All Forum Posts by: Daniel Netzer

I'm curious to know which markets are UP YOY on STR with a large data set, not just a random lake house.

Rate is similar to standard FHA which the pricing is generated from your mortgage middle FICO score. There are two types. $35000 is the max you can use for rehabilitation and the product limits the types of repairs you can do. Great products BUT You are stuck with the 1.75% mortgage insurance until you can refinance or sell.

I purchased a home in a prominent vacation area in Colorado a few years ago. I live in it part time and rent it out part time. For the past 3 years, STR bookings have been great. They've provided a steady source of income and I have had no shortage of bookings. Suddenly, starting in April of this year, my views on Airbnb have gone to zero. I've gotten zero booking requests since March. I've reached out to Airbnb, who scratched their heads and referred me to a generic article about lowering nightly rates. I've tried everything from lowering rates to reducing nightly minimums to offering discounts and nothing has moved the needle. I'm perplexed.

I'm wondering if anyone else has experienced something similar with their STR, if anyone has any insight or maybe even a recommendation of alternate STR platforms.

Thank you!

Remember 2008 when everything crashed? Then what happened? Prices corrected equalized and went back up.

I think most of us would like to buy at 2008 prices now.

So if you can hold onto properties they will equalize and continue up in price.

Of course they did and now the regulations are so tight you need to be in the same dwelling as your guests to rent them.

 I’d much rather invest in an unregulated market and let it crash and burn with bad products and then everyone will be afraid to invest in them again. That’s where the real money is made, not because someone adds stricter and stricter regulations eventually leading to your own demise.