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Updated almost 8 years ago on . Most recent reply

User Stats

61
Posts
25
Votes
Charlie Claxton
  • Atlanta, GA
25
Votes |
61
Posts

GA Short-term housing operators, investors, those with interest

Charlie Claxton
  • Atlanta, GA
Posted

Hey all!

I thought it would be fun to start a conversation for those currently involved in the corporate housing (short term) business. Would love to hear from anyone who is already in the business- their experience (good and bad), challenges, what is working, etc. - would also love to hear from those that are thinking of investing, learning, getting involved, etc.

Since the family got involved in investing in short-term housing a couple years ago (www.SpaceShareAmerica.com), I have found that the learning NEVER stops.. Our business is a cross between a hospitality, concierge , and corporate housing company.  We specialize in providing housing to the film and television production industry- and through this we are able to achieve rents that are 2X-5X the average monthly rental. But with the good, comes the bad- there is a ton of work and turn over that comes with operating these kind of properties. In the last two years, this division has grown to have access to over 150 units here in Atlanta (with plans to expand to our hometown of Savannah),we have full time house keeping and maintenance crews...even with all of this, I sometimes find that me and the staff are busier than a one legged man in A butt kicking contest on the days that we have productions come into units. --We always try to keep our units 90%+ occupied (so that our returns to the investors stay robust)... But sometimes keeping these holes filled, we have had to partner with 17 different platforms ontop of our existing marketing to keep us full. Airbnb is at the bottom of our list for sure---I would love to hear about other's experience on this platform.

I would LOVE to hear what is working for everyone else-- exchange some ideas, etc etc..

Most Popular Reply

User Stats

405
Posts
110
Votes
Davon Lowery
  • Investor
  • Whitttier, CA
110
Votes |
405
Posts
Davon Lowery
  • Investor
  • Whitttier, CA
Replied

we currently have 2 duplexes, however, selling one to do flips and obtain rentals in Atlanta. @charlieclaxton

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