All Forum Posts by: Anusha Udas

@Bruce Woodruff: I agree. This year we made a lot of purchases from that account and that's why the net is low. Moving forward, I plan to do better. Thank you. What kind of ratio do you aim for?

@John Underwood: Thanks for writing all that. You made me think. I'm definitely going to try to keep it and find a way. I needed to hear that. We are maxed out on equity line against properties but I will do my best to find other options.

@Luke Carl: Thank you. That's what I was guessing as well. Looks like you're in the area. Do you prefer one furniture store over the other up there. 

@Jeff Gold: YTD Gross was $79,000 and Net $26,000. 

Hello All, 

I have reached this decision making point and looking for advice. I have a very well performing 3 bedroom/2 bathroom cabin 5 minutes from downtown Gatlinburg. A great opportunity for a 5 bedroom/5 bathroom, non-furnished has come up. I would have to sell the 3 bedroom to get this 5 bedroom and then furnish it. With the cost being so high, and also the additional cost or financing of the furniture, the projected difference in cash flow is very little. I am already under contract for a different 5 bedroom cabin. Having never tested out the market for a 5 bedroom cabin for the entire year, would it be wise to consider selling the 3 bedroom for a second 5 bedroom without seeing how one would do?

I don't want to sell a well performing property but that is the only way to acquire the new 5 bedroom property. 

Generally, what does it cost to furnish a 5 bedroom house in your opinion?

@David Bergmann

Thank you David. I’ll try them out. 

@Ken Boone I see. I will give it a try. Thank you so much for your help.

Thank you @Ken Boone. Appreciate the suggestion. I'm looking into YourPorter. Does it also have a task management and analytics section? I didn't see it in the features section of the website.

@Terrell Hill: Thanks for the suggestion.  I looked into Ownerrez a little bit. I'm going to ask you the same question. Do you have analytics and task management on it? I was very attracted to the amount of automation Guesty's demo advertised. The analytics and task management was a big one for me to save time. Also, it looked like you could branch out into property management for other owners as well. 

When I did the hostaway demo, they said that Guesty's customer service is sub par if you have very few properties on them. 

Greetings All,

Just wanted to check in and see if anybody has used either of the two or both. I watched both their demos and got the pricing infos as well. Guesty seems to have a lot more features and analytics but they charge more as well, understandably. Hostaway told me Guesty charges a percentage of the revenue in addition to the monthly subscription fee. I have a call set up to confirm that but does anybody know?

 I have 5 STRs. Wondering if it is worth it? Would appreciate the input and also, if there are better alternatives.