All Forum Posts by: Erik Applegate

 Thank you! When you say a live revenue manager, what do you mean by that? Someone that tweaks the pricing and reviews? I have Pricelabs for my other properties, this next move is for a 4-unit that may evolve into a 20+ unit. The 4-unit is 1/1s, fairly similar footprints. 

 Thank you for this! Agreed on spending money, I would be asking the owner to purchase all of the smart locks himself as an investment into the property. 

 Hey Andrew, sorry for not replying sooner!

There are 3 different types of units, studio, 1 bed, 2 bed. The views are relatively similar, it is a 2 story complex. Do you use dynamic pricing? Or set prices manually occasionally?

thanks for any help!

Hey all, interesting opportunity came up for me as a co-host. I typically host single family homes, but have been asked to potentially host an apartment complex of 22 units. How would you handle the pricing for these? With my other listings, I use pricelabs, and on their site it says to contact them for more unique pricing. How would you handle entry for these? Usually I use smartlocks, but for this type of volume, I'm thinking more typical locks that have a set of codes. 

Hello, I’m Erik Applegate, founder of Hometown Hosts, specializing in managing short term rentals.

In saturated markets, I've created cash-flowing, 4.95/5 star, 70%+ occupied short-term rentals of my own, and am now offering management for others. If you or someone you know need help managing a short or mid term rental, you can reach out to me on biggerpockets here or click here to learn more about our services: https://www.hometownhosts.com/.  We offer management in Austin and Scottsdale/Phoenix. 

I think this is a joke... and replying including every city and scrolling forever is pretty funny. My answer though is no, 0 good investments in any of those cities. good luck out there

Hi BP community, 

In saturated markets where many STR hosts are struggling, I've created cash-flowing STRs that have 4.95 / 5 star ratings and 80%+ occupancy. Now with years of revenue and many satisfied guests, I've launched a property management company supporting the Austin and Scottsdale/Phoenix markets.

If you or someone you know needs help with their STR or MTR in Austin or Scottsdale/Phoenix, reach out here, via my website https://www.hometownhosts.com/ or email me [email protected] to get in touch.  

Erik

Hi there, I've used a company called Rentals America for a few years in AZ - best management for LTR I've ever worked with. I'm not affiliated in any way with them. 

Am a host and self manage. Rented an evolve place as a guest earlier this year, horrible customer service. They had a camera in the backyard that switched on red frequently am I’m assuming was motion triggered. This felt super creepy to all the girls swimming and when we messaged evolve they basically gave generic responses like “I’m your boots on the ground person here to help you” - but they never responded to the actual problem. We messaged after the trip in our review privately telling the hosts how rough this was. This assured me that self managing is infinitely better for the hosts and guests. 

What do you all think lower rates mean for home prices? I saw an article today predicting 5.9% interest rates in 1.5-2 years and a -2.2% to prices, but I’ve heard David Green say on some seeing green episodes that he predicts lower rates would lead to increased prices. I supposed I’d rather pay for a higher home price than just pure interest.