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All Forum Posts by: Brandon McLean

Brandon McLean has started 10 posts and replied 117 times.

Post: I want to rehab/flip - how to start?

Brandon McLeanPosted
  • Investor
  • Knightdale, NC
  • Posts 122
  • Votes 74

With all due respect and due to a lot of what you said, I may suggest buying more rentals closer to the turn-key side of things.  Flipping is not "staying retired" at all, and if you can't "fix a lightbulb," chances are you'll have a hard time knowing when contractors are up-selling you to the moon and back.  Usually but not always, the best flippers have extensive construction backgrounds, or at least very well connected to someone who does.  Good luck, and if you have any specific questions about the Raleigh market please send them along and I'll do my best to help you!

Post: Releigh and Durham markets

Brandon McLeanPosted
  • Investor
  • Knightdale, NC
  • Posts 122
  • Votes 74

Raleigh and Durham are two completely different markets that happen to be in the same state with the same MLS. I would argue that almost nothing you learn about Durham will help you in your search for knowledge about Raleigh. Apples and Oranges my friends.

Post: Flipping partnership going to court on debate of renovation costs

Brandon McLeanPosted
  • Investor
  • Knightdale, NC
  • Posts 122
  • Votes 74
WHY ARE SOME OF THE REPLIES BLANK?!

Post: Closing above the purchase price?

Brandon McLeanPosted
  • Investor
  • Knightdale, NC
  • Posts 122
  • Votes 74
Otherwise known as “mortgage fraud” which is a felony in all 50 states. Get the thought of lying to any lender about anything out of your head right now. Good luck dude.

Post: Should I not invest out of state?

Brandon McLeanPosted
  • Investor
  • Knightdale, NC
  • Posts 122
  • Votes 74
Why are there SO MANY blank posts in this thread? And in lots of other threads in the forums lately? What is happening?

Post: Should I not invest out of state?

Brandon McLeanPosted
  • Investor
  • Knightdale, NC
  • Posts 122
  • Votes 74
Maybe you should consider moving to a more realistic market.

Post: Stessa for Managing Real Estate Data?

Brandon McLeanPosted
  • Investor
  • Knightdale, NC
  • Posts 122
  • Votes 74

I'm having trouble changing a unit from Vacant to Occupied. I feel like I've clicked everywhere.  Anyone have any suggestions?

@Julia Parslow @Jonathan Breton Yes I personally don't want to stay anywhere without Wifi.  However, we operated a luxury home as an Airbnb for 5 months with no TVs and no Wifi.  Stayed 91% occupied and averaged $192 per night.  

I've got another blog post written that is basically a list of things you may not need.  HINT: TV and Wifi are on that list...

We noticed that as long as we had it in the Airbnb listing clear as day "This home does not have Wifi" we didn't really have any problems.  Early on we didn't have it so clear in the listing and it made for some interesting conversations with guests. After we put it in the listing in all caps, once in a while we would get a message from a prospective guest something like "Does the home really not have any Wifi?" and it was a coin-flip if they would go on to complete the booking or not.

@Kathy Hansen LOL awesome.  And I guess it proves that EVERYTHING in real estate is negotiable.  


Personally, we wouldn't have been able to sanely keep up with it without a dishwasher. But I guess if you can then it absolutely can be done. Thanks for responding, good luck in the STR space :)

The 15 Essential Items Every Short Term Rental MUST HAVE

Whether you're listing your space on Airbnb, VRBO, Homeaway, or with a professional property manager, you will need a whole bunch of items that guests expect to see and make your life as a host easier and more profitable. Here's a list of the 15 things we've identified that every STR needs.

1 - An extremely detailed HOUSE MANUAL to make it easy for guests to follow the rules and enjoy themselves. This goes for in-house signage too. Don’t assume anybody knows anything about anything

2 - A CLEANING PLAN!! You have options! But whatever you decide (professional maid service, hire someone specifically and train them, your spouse, your nephew, assistant) make sure whoever is cleaning knows EXACTLY WHAT YOU WANT THE PLACE TO LOOK LIKE WHEN THEY ARE DONE. I CAN’T STRESS THIS ENOUGH. Use a meticulous Housekeeper Checklist to make in-between-guest-cleanings easier and faster...even if it is YOU doing the cleaning.

3 - A very detailed, stern, honest, fair, gracious, and welcoming HOST who has the capability to run a tight ship through any storm. A lot of your STR success will depend on you, your systems, your rules, and your common sense. You are awesome for even wanting to do this in the first place. Don't let one bad review or one picky guest rock your boat.

4 - A WHOLE BUNCH OF CLEANING SUPPLIES and to make sure your guest know where they are! When humans get together and embark on activities there is no predicting what strange messes will occur! Puke! Baby poop! “Service Animal” Accidents! Muddy Boots! Pizza Sauce! Red Wine! YOU WANT TO GIVE YOUR GUEST THE EASIEST AND FIRST OPPORTUNITY TO CLEAN UP MAJOR MESSES AND SPILLS AS THEY HAPPEN. Have carpet cleaner, clorox wipes, rags, sponges, paper towels! everything!

5 - Entertainment! Something to do! Whether it’s TV’s a whole bunch of magazines, board games, decks of cards, Frommer's books about the area, whatever, have something for your guests to do while they’re stuck indoors on a rainy day.

6 - Rules about NOISE. You must make it very clear to your guest that they must not disturb the neighbors. See our House Rules in the Saved Responses Section of the Airbnb Paperwork System for our wording on how we charge a fee if the neighbors complain to us about guests’ noise.

7 - Coffee Machine. Drip, Keurig, whatever...just have one.

8 - Cooking supplies...you will NEED at least a few pots and pans of various sizes. Nothing special, stirring spoons, tongs, ladles, a cutting board, mixing bowls, all the normal stuff you’d see in a kitchen - the guests expect it. A lot of guests will go grocery shopping on the way to your home.

9 - Enough Place Settings (plates, bowls, silverware, glassware, cups, mugs, etc) for everyone that you have room for. If your listing says you can sleep 12 people, you better have more than 6 place settings.

10 - Vacation Rental Insurance. VERY IMPORTANT. If you have a major insurance claim or a fire or something, and your insurance company finds out you were renting out rooms or the whole house and you never told them, you and I both know that insurance company will do everything in their power not to pay.

11 - Fire Extinguisher. The Application for Vacation Rental Insurance from CBIZ specifically asked if the home has a fire extinguisher in the home.

12 - First Aid Kit. Accidents happen!

13 - A very clear, detailed, easy-to-read, RENTAL LISTING with lots of Pictures. The more info you can give to your guests and the more transparent you can be about all the different and unique aspects of your property or hosting style will pay you dividends.

14 - Dishwasher! Not negotiable.

15 - A sense of humor. You are embarking on a really cool and really fun journey. You are going to have some amazing guests who will touch your heart, and they will be immediately followed by some finicky frugal Freddie who will steal your salt and pepper shakers. You’re about to have all kinds of “You Can’t Make This Stuff Up” kind of stories. You must have thick skin and the ability to laugh when things seem like they’ve gone wrong.

We know there are more than 15 things you need in the home, so comment below of there's anything you would add to the list.

I CAN HELP with a a few of these items too! For a detailed House Manual, Cleaning Checklist, and MORE, hit me up.