STR / MTR Question

[Neil Smith]

BP friends,

My wife and I have a house in Arvada, CO. It's a 5 bed, 4 bath 4000 SF single-family home that we're currently using as a short-term rental. An arbitrage company recently approached me offering to pay us, per month, about what we're making per month as an STR. My first thought was that to be able to make the same amount of $ per month without actively managing it sounds pretty enticing. But, my second thought was that if the arbitrage company is able to generate substantially more per month than I currently do, then why can't I?

We have it listed through RedAwning, a company that markets the property on many of the usual channels  - AirBnB, Booking.com, VRBO etc. 

The home isn't super close to anything, but is relatively close to a lot of things. Hospitals, Golden CO, Denver CO, Boulder CO, Olde Town Arvada etc. are all within a 20-30 minute drive. 

From your experience(s), what else can I be doing to generate more and higher-dollar bookings with this property? 

Here's a link to the  AirBnB listing

Thanks in advance for any advice from experienced MTR and STR investors.

Neil

[Joel Case]

Ditch RedAwning and do it yourself. Get Hospitable, Pricelabs, and Turno. List it on AirBnB, VRBO, and maybe Booking.com which can all be managed by Hospitable. Get a Schlage Encode lock for the front door, Hospitable will automatically generate codes for the guests. Fix the "Where You'll Sleep" the bunk rooms aren't correct from what I can see. Clean the windows, stage it up nice with everything in place and pay a professional to retake your pictures showing the actual foosball/ping pong/etc in place. Use ChatGPT to write an inviting listing. And take all the advice already given above, not a piece of it that I don't agree with.