All Forum Posts by: Annie Seurer

 Are you flipping the home? We only work on short term rentals.

What are you doing with the property?

Most great markets are competitive and you are generally taking a risk trying to jump in a 'trendy' market. With that said - markets near feeder cities are good, drive to markets, etc. John Bianchi has some great free videos that I highly suggest watching that will help you analyze markets. 

General tips: design for the target demographic and go above and beyond whatever the competition is doing, ie if the competition has a hot tub and a pool, make sure you have a hot tub and a pool AND a game room, etc. I'm in the design/renovation space for short term rentals, but it's the foundation of success in the STR world.

Hi Alexandra - we are experts in this space and I would agree, bathrooms and kitchens don't provide a high ROI, its the common spaces, amenities, backyard and bedrooms. You want bathrooms and the kitchen to be presentable, but do not go over the top. Spend your money on built in bunk beds, a garage conversion to make it a 4 bed (we find 4 beds perform much better than 3 beds), and your entertainment spaces (living room, game room and backyard).

Want to be in the top 1% of AirBnB listings?  Want your short term rental to make more revenue? 

STR Cribs specializes in turning properties into high-performing short-term rentals with our full-service design and renovation expertise. Our clients see up to 64% higher occupancy and over $50k extra annually.

What makes us different?

-->Licensed General Contractors: Quality you can trust, from foundation to finishes.
-->All-in-One Service: Seamless design and renovation under one roof for efficiency and less stress.
-->True Turnkey Service: We handle furnishings and property essentials, delivering a fully ready STR.
-->Data-Driven Design: We know what works in each market to maximize your returns.
-->Backyard & Garage Conversions: Experts in adding amenities that boost your ROI.
-->Flexible Options: Full-service or a la carte – we tailor our services to fit your needs.

Transform your property into a top-performing short-term rental with STR Cribs!

Book a free discovery call to see what we can do for you. 

Tyler Coon with Savvy Realty might be worth reaching out to. His entire team is STR focused.

I made a decent more than the figures you just quoted in one market so I don't think 80-90k is a ceiling, but I think scaling nationally, or even in 10+ markets would be extremely difficult and quite honestly, it hasn't been done yet (from my knowledge). (By the way, I consider 'scaling' to be a large operation operating nationally or in at least 10+ or so markets) And how long has wholesaling been around? The reason is because of people, operations and the nature of the business. Marketing and leads are the easy part. The rest: hiring for acquisitions and dispositions roles, finding qualified and legitimate buyers, building a network in each market (inspectors, realtors, etc), having robust operations and processes in place, all while conducting an honest, reputable business with homeowners is very hard. Look at any job forum and see how many wholesalers "scaling operations" are looking for acquisitions roles, buyers come and go, and try to make the acquisitions and dispositions team operate seamlessly (it doesn't happen). 

Things change when the wholesaling operation actually purchases the homes and then resells, but that's a completely different model. 

Obviously this is all my personal opinion and someone may prove me wrong - I just haven't seen it. I see a lot of masterminds and 'coaches' selling it, but to me, that says it all.