All Forum Posts by: Chuck Tracy

The Short Term Rental Association (STRA) is a professional organization dedicated to serving individuals and businesses involved in the short-term rental industry. STRA acts as a resource hub and advocacy platform, providing a plethora of resources, networking opportunities, and support services tailored to encourage best practices, regulatory compliance, and business growth in the short-term rental industry.

History

The Short Term Rental Association was established to address the unique challenges and needs prevalent in the rapidly expanding short-term rental industry. The lack of a unified voice and central resource for short-term rental operators prompted a collective of industry professionals and enthusiasts to form the STRA.

Objectives

STRA's key objectives encompass:

• Education: STRA strives to educate its members on industry trends, best practices, and regulatory requirements, leveraging various channels like webinars, newsletters, and training programs.
• Networking: STRA facilitates members' connection and collaboration with other short-term rental operators, industry experts, and service providers.
• Advocacy: STRA champions fair and balanced short-term rental regulations at local, state, and national levels.
• Support: STRA offers comprehensive support services to its members, providing advice on property management, dispute resolution, and regulatory compliance.

Membership

Membership in the STRA is open to all individuals and entities involved in the short-term rental industry. This includes property owners, managers, hosts, and service providers. Members enjoy a range of benefits, including access to exclusive resources, discounted rates for industry events, and opportunities to contribute to STRA's advocacy initiatives.

Key Activities

STRA organizes and participates in a variety of activities aimed at supporting its members and advancing the short-term rental industry. These include:

• Annual Conference: STRA hosts an annual conference featuring keynote speakers, workshops, and networking events.
• Webinars: STRA conducts regular webinars covering topics of interest to short-term rental operators.
• Advocacy: STRA works with policymakers to lobby for fair and balanced regulations that support the growth and sustainability of the short-term rental industry.
• Training Programs: STRA provides training programs to enhance members' skills and knowledge in areas such as property management, customer service, and regulatory compliance.

See Also

• Airbnb
• Vacation Rental Management Association

References

• Short Term Rental Association Official Website
• Harvard - Short-Term Rentals

Categories

• Professional Associations
• Hospitality Industry
• Property Management

https://blogs.cornell.edu/adva...

In terms of monetary cost, it's difficult to give an average amount, as legal fees can vary widely depending on the lawyer you hire, the complexity of the case, and the amount of time involved. The monetary cost can range from a few thousand dollars to several tens of thousands of dollars, or even more in some cases.

In some cases, a property dispute can drag on for a year or more, and the monetary cost can be substantial. In extreme cases, the cost could reach hundreds of thousands of dollars, depending on the circumstances.

It's true that many investors will cancel the deal when faced with a title issue. However, if you're starting out and deals are scarce, canceling the deal may not be an option. In that case, it's essential to carefully consider the cost and time involved in resolving the title issue, and weigh that against the potential benefits of the investment. You may also want to consider hiring a real estate attorney to help you navigate the process and minimize the cost and time involved.

Given that the local municipality requires a property manager for absentee owners and the state of Washington requires a license for property managers, it's advisable to work with a reputable and licensed company like VACASA or any VC backed players Frontdesk, Soda Stays, Evolve. 

Do not pay him. There are only a few people worth it and that's for their injectables (code) to rank at the top. 

The reason Sean's videos cannot address this and people are having trouble understanding how to game the system it's because Airbnb's algorithm is built using a combination of open-source technologies--all that matters is: Python and TensorFlow, as well as proprietary integrations developed in-house of course. The combination of these technologies allows the Airbnb dev team to develop and deploy complex algorithms quickly and efficiently, while still maintaining the level of accuracy and performance required to deliver a so-called "high-quality user experience". Elite developers are the best STR managers now...they're gaming the system. Soda Stays and Evolve (certain hosts) are injecting code and certain things that will keep them at the top of the serps.