All Forum Posts by: Bryan Keller

I have recently signed up a new property manager for my short term rental in Santa Rosa Beach, Florida. With a new PM I’ve lost my excellent review history. How do I overcome this problem since reviews seem to be very important for bookings?

It is always a bit difficult to get going in the beginning. I would recommend a bit more competitive pricing and really giving those first few guests an amazing experience (extra goodie bags, hand written notes etc)

As a local cohost, I actually require all my owner's to create their own account and add me as a cohost. They retain all the Airbnb reviews even if they ever transition away from me. I urge all other owners to try to find someone else who will do the same!! reviews are valuable.

Do you think my PM can add me as a co -host to an existing property?

0 Votes

Quote from @Andrew Steffens:

I think it is a market correction talking on the macro level. A lot of our clients who were with us since 2018 are cashing out now or have cashed out as they have serious equity and the cashflow is not as high as it was for them. The new people buying are typically not trying to get rich, they expect small cashflow or even breakeven and are in it to offset cost of a 2nd home and/or appreciation over the long term which is solid. There are opportunities even at 7% to cashflow over $1000 a month here. The people who bought in 21/22 expecting to get rich quick had their bubble burst already and have already moved to LTR or liquidated at a small loss. This is all market dependent obviously but in general I think this is just a correction not unlike corrections in any other market - people adjust and things move on, just not in the same way.

This. Thank you.

I'm an investor in South Florida. I bought my first property in March 2023, put the property on Airbnb back in November - it gives me cashflow of over 2k a month after the expanses. I invested in the décor, the amenities, and it works out fine!

4 Votes

It's not dead in Vail. People charge here thousands for one nights. You only need millions to invest tho lol

2 Votes

Denver, Colorado

Thanks guys! I'm gonna continue with my process and update ya'll!

0 Votes

Fort Lauderdale, Florida

Hey guys

I bought my first property in the area, made it a Short term rental and so far everything is good - the property is cash flowing and booked - thank God.

I'd like to repeat the process and purchase another one. I found a lovely 3 bedroom 2 bath in a good location and a good condition for 600k, I see a vision just like my other property and I can see it cash flowing as well after a few renovations.
The one thought that holding me back? I looked at the same market a few months ago and saw a property for the same price , however it was 5 bedrooms! didn't purchase that one because I wanted to make sure everything would be ok with my first investment.

Is this still a good deal? Should I wait? maybe interest rates will go down even more? maybe Ill find a better property that can appreciate better - a 4 or 5 bedroom in Fort Lauderdale area?

2 Votes

Fort Lauderdale, Florida

I'm thinking about purchasing one in FLL area however I know investors usually shy away from New Construction, is there anything I need to beware of?

1 Vote

Quote from @John Underwood:

Get a cleaner and handyman lined up before you leave and you can easily self manage from your phone.

Thank you

0 Votes

Hi friends, I would love to share my situation with you and hear your opinion from your experience.

I live in South Florida, 31 years old, I bought my first house about six months ago, four bedrooms and 2 bathrooms, too big for me of course but I want to put the property on AIRBNB.

My situation is,

I got a job offer in Colorado from the end of November to the middle of April.

The salary is almost double than the one in Florida. In addition, the company will take care of housing and a car for me, so my expenses there will be almost zero.

I am debating the offer,

On one hand, I love my life in South Florida, I'm near my friends and relatives, and living by the ocean makes me feel good.

In addition, I planned to put the property for the first time to AIRBNB, rent an apartment to myself and manage the property myself, an apartment for me would probably cost me around 2200$ a month.

I'm afraid if I'm in Colorado I won't be able to give the property enough attention that it deserves... So I'm thinking to put a property management there...

On the one hand, I'm thinking of maybe taking the job offer and sacrificing my warm winter for more money that could help me purchase another property,

On the other hand, I like living near the beach, and maybe money isn't everything in life? Plus, if I stay near my property I could self manage and make the extra money from the property.

What would you guys do?

0 Votes

All Forum Posts by: Bryan Keller

Bryan Keller has started 6 posts and replied 16 times.

Post: STR Regret Stories...

Post: Should I Buy Right Now?

Post: New Listing without reviews

Post: Get Out Now

Post: Are STRs as we know them dead in Colorado (and other places)?

Post: Should I Buy Right Now?

Post: Should I Buy Right Now?

Post: Why investors don't like New Construction?

Post: Property Management Or Self Management?

Post: Property Management Or Self Management?