All Forum Posts by: Anand S.

Hi, I have a couple of my STR properties listed for sale. A buyer is interested and is asking to see the books (income/expenses). At what point is it customary to share this? I want to at least see a POF letter. I'd ideally like to see a contract with an income contingency that is provable, e.g., I'll buy your home for $2.5MM with the contingency that you can prove it makes $30K/month.

Check out Peerspace.com. You can list your home for photo shoots and other events. I have my homes listed there and we get inquiries all the time. The issue I'm having is that the inquiries are always for the weekends and my homes are always booked for STR.

We doubled prices so it's a standard amenity now. I'm real generous :)

Anyone have experience with this?

I forgot to mention that I gave my cleaners a 25% raise because I was getting bookings that averaged a week or more -- tons more money for me but less than half for them since there were less turnovers. I wanted to make sure they didn't start prioritizing other homes over me since they had to start looking for other work. 

It's a great option to eliminate liability and maintenance while still getting the benefits of marketing the perk and making a little extra.

We partner with local vendors that rent these. We get a referral fee for anyone that rents from them. They mention our name for a small discount and we collect our referral fee. We do it with slingshots, jetskis, bikes, golf carts, etc. We have a placard in the home with the company and the toys they rent. 

My cleaning costs were 10% of a typical 3-night booking (my minimum) but now they are 5% since I doubled my rates. Less if they book for longer than 3 nights. 

South Florida has an almost year round season (Sept is slow due to school starting back) and nightly rates are pretty solid. 

 I find it more effective to go directly to AirBnB and VRBO and search for similar homes in the area I am researching. Being able to see their pricing and occupancy along with the product they are selling is more "apples to apples" and gives me an idea of what I have to do to compete.