All Forum Posts by: Akash Y.

@Akash Y. It's a good question! I actually funnel all my external traffic back into my booking company mainly because I do not want to deal with all the other steps like the ones you mentioned. But, for somebody that has the time and means, I would imagine you would just go back a decade (technologically speaking) and send them a contract/policy to sign manually and fax back along with a deposit for damage protection.

It's probably better protection on your property anyway since they are paying a larger deposit down and actually have to print and physically sign a document which means they will read it more carefully. Working full time though I don't have the luxury of that option however so I have to rely on the booking company systems and policies to save time. :)

Hope that helps!

Just so I'm clear you redirect to airbnb/vrbo to complete the booking?

Do you get alot of organic traffic?

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How do you enforce rules if someone make damages or doesn't leave on it etc. (if u book on your own website). I like the idea but worried about the protections offered by Airbnb/Vrbo

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Originally posted by @Kyle S.:

@Akash Y. I actually live in northern anaheim and have been doing a lot of research on vacation rentals throughout Arizona however I have yet to pull the trigger on any, but as far as rentals in my area that are not in anaheim I would probably suggest looking for the cities to the west of Anaheim such as garden grove westminster or costa mesa as they have more to offer than just disneyland. If the primary approach would be for Disneyland but not in Anaheim that would be a little difficult because there is no other city that is exactly close to Disneyland. The primary reason for the other cities are simply that they give access too both disneyland and close to the beach cities without actually getting into beach city pricing though Costa Mesa would be pretty high as well but still not in the Millions like you would be looking at if you went to any of the actual beach cities.

My fear in regards to this is it would be extremely hard to say rent out as a long term rental and still maintain any kind of cash flow if the vacation rental side is not as strong as you think. All of this is simply my knowledge of the area as I have yet to jump into the real estate investing world but I have lived in the area for 30 years so I may be able to help explain areas if you had any more specific questions on it.

Kyle

Ive been looking at Garden Grove... is GG Westminster a different city?? The north end of GG is pretty close to DL... Have you actually looked at the any STR listings? To me it looks like the occupancy rates are good... I;m about to purchase the Airdna report right now so i'll let you know what I discover.

GG is also close to the convention center, Angel stadium but like you said DL is the main attraction.

Nice talking with you...

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Hey everyone, currently I have a successful Airbnb in Scottsdale, AZ and I'm looking to increase my portfolio of STRs. I'm looking at the cities around Anaheim that are close to DL. Because Anaheim will be banning STRs towards the end of the year I think some of these cities are good to target. Purchase prices are a lot... 600k+ and I'll need to put some money in renos because most homes aren't in good condition at this price.

Looking at other hosts' calender's it appears booking are pretty solid for months in advance.

What are your thoughts on buying a house for STR that's priced this high? I have the means to purchase but just want to hear some of your opinions on this strategy, location and high purchase price.

Thanks...

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does it book all year around ? how do u know this ?

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Originally posted by @Larry Smet:

Hi @Akash Y.

It sounds like a good question for the lender as well as Canada Revenue Agency or your cross-border accountant. They should be able to give you the advice you're looking for.

Let us know the verdict after those calls.

Good luck!

Hi Larry,

do you have someone in mind that I can speak to? I don't have a cross border accountant but I am looking for one.

I'm still seeking an answer to this. Would my intent at the time of the application play a role in what type of load I would apply for? I'm getting mixed answers online.

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Originally posted by @Alex Rodriguez:

I second Kissimmee. I live here and have two listings. Demand is basically year round. You can check out year to date Airbnb demand analytics for free on Airdna. Just sign up for a free account.

Furthermore, you can find pretty good deals. Ex: A nice 3b3b condo in a gated neighborhood close to the parks for 150k.

Best,

-Alex

I've looked into Kissimmee and occupancy rates look good. Close to DW but I'm noticing a lowe nightly rate for 4 bedroom houses that sleep 16 people than say my 2 bedroom condos in AZ that sleeps 6 and costs 150k.

Purchase prices in Kissimmee are really good so I just might take the plunge and purchase a 4 bedroom home with a pool.

Seems like occupancy rates are really high which I like it just the lower nitrates which I am currently looking into.

Does Air DNA help me analyze the properties nightly rates. I have a free account, should I purchase a report for Kissimmee

Alex are you a realtor. Can I send you a colleague request?

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so you live in it for 12 months? The thing is i live in Canada and will be using this second home part time during the winter months. So it's an actual second home that I want to rent on Airbnb/VRBO while I'm not using it.

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Hey guys a quick question. I live in Canada and want to purchase a second home in California to use for me and my family for vacations and to rent on Airbnb when I'm not using it personally.

Speaking with a cross border mortgage bank that will use my Canadian credit in a USA mortgage. If it's a second home I need 20% down, if it's an investment I need 40-50% down.

Just wondering what the min # of days need to be (that I need to live in the home) to be eligible for a second home mortgage.

If I need to put down up to 50% I wont be able to do this and I dont want to commit mortgage fraud either.

Any advice is appreciated.

Thank you

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Congratulations. How many people do your airbnbs sleep? What's your average nightly rates?

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All Forum Posts by: Akash Y.

Akash Y. has started 15 posts and replied 69 times.

Post: How to add a VR reservation page to my website

Post: How to add a VR reservation page to my website

Post: STR around DisneyLand (not Anaheim)

Post: STR around DisneyLand (not Anaheim)

Post: Vacation rental in Flagstaff, AZ

Post: mortgage for second home vs investment property

Post: STR cities with year around bookings/guests?

Post: mortgage for second home vs investment property

Post: mortgage for second home vs investment property

Post: Investor in Anchorage, Alaska