All Forum Posts by: Andrew Steffens

+1 to seek a more STR investor friendly area, they are out there!

Not to be negative, but I second what @Collin Hays said.  PM's are dime a dozen, what is your competitive edge?

I am headquartered in Tampa but offer limited service (includes marketing) all over FL.  I did experiment with paid ads but as @Collin Hays mentioned it is prohibitively expensive.  As a manager I may spent $100-200 per reservation brought in to our direct site that only nets me $80 commission on a short stay at a small unit.  That said if you are just sitting there your manager likely is not doing something right i.e. marketing on more platforms, and more likely not optimizing your pricing strategy.  Im happy to take a look for your if you want.  Good luck!

+1 for DSCR with a lender that can use AirDNA projections for the income calculation. There are some lenders here but if you need a referral send me a DM I am glad to share my contacts. Good luck!

 

I am not too far away in Tampa.  Personally I use AirDNA (premium version with comps).  I then check the data against live comps on Airbnb/VRBO.

The rules work in your favor, until they do not.  Its a moving target in cities like this.  This is obviously just my opinion and I am spoiled by Florida's state law stopping jurisdictions from enacting new laws or changing existing laws.  But happy you are finding success there! 

I saw some Vail related groups on Facebook that may be of some help.

I have encountered this once, we put it as a Community fee and put in the listing the cost and made it clear where it was included.

I second what is said above that most people do not look too much into this, they just shop via total cost.

I think Steadily insures in all states, they have been great for me in FL.  DM me and I can send you a link to the team that helps me there.

I think, for once, this is a good move by ABNB.  It did cause me to change my pet fee structure, but c'est la vie.