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All Forum Posts by: AJ Satcher

AJ Satcher has started 49 posts and replied 109 times.

Post: Differences in Virtual vs In Person Cost Seg Study

AJ SatcherPosted
  • Investor
  • Atlanta, GA
  • Posts 111
  • Votes 55

I have a small SFH STR 3BD 2BTH, less than 1,000 sq ft. Is it recommended to do a virtual or in person cost seg and why?

Quote from @Dominic Mazzarella:
Quote from @AJ Satcher:

I am currently house hacking with an upper/lower setup - I occupy the upper. The lower unit is a basement/guest suite. As I approach my move out strategy where I will be converting my upper unit into a STR, I often think of guest interaction amongst the two units. Specifically I think a lot about the smells that travel through the duct work between the units. We have a single HVAC system that heats/cools the entire home. Often I can smell scents from the lower unit that aren't pleasant (cooking, smoking, etc). One time I had a guest smoke and it went right up the ducts into my unit, it was awful.

I'm conscious about how that could potentially affect guests who will be staying in the upper unit in the future. I know I can't be the only one who has had this setup before, so I am just looking for thoughts, advice, experience, etc. Even if you haven't been in this kind of setup before, I am curious to hear your opinion. For us STR hosts, I know we are very conscientious about guest experience and I want to be proactive about doing things to ensure my business operates successfully.

Thanks!


One option might be to explore adding air purifiers or filters directly into the system to help mitigate odors. Another idea could be to see if the HVAC system can be adjusted or modified to better separate the airflow between the units. That would probably require a professional. 

Since you’re considering converting the upper unit into a short-term rental, you may also want to implement strict rules around smoking or strong odors in your house rules to avoid future issues. I know hosts have included additional cleaning fees for violations as a deterrent.

If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment. Smart move thinking ahead about guest experience. Good luck! 


 If only short term rental guests actually followed rules! LOL. Thanks for the insight!

I am currently house hacking with an upper/lower setup - I occupy the upper. The lower unit is a basement/guest suite. As I approach my move out strategy where I will be converting my upper unit into a STR, I often think of guest interaction amongst the two units. Specifically I think a lot about the smells that travel through the duct work between the units. We have a single HVAC system that heats/cools the entire home. Often I can smell scents from the lower unit that aren't pleasant (cooking, smoking, etc). One time I had a guest smoke and it went right up the ducts into my unit, it was awful.

I'm conscious about how that could potentially affect guests who will be staying in the upper unit in the future. I know I can't be the only one who has had this setup before, so I am just looking for thoughts, advice, experience, etc. Even if you haven't been in this kind of setup before, I am curious to hear your opinion. For us STR hosts, I know we are very conscientious about guest experience and I want to be proactive about doing things to ensure my business operates successfully.

Thanks!

Quote from @Sarah Kensinger:

I would say your property is probably pretty far down the list since it was blocked off for months. The algorithm is properly ignoring your listing now. Instead, I've heard of hosts raising the nightly rate high enough it won't book or setting a 30-day minimum stay and had no issues with a double booking. I've never done that but it's a suggestion you could consider.

Just did an incognito search and yea, the listing is buried now

Quote from @Michael Baum:

Hey @AJ Satcher. So I am not completely sure but maybe it is because it was blocked for so long. It is possible that it has been moved way down the list.

Have you tried searching on a private or incognito browser to see where it shows up when you do a search? Then you might see where you fall in the list. Must be a lot of competition in the Decatur area?

Next up I would give AirBNB a call or send an email and ask them about it. They might be able to tell you why and help you move it up the search results for a while to help.

I agree that lowering the pricing could be a mistake. You will start getting the dregs who could trash your place.


 Great points, thank you

Hi all,

So it's been almost 3 weeks with no Airbnb booking. This is for my 1 bed 1 bath unit and for the past 6-7 months, I had it blocked off on Airbnb because I had a mid term tenant in there. We typically use this unit as a mid term rental and then in between time while we try and fill the vacancy, we list it on Airbnb. We have done this for over a year now and this strategy has gone really well.

We are very experienced in the STR space and understand that getting bookings is multi-faceted (ie. listing photos, reviews, amenities, PRICING, description, seasonality, etc). I've been tweaking nearly everything and still nothing. The pricing is very competitive and I feel like if I drop it any more, it just won't make sense.

I'm not really sure whats going on now and I'm trying to solve the problem. I'm wondering if I'm being penalized in some way for having my calendar blocked for so long. I'm in the Decatur, GA area. Any thoughts?

Quote from @Jonathan Greene:

You don't have a great case for a tax appeal here because it looks like it was upped based on the renovation and improvements done prior to you buying it. That is to be expected and it usually falls within the acceptable rate at the time. You can win most tax appeals when your taxes are just out of whack for comparable properties so if you can find examples of similar properties with lower taxes, that is the only way you will win.


 Thanks!

Hey BP Community!

So I got hit with a triple whammy on taxes. I bought a house-hack last summer in which the sellers made significant improvement to the property. The tax assessment last year was based on the home's prior condition but fast forward to this year and the taxes have doubled. Not only that, but I missed the homestead exemption deadline. AND I missed the tax appeals deadline for my county.

This one hurts and I am definitely going to have to bite the bullet on this one. Learning moment for sure. But I want to know if anyone has had any luck with the tax appeals process? And if so, what exactly would you go about appealing? Any other related advice would also be appreciated!

Thanks!

Post: Looking to Connect in the ATL Metro Area - Investors and Wholesalers!

AJ SatcherPosted
  • Investor
  • Atlanta, GA
  • Posts 111
  • Votes 55

Hello everyone!

I am investor in the Atlanta Metro area with multiple rentals and I am a newbie to wholesaling. I already began the education phase and now I am itching to take action. What better way to learn the game better than working directly with a wholesaler, who is actually out doing deals?? If you are the person, please connect with me!!

In the mean time, I am looking to grow my cash buyers list. If you are an investor looking for deal flow, please also connect with me.

My goal right now is to just focus on doing my first deal. I don't want to put any additional pressure on myself by setting expectations in an area I am just getting to understand. HOWEVER... I am hungry and highly confident that after that first deal is done, the sky is the limit. I already have a list of about 5 prospective properties that I think might be great investments in the growing Decatur area. So although I am a newbie to wholesaling in particular, I am eager to do what it takes to earn your trust, generate deal flow and help your business thrive.

**Also, I am looking to get my hands on an assignment contract for my investors**

Post: Arbitrage Utilities - Who Is Typically Responsible?

AJ SatcherPosted
  • Investor
  • Atlanta, GA
  • Posts 111
  • Votes 55
Quote from @Sarah Kensinger:

Probably would depend on the landlord and arbitrager. Although some utilities just work better if they are tied to the actual owner. So, whatever you both decide works, make the agreement on that arrangement.


 I was thinking this. Thanks!