All Forum Posts by: Timothy Chi

 I agree, potential is certainly there.

We are in a similar situation. Our first STR goes live in Anchorage this July. We are planning to manage it ourselves. We are systems oriented and will try to automate as much as possible. We are hoping to use Hospitable for PMS, Pricelabs for pricing, and Hostfully for guestbooking. We will plan to clean ourselves for the first month to learn and get our systems dialed, then plan to have a cleaner moving forward. I believe. the cleaner can access the calendar on hospitable (i think?) so hopefully that aspect can be somewhat automated. Since you're just starting out, would love to connect and share experiences on how this is going.

 I'm a new agent so I'm not familiar with this but am an investor in the Anchorage market. Would love to connect if you're up here!

I've been deferring my pass for the last 3 years and finally got rid of it, only to find out Alyeska is joining next year. Definitely bummed about it lol. I'm curious if it'll cause a large enough influx to Girdwood that there'll be people staying in anchorage as a result. Everywhere the Epic/Ikon touches gets a pretty decent boost in tourism. Hoping it'll help our STR this winter :)

We do LTR and MTRs in Anchorage with the plan to transitioning one of the units to a STR. Hoping to go live in July. While I don't have the experience yet to directly answer your question, we chose to have ours between the airport and downtown. It provides easy access for travelers who are visiting AK with decent access to tourist activities. We do have a couple unknowns though. One of which was that we initially planned to have this unit as a STR in the tourist season and an MTR during the winter. However with Alyeska becoming part of the Ikon Pass, we will likely get a lot more tourists. I wonder if the rentals in Girdwood will be full and people will have to find lodging in Anchorage. Happy to keep in touch and chat about what's working and not working.

There are certainly ways to get creative and finding deals but have you thought about just going with a traditional 3.5% FHA or a 3% conventional loan? As far as running numbers to analyze, think of it this way: Calculate your income by researching what a place like that would rent in town. Then calculate all the expenses involved in the upkeep of that property (mortgage, insurance, taxes, utilities, reserves, vacancy, etc). Ask your self if that net number (positive or negative cash flow) will be worth it to you. If it is, then go for it! If it's not, then you may want to re-evaluate your plan. A duplex is very unlikely to cash flow even if you plan to move out and rent both sides. However if you consider the medium or short term rental route, then it may work.

@Nick Bruckner

Nice meeting you the other day! 

@Kaiden Foster

Thanks for posting this and it was good to see the comments. I recognize you from one of the meet ups at 49th state. So someone mentioned about presenting at the meet ups would be a great idea. Hint hint @Jamie Rose @Tyler Cobb @Nick Bruckner

I'm currently making a career change to becoming an agent. I'm sure I'll come across clients with goals of having an STR and can always point them your way. Would love to connect and learn about your business.

Question regarding LLCs and email addresses:

For those that have multiple properties and LLCs, do you use the same email address for each LLC? A separate email address for each LLC seems a little overkill but I'm wondering if it negates the asset protection purpose of an LLC.