampa is the economic center of western Florida and a four‐season opportunity. The Gulf Coast beaches have always been a premier destination, especially for families driving from northern starting points in Canada and the Midwest. Tampa is no stranger to growth as it sees an increase of approximately 50,000 new residents annually…pre-pandemic. Now the numbers continue to trend upwards. Combined with the vacationers and snowbirds is a mix of sports enthusiasts, traveling athletes, interview candidates, concert goers, medical patients, construction workers, and executive trainees—all requiring accommodations.
Nearby St. Petersburg and its beaches are the most visited destination on the US Gulf Coast, drawing more than 15 million annual visitors. The city has been awarded “One of the Best Street Art Cities in the World” and “One of America’s Hottest Cities to Live and Visit” (The Huffington Post, 2016), as well as “The 25 Best Towns of 2017” (Outside magazine).
At E126 Investments, we believe the appeal of short-term rentals in this region goes beyond vacation accommodations. The demand for “alternative hotels” considers executive stays, transitional housing, and now wellness escapes for stressed families. We receive many requests by home buyers and sellers to solve move-in date and construction delay challenges. 

Tampa

OUR MODEL

From start to finish, E126 Investments founders are involved daily in acquisition, asset management, financial management, and portfolio strategy implementation.
The E126 Investments strategy begins with property selection. Houses are selected by location and proximity to unlimited amenities , event facilities (ex. NFL stadium), attractions (ex. Casino) and academic/health/business centers (ex. universities). The acquisition team seeks to pool properties in designated neighborhoods. We currently focus in 4 locales in the metroplex. This centralizing effort supports warehouse, housekeeping, and maintenance logistics.

Ideal properties offer:
• 3 bedrooms (sleep 6-8)
• 2 bathrooms
• 1100 sq. ft. minimum size
• $250,000 - $600,000 value
• Attached garages & MIL suites
• Move in ready condition

 Located near:
• South Tampa & West Tampa
• Hardrock Casino & Busch Gardens
• University of South Tampa
• Raymond James Stadium
• Tampa International Airport
• Redington Beach, Indian Rocks Beach

Each house undergoes inhouse underwriting and must meet risk tolerance thresholds. A new LLC is formed specific to each address. Insurance protection is triple coverage; standard home insurance, E126 Investment business insurance, and hospitality property management insurance. Repairs are managed by our Field Services Management Team. STRs booked through the Air BNB platform receive additional claim coverage up to $1Mill.

E126 Investments relies on two different real estate service partners for daily property operation support: 1) Field Services Management and 2) Hospitality Property Management.
Once a property has been identified and approved for acquisition, our Field Services Management Partner initiates the ONBOARDING Plan. While E126 Investments seeks to acquire newly renovated properties for STR conversion, often we acquire older houses requiring some degree of cosmetic and system updates. Field Service PMs oversee residential property upgrades, coordinate contractor repairs, perform construction management, and ensure compliance with inspections and permits. Field Services also designs, procures, and monitors FF&E installation…a last step before the STR online listing will “go live.”
Once “live,” Field Services handles all property repairs and maintenance requests ongoing.

E126 Investments contracts with regional hospitality property management companies. These property managers perform the “heads in beds” functions: online booking & hosting, guest communications, platform compliance, routine maintenance, housekeeping (*Covid 19 Cleanliness Protocol), lawn services, tree trimming, and damage claim submissions. They offer unrivaled rate optimization techniques, capitalizing on demand related to sports and entertainment, and identify calendar strategies to achieve occupancy deliverables. These managers handle check in/check out protocol, provide 24/7 assistance, and monitor security technology devices.

*It’s important to note E126 Investments LLC contracts with more than one hospitality property manager. Each hospitality partner is assigned similar volume. This reduces capacity failures and enables standards of service for all partners as we grow.            

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JMatt@AssetMe126.com

Tel: 813-460-0224

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