Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Buck Dabill

Buck Dabill has started 7 posts and replied 24 times.

Quote from @Andrew Kubik:

Wow - having one of the only water front properties in the area will be awesome! I bet your property will do well. I would make sure you have all your licenses up to date. I would start out by only opening the first few months to see what hits. You can then adjust the pricing in the summer to make sure you're maximizing your revenue. 


 This is a great idea...Thankyou...have a great day!

Garrett, thankyou for your feedback!  I am 99% sure its not an issue, there are other STRs within city limits and so is my property. Just no STRs on the Lake Front.  I really like your idea of "additional guest packages". I have thought about having some kayaks there and maybe some bikes.  It sounds like you would make them available at an additional cost? what would be a good price to charge for these things. Are there other packages you would add? Would jet skies and or a boat be advisable? 

My wife and I will manage it.  The issue I am running into is in the refinancing of it, now that the construction is finished.  The lender is basing the amount they will lend on the income of the other STRs in town....I am trying to figure out how to deal with this...I really appreciate your time...Thoughts?

Thankyou for your reply! There are no STRS on the lake in either Verbo or Airbnb. Is thee a percentage of increased revenue based on the lake factor alone?  

I have a property on a Lake in ND that will post for the first time in the next 2 weeks. I am having trouble figuring out what the revenue might be from this property. it seems that Airdna is basing their calculations off the other STRs in the area which are mostly low level properties and not lake side. What is the best way to figure the income on an STR that is not normal for the area?

I have a property that I purchased in ND over a year ago with the intent to make it into our first STR. We have been working on it as we have the money and time, but at this point we want to just get it done as quickly as possible. I am looking for recommendations on where to look for this financing? We would need about 75K to finish this project. Any input would be greatly appreciated!

Post: My first STR, what software?

Buck DabillPosted
  • Posts 25
  • Votes 4
Quote from @Michael Fucillo:

I have used hospitable for a few years and liked it a lot.  This PMS is inexpensive and consistently adding new features.  

However, I recently switched to Guesty for the following reasons:

Direct booking site is included and easy to use (hospitable was in beta when I switched).  Guesty also integrates with stripe so you can accept bookings on your site, no manual processes required.  Previously a guest would request to book, then I would have to email them back to accept, put the booking into the calendar, and determine how the payment would be made.  You can also creat discount codes ( I like to send these to my previous guests to encourage direct bookings)

In platform reporting (hospitable only allows you to download the data to a csv)

Integration with wheelhouse 

Create payout statements if you are managing properties for other owners.

In app cleaner/maintenance management.  Cleaners get access to a portal where they can follow your checklists, submit photos, and mark tasks complete.  I now get a notification when the cleaners and hot tub maintenance complete the post stay tasks (previously I would have to check the cameras).


This sounds like I didn’t like hospitable, which isn’t true.  There were just some features/integrations that I was longing for.  


 Thankyou

Post: My first STR, what software?

Buck DabillPosted
  • Posts 25
  • Votes 4
Quote from @Joel Case:

Hospitable which integrates with Schlage Encode locks to automatically generate guests codes. It also integrates with Pricelabs for dynamic pricing as well as Turno for cleanings. 


 thankyou very much!!!

Post: My first STR, what software?

Buck DabillPosted
  • Posts 25
  • Votes 4
Quote from @Kyle Mccaw:

I use OwnerRez www.ownerreservations.com, and pricelabs. OwnerRez took a bit to set up properly. It has also been good for my direct booking site also.

You can see the site at: www.OurDisneyHome.com



Thankyou very much for taking the time to give me your feedback!




Post: My first STR, what software?

Buck DabillPosted
  • Posts 25
  • Votes 4
Quote from @Nathan Murith:
Quote from @Buck Dabill:

I have bought my first STR and i am in the process of setting it up...my specific question at the moment is what software/aps do you all use to run your STRs. It would be great to get an exhaustive list of software that you rely on. Even the apps that you use once in a while for small things...thanks in advance for all your input it is really appreciated!

Full disclosure we specialize in long-term buy-and-hold, not short term. But I know this site has a ton of great resources for short-term rentals. https://everyreitool.com/categ...

 From your property management systems, to your auto-pricing tools, and guest guides software.


 Thankyou very much for taking the time to give me your feedback!