All Forum Posts by: Adam Odom

Ok so sort of a follow up question - this house is really nicely done but not really "beach" themed. I want to make it more coastal with the furniture/pictures but also don't want to take away too much of the formal piece considering some of the guests (especially higher paying ones) might appreciate a little bit of formal feel. For example, they had a 4 post bed in one of the rooms which I'm sure is expensive but not really what I expect for the beach. We're going to repaint and rearrange some of the bedrooms to accommodate more to families but don't want to overdo it either and take away some of the older crowd that rents out for their kids/grandkids. What do you think about this piece of it?

@John Underwood normally 10% but they discounted first year. I work a 9-5 though and don't want to do it myself for sure. I just know they will only do so much themselves and want ours to stand out over other properties.

Great - keep them coming! To clarify, we are actually using a rental company and not doing everything ourselves but I know superhosts always go a step above and I want to do as much as I can on my end to make sure they do their part well.

We've recently sold a condo in Myrtle Beach and bought a new beach house in N Myrtle Beach/Cherry Grove and I'm looking for some top suggestions for features that guests love to see in a property. We thought we had done a good job with our condo until a superhost bought it and did a few things we didn't think about over the years (dedicated work space/desk, high chair, pack n play) and I just want to start with fresh eyes and suggestions. What do you personally do to make the best impression and get the most revenue? Some main points: we have a pool, 4 bedrooms, and are walking distance to the beach and Cherry Grove fishing pier. One thing I am definitely copying from another Airbnb we stayed at is putting in a "favorite places/things to do" sheet to really personalize the experience to where our house is compared to others. Let me know what you've seen to really make your property stand out over others and thanks!

@Robert Shedden be very careful on scamming - working in a bank we see cashapp abused a LOT. I would definitely do like someone mentioned and have that payment reversed instead of sending back your own money. They could do a dispute and then you have a mess.

@Larry Bowers I had the exact thing happen to me - had a medical bill not covered and they sent a bill to my CHILDHOOD address I haven't lived at since 1997. It was $45 and some change. I've never had insurance in my own name at that address so no clue how they got it. I called and told them I would pay in full over the phone with the agreement they completely remove from credit. They agreed, but instead marked as "paid" collection which still hurts you. I called a second time and had them remove it completely as promised. It took 60 days but spiked my score back up 120 points or so where it should have been. Definitely worth a few calls but stay after them to make sure they do what they say.

@Joe S. as a banker the other question I would have is was it a "full" appraisal or an internal valuation done by the bank? On commercial deals where I've worked we wouldn't give out an internal valuation (even though you pay for it - although less than a full appraisal by a lot) because they don't want you to take that as a valuation to try to dispute with the assessor. They are much less in depth and only used to cover the underwriting requirements. 

@Jacob Greer I'm a banker and get this question all the time - unless they have changed after COVID TD Bank is the one to check for sure. Most community banks even now won't do them. I called a TD branch myself to verify and she told me they did them (that was a couple of years ago so policies might be slightly different).

@Will Gaston the story about your wedding reminds me of one of mine. I was buying a ring for my now wife and had 3 different houses under contract. Two of the 3 fell through but my wife had no clue I would actually propose because she thought I was broke! The one I bought ended up being a good one. I bought for $36k and put maybe $25k into it, rented it for 3 years, owner financed it, took it back with no real money lost since he put $5k down, then sold it for $96k. The ring I would say has been a good investment so far too :)

@Brian Ploszay you beat me to it. The title is catchy but really it's "self employed" not retired. It's a great story for sure but folks need to realize collecting rent is just a small part of owning property.