Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

1
Posts
2
Votes
Alice Yu
2
Votes |
1
Posts

STR setup in Dallas

Alice Yu
Posted

I am new to this community. I have recently closed a SFH house in Dallas remotely and looking for someone who can setup and furnish my property as short term rental. I talked to Vacasa their fee is crazy. They told me the ballpark upfront cost for setup a 3B house is 25K-40K.... And I have to sign a management contract with them. Any recommendations on local company or agent can do such setup work?

Most Popular Reply

User Stats

936
Posts
708
Votes
Ryan Blake
  • Lender
  • Texas
708
Votes |
936
Posts
Ryan Blake
  • Lender
  • Texas
Replied

@Alice Yu I suggest you don't pay $25k+ to furnish. I run my AirBnB in the DFW area and I paid $8k to furnish the place (3/2 with 1,400 sq ft). I could go into detail but I don't think it is necessary, just to say that you need to find out what your place needs. The most basic question to start with is why are people coming to your area? If they are going and making your house the destination, then you will need to spend more to have "extra" activities and amenities. If they are there to visit the area and are using your place just as a hotel to sleep at night and maybe cook a few meals, then you can get away with much less.

I have ran my place for 3 years now and have changed very little furniture of the original $8k I purchased. I charge $229/night and am booked 75% to 80% most months... And before I get blasted, yes I am raising my rates so that I can go down to 60% to 65% occupancy (considered the ideal number by many investors for STRs)

  • Ryan Blake
  • [email protected]
  • 214.420.7324
  • Loading replies...