All Forum Posts by: David Warneke

Sounds great, thanks Nathan. I hate being "that guy" and asking - but which STR license do you use? Or could you recommend where to get one with good language in it?

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When it comes to the license agreement:

1. Do you do that for every stay or only for lengthy stays?

2. Which do you recommend?

I'm leaning towards canceling but being a brand new STR on Airbnb, i feel like that's a bad look to start (outside of that, we've had a total of 20 days booked since going live last night so it's not like we are empty)

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I added the "picture requirement" for booking just now.

According to Airbnb, we get "fewer bookings" if Instant Booking if off... Is there truth to that merit?

Short term rentals, long term wealth (book) said to turn it off until you're booked a month out, then turn it on once you're a ways out... Seems like a divisive topic in the STR world.

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Hey Everyone -

I just made my first Airbnb live (super excited). I had a booking come through that's a local person, for two nights (next Friday and Saturday). Instant book was on (per Airbnb recommendations but I have now turned that off).

Four questions:

1. Would you cancel this booking? (can't see their face picture in the profile, says "two guests, seven kids", local, and booked at 4am)

2. Would you keep instant booking off?

3. In general, do you guys not allow local bookings?

4. What do you recommend as minimum night stay? (we changed it to 3 nights)

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Quote from @Ben Scarborough:

Quote from @David Warneke:

Hey All -

New to the platform so I'm excited to get to know others and connect with likeminded individuals.

(Hopefully) a simple question: what are some good short term rental calculators to use? I'm familiar with Airdna, but how accurate would you guys think that is? Ideally a calculator has the Occupancy Rate and suggested rental price BUT really looking for anything.

Thanks in advance and looking forward to connecting!

Hey David,

I have one I created that I would be happy to share with you if you would like. You will still have to get the occupancy rate and daily rate and all information needed from viable sources, but the equations are all in there for you if you would like. Just let me know!

Hey Ben,

I'd love to take you up on it! I'll message you!

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Omaha, Nebraska

Quote from @Todd Goedeke:

@David Warneke when calculating occupancy remember to use the ADR for that same period when calculating gross revenue projection. You should not be using the same ADR for off season months vs prime season ADR rates.

Be more conservative for prime season STVR occupancy. Don’t use 7 out of 7 night occupancy use 6 of 7 nights. Easier for cleaning turnaround too.

Good point. I've thought about how we're going to change the daily rate, but haven't figured that into my projections. Thanks for the insight there!

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Omaha, Nebraska

Quote from @Michael Baum:

Quote from @David Warneke:

Quote from @John Underwood:

I use a spreadsheet.

Thanks for the response, John! How do you find those numbers to plug in? For example, if one of the numbers you use in your spreadsheet is "Occupancy Rate", how do you come up with that number?

Hey @David Warneke, so occupancy is going to be an estimate. What I would do is hit up Awning.com and check their estimator. Plug in the address and you will see the occupancy for all the properties around yours. That will give you an quick and dirty idea of what to put in there.

It is important to remember that your first year will most likely be on the lean side as you build up a rep and reviews.

Awesome! Yea I want to be as conservative as I can be for the first year, but hoping it goes well where it doesn't take to long to cashflow on the property. Excited to get into the STR "world", but just want to make sure that I'm ready as I can be!

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Omaha, Nebraska

Quote from @Trent Reeve:

Quote from @Napoleon DeCiutiis:

Quote from @David Warneke:

Hey All -

New to the platform so I'm excited to get to know others and connect with likeminded individuals.

Thanks in advance and looking forward to connecting!

I may be a little biased🤣, but here's another vote for The Short Term Shop's calculator!

so maybe im dense, I see the calculator page on the STS website, but it just looks like a breakdown that you would do manually in a sheet. but that breakdown doesnt seem to address the questions the OP was looking for. unless you have to schedule a call and engage with them.

I'm in the same boat, Trent, unless I'm looking at it wrong as well!

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Omaha, Nebraska

Quote from @John Underwood:

I use a spreadsheet.

Thanks for the response, John! How do you find those numbers to plug in? For example, if one of the numbers you use in your spreadsheet is "Occupancy Rate", how do you come up with that number?

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Omaha, Nebraska

Hey All -

New to the platform so I'm excited to get to know others and connect with likeminded individuals.

Thanks in advance and looking forward to connecting!

0 Votes

Omaha, Nebraska

All Forum Posts by: David Warneke

David Warneke has started 2 posts and replied 10 times.

Post: Local Bookings + Instant Bookings

Post: Local Bookings + Instant Bookings

Post: Local Bookings + Instant Bookings

Post: Local Bookings + Instant Bookings

Post: Short Term Rental Calculators

Post: Short Term Rental Calculators

Post: Short Term Rental Calculators

Post: Short Term Rental Calculators

Post: Short Term Rental Calculators

Post: Short Term Rental Calculators