All Forum Posts by: Eric A.

@Lucas Carl Several Florida markets: St. Augustine, Melbourne, Flagler and Volusia county, Keys California: Healdsburg and Lake County Maine: Portland, South Portland, Belgrade Lakes region, several mid coast locations and towns seasonally I have a long list but I’m becoming more reluctant to share them as the competition becomes more intense. The name of the game now is service service service. The days are gone in several markets where you list a mediocre property and it rents like crazy. The barrier to entry has become less and less so some markets are over saturated and you can’t really control the Air BnB algorithm. You can influence it but not control it. Just my two cents as our space is changing.

@Sean Wilt you won’t have any issues at all. After all, major retail stores and other businesses do it all the time. Lease space and pay their taxes, utilities, etc. The rental arbitrage model can be a lucrative one but make sure the numbers are “the numbers”. If you are in charge of minor maintenance issues make sure you budget for these items. Good luck!

@Derek Hookani if you are planning on incorporating a rental arbitrage concept into your business then it’s a decent course. If you are simply setting up Air BnB’s then it’s not the correct course. Check your local ordinances and have at it.

@David Bergmann we pay our cleaning companies monthly. We receive an invoice for the total number of cleanings and then render payment. Much easier then after every occurrence.

@Justin Smith never say never!!!!!!!!!!! Keep hitting singles like you are doing and they add up to homeruns

@Ashley Wolfe feeling nervous is great because you care and your guests will only get the best because of that. Send me a PM and I will send you my ebook. It will help tremendously and I can help you get up and running. Take care!

@Kevin Lefeuvre ansolutely agree with this statement. When we had VRBO the extra fee they levied caused our revenue to drop. Not a fan of a VAT which is exactly what it is.

@Nancy Bachety Hi Nancy! Yes, we have St. Augustine rentals and it really depends on the area of town. Downtown is somewhat different from Vilano or St. Augustine Beach. Downtown we have seen that boosting the price to $150 a bedroom on the weekend gets rented quickly with the third night slightly less. The issue is the other weekday nights are very hard to get. Again, bigger houses with more bedrooms. In the beaches and Vilano we get guests who seem to stay longer overall. Especially, in the winter, spring, and definitely summer but my overall suggestion is to charge $125 - $150 per night per bedroom and keep raising it until bookings slow down. We have booked Thanksgiving for four days for $795 per night and we opened the dates this weekend. So, demand is there big time!!! Good luck.

@Michael Greenberg I have played with this for a few years and after an exhaustive amount of analysis, and creating my own algorithms and scenarios, it throughly depends on which days and seasonality. Where we have properties in vacation locales my occupancy skyrocketed by 31% if I went with 3 days including weeekends. When we went to 5 days it dropped by 40%. In other words we have a heavily dominated weekend market stay clientele. In our markets that attract several business travelers the 5 day minimum was a huge hit. In fact travelers would book for 5 days and only stay 3 or 4 because it was dramatically less then a hotel. So, what’s my synopsis? It all correlates to market and clientele. It really had no effect in me lowering prices dramatically or raising them. In other words it’s clear as mud!

@Nathan G. Good point Nathan! Have a great day.