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All Forum Posts by: John Underwood

John Underwood has started 110 posts and replied 12364 times.

Post: Personal Days Ahead of Renting the Property

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319

Days primarily working at or on the property are not personal use days.

Post: IRS Definition of Rental Days and Personal Days

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319

I believe the general consensus of a day is how many nights.

So if you show up on a Tuesday and leave on a Wedsday that is one night.

Post: Visitors to Great Smoky Mountains National Park off 1.2 million from 2023

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319

Great information.

Luckily we are still doing pretty good. June is our best month so far. We have a lot of people that come back every year. 

If it doesn't fill up in certain months then that gives me an opportunity to go up.

Post: Pivoting in the Short Term Rental Market today? (PM's & Cohosting)

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319
Quote from @Gi'angelo Bautista:

@John Underwood @Michael Baum  there are PM's on this specific forum too...


 Ok

Post: Pivoting in the Short Term Rental Market today? (PM's & Cohosting)

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319
Quote from @Michael Baum:

So @Gi'angelo Bautista, most of us here own our own properties.

Managing a hotel is really not the same as co-hosting a STR IMHO. You can get a 4 year degree is hotel hospitality and all the folks that I know who run hotels have that degree.


 Yes we are investors. PM and co-hosting is just a job.

Post: Pivoting in the Short Term Rental Market today? (PM's & Cohosting)

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319
Quote from @Gi'angelo Bautista:

Hey Everyone, our market (the SF Bay Area) has had short term rental ADR's drop a lot to the point where long term makes more sense to landlords after all expenses. Some areas in the Bay Area are still doing okay, but lower than before depending on house size. Many landlords are shifting from short term to long term or mid term. Mid term is flooded because of short term rental regulations. What are you all doing to expand your business when the STR market is shrinking?

Are you just going to other markets like actual vacation markets? 
Have you all tried to get into managing hotels/motels? 
Have you just pivoted to adding LTR management?
Are you adding commercial services? 


 Just buy more LTR house till market shifts.

I am paying cash and getting great deals on distressed houses or from motivated sellers.

Post: STR Furniture Setup

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319

I've seen a checklist on here in the past. You should be able to search and find it.

Post: 2/5 Concerts, Chaos & Cash: Why Mexico is a Gold Mine for Event-Driven Rentals

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319
Quote from @Ciro Antonio Martínez Morales:
Quote from @John Underwood:
Quote from @Michael Baum:

Mexico isn't easy to buy and manage from the states. I haven't done it by we have a couple people on here that are very knowledgeable about Mexico and it can be fraught with issues.!

@Mike Lambert for one is someone I trust and maybe he can comment.


 Too much risk and dangers with Mexico.

I prefer to have my investments in the States and I can travel internationally if desired with the local profits.

Hi John, I really appreciate your comment, genuinely curious, what led you to feel that way about Mexico?

Coworkers told me how scary it was and not to stray without armed guards.

Post: Co-hosting Feedback and Insights

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319

Offer the biggest bang for the buck.

And as other have said make sure you are licensed and insured to conduct this business.

Post: 2/5 Concerts, Chaos & Cash: Why Mexico is a Gold Mine for Event-Driven Rentals

John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Investor
  • Greer, SC
  • Posts 12,563
  • Votes 15,319
Quote from @Michael Baum:

Mexico isn't easy to buy and manage from the states. I haven't done it by we have a couple people on here that are very knowledgeable about Mexico and it can be fraught with issues.!

@Mike Lambert for one is someone I trust and maybe he can comment.


 Too much risk and dangers with Mexico.

I prefer to have my investments in the States and I can travel internationally if desired with the local profits.