All Forum Posts by: Andrew Steffens

We have had a good experience with Streamline, but it is typically used by medium to larger PM's

We have 60+ units in Florida (Tampa metro mostly).  We are uniquely positioned to be one of the larger local providers so we have some reach (being integrated with Marriott HVMI, Jetblue, Google VR, Allegiant etc - these companies only work with 50+ units PM) but not so large we have high turnover and general disdain from our clients and renters like Vacasa.  In my opinion find a good local company where you can see their operation up close but big enough to have the important technologies and processes down pat.

The importance of properly pricing your property! We rely on software, but if you have just one you should still model your pricing strategy the same way hotels/airlines do.  Know your high and low seasons and how your market books and know your competition.  Otherwise you will be leaving money on the table whether priced too high or too low

If no contractor will sign a penalty clause, incentivize them to hit budget and time deadlines instead.  The flip side is once they realize they will not hit their bonus you may be de-prioritized.

I agree to take with a grain of salt due to authors inherent bias.

That said, there are good points.

I also believe it is market dependent.  I see here on BP there are markets now that used to be good and are now experiencing high vacancy.  I think the industry will some what get back to its roots/basics.  Traditionally good markets like beach/mountains/urban with high tourist draw will continue to do well if properly managed and those who are not will suffer.

 Got it, thanks.  That is good pricing.  We are leaving Beyond Pricing for RevMax due to pricing

Hi Melanie! Im a real estate broker and also co-own a PM company in the greater Tampa area.  Feel free to contact me with any questions!

In my experience all DSCR lenders will lend (if not require) property to be in an LLC. An example would be @Tyler Solomon

Hi Cody

Are you looking to invest in an STR local to you (it shows Idaho)? Really all you need to start is a mortgage professional (if obtaining a loan) and a savvy realtor to get started, then once you acquire the asset move on to the next phase (management?, accountants, lawyers (do not think you should need), etc).

 My pleasure! We are now connected - please feel free to reach out with any questions