Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 almost 6 years ago,

User Stats

4,508
Posts
4,192
Votes
Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
4,192
Votes |
4,508
Posts

Workforce housing for a group of people

Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
Posted

I normally deal 1 on 1 with my tenants in my STRs.  I rent to contractors working at a refinery.  Their company gives them a per diem, and they are free to choose where they stay.  I normally have no interaction with their company.

This week I'm meeting with a project manager (that lives 35 minutes away) to show him my STRs.  He is currently paying $500/week/person to house his out of state crew in a nice hotel (the kind with a pool and breakfast).  I can house his people for $200/week/person.  He's going to have between 15-25 people here for the rest of this year.  

After I show him the houses, he has to pitch the idea to the vice-presidents of his company for their approval.  His company has 90 branches with 5500 people.

I know in some industries, it's common to give a commission or finders fee to the person that helps you make sales (or rentals, in my case).  If the project manager knows that he'll get a finders fee, he is going to make a better case for my STRs in front of the vice-presidents.  

My concern is that the actual people staying in my STRs are going to grumble because nobody cleans their room every day, there's no breakfast waiting for them, no pool, etc.  And more importantly they're going to complain that the company is saving money by renting from me, and they get no share of the savings.

What would you do?  I know my STRs are hands down better than a hotel room.  Full kitchen, washer/dryer, smart tv's, wifi, outdoor grill, etc.

Loading replies...