All Forum Posts by: Brett Deas

We don't have dressers in our properties. Guests typically only use their suitcase anyways, Dressers are also a great spot for guests to leave items behind that the host has to then deal with. 

Use AirDNA, or Rabbu.com. AirDNA is not free, but I don't use them much anymore so I am unsure of their current pricing structure. 

Another thing you can do is ask a local Property Manager what they expect it to do. Often times they will have properties in the same town/area and can give you much better revenue estimates than those online. 

Look at the properties they manage... you can tell a lot from looking at their portfolio. I would be more inclined to the 20% manager, because typically the more they charge the more they are worth the money. 

I would agree, for most it is overrated. 

The only part where it really helps us is our social media presence. We have our direct booking links attached to our insta pages, and most guests book direct from there. We save out on the 3% booking fee Airbnb charges and even charge more per night (we are still a few % lower than the OTA's with their fees all in), so we end up netting way more at the end of it. 

And we already pay for our channel manager which has a direct book site option built in, so no real extra costs or headache to set up the site. 

I started to feel like this recently as well. My wholesaler partnerships have turned out some amazing places, but it is few and far between now. 

I have started to lean on exclusive wholesaler partnerships and people just getting started. Often times they find 1 or 2 good deals and peter out, but that's still 2 deals I wouldn't have found otherwise. 

I think syndications/funds are a good option (I am biased...). I think it depends on your goals and what you want to get out of it. If you want the income lending/lending funds would probably be a great option, but there is rarely any equity appreciation. On the flipside there are some syndications that don't pay out a lot until the end, with big equity appreciation. 

You can also find options in the middle but those are highly variable and depend on your goals. 

A % of the profit could yield more, but you also could loose more. On a note, your return is an interest %, but on a split, you share in the losses as well. 

I would never trust a GP who took out a loan for their portion, and I think it would be hard to find an LP who would like it. 

I know this type of thing happens, and GP's aren't always honest about it. In a highly scrutinized industry, its best to stay completely above board on these kind of things. 

Well you can always become a private lender for flippers. That would be the easiest way I can think of. You can easily have a promissory note or lien position that is somewhat secure and all you do is find the people to lend too. 

You can also directly partner with flippers but that typically involves a higher degree of risk, and is typically less passive than just holding a note. 

Ours are close to 90% Airbnb...

I theorize it is because of the unit type and fact that we are always on page 1. They book so quickly that the other channels don't have the opportunity to catch up.