All Forum Posts by: Brett Deas

I have done this once before, and it can work. It does help for a smoother transition period, IMO. One thing I would do is have writing in the purchase contract or an outside contract stating who will get what revenue, that way they can't flip on you and take all the money you though you were getting from the transition period. 

Another thing to know is you will have to create a new listing once the original host takes theirs down. There is no way to transfer the listing ownership to a co-host through Airbnb. 

The returns are not good on that investment (compared to the S&P 500). Syndications are naturally a higher risk asset class so you should be getting rewarded for taking that risk by getting more return than the stock market. In this investment, I am not seeing a reward for that extra risk you would be taking...

The only thing I would say is never base your investment based on future rent increases, no matter how 'realistic' they may be. Many people bought relying on rent increases, and now are in big trouble when average rent actually has gone down in many areas. 

Not sure anything currently exists in CO. Nor would I buy here with the looming property tax threat against STR's.

One piece of advice, even though they are not full towns purpose built for STRs. A lot of vacation towns will have houses zoned for commercial use, which will most likely protect you from any regulation issues if they want to say its a commercial use since you will already have the zoning for it. I have dealt with these vacation towns a few times and some places are already zoned in our favor. 

Check out this show: https://open.spotify.com/show/1iTG1clu2Hs0ftWidTHXI7?si=8a53...

It's new but we are putting out STR episodes every week.

Hey Ethan, I have quite a few Airbnb's in KY. Feel free to reach out with any specific questions you got. 

Be loyal to your wallet, not someone else...

In my experience, having a hot-tub can only help. They don't necessarily spike the ADR but I have seen our occupancy increase drastically while having them. 

The data collection websites like awning, can be unreliable and don't factor in the specific amenities/upsells that a specific rental has. 

Well if you're raising for a boutique hotel, I'm guessing you're gonna need quite a bit. I would look into the syndication world as that will 1, probably be the best legal structure and 2, will teach you how to raise the money. 

The ones I mentioned above have restrictions put in place. There are others that are lax, but I didn't mention those as it can be subjective on who is and who isn't.