All Forum Posts by: Brian G.

@Matt Smith generally speaking it’s a combination of rising interest rates which have caused cap rates to increase (thus wiping out equity), debt is resetting at higher rates, rising opex costs due to inflation and stagnant or softening of rents due to an increase of supply.

@Cody Lewis one strategy you can try is a discount for longer stays (ie 10% off for 5 nights or more; 15% off 7 nights or more). This may lead to some longer bookings further out with your 3 bd listing. Good luck!

@Shaun Ortiz providing for the future needs of my family, RE is my retirement planning vehicle of choice.

@Nathan Gesner I like in CA, I’m scared of snow… unless I’m on a snowboarding trip!

@Diana Mulvihill listen to your gut just work on your pricing strategy and do your best to maximize revenue. Congrats and knock out that extra debt you accumulated so you can save up for STR #2!

@Michael D. Buyers usually want to purchase on today’s value while sellers often want to use future potential of the property (“current rents are below market” or “room to build an additional property”, etc) to increase the purchase price or likelihood of a sale. Now if there is truly a value add element to the property, the ultimate value (price) is in the eye of the beholder (buyer). And whatever a property is purchased for it must work for financing (your lender is your ally!). After all, a seller can always execute the plan that captures the future value potential and then sell at a higher price, it’s always good to ask “why aren’t they doing that?”.

@David Shaun sweet! So you are averaging $2k/mo for rent across your portfolio? Why is your mortgage cost so low at only $44k/year?

@Collin Hays #7 is my favorite!

@Marc Shin ask every guest that stays with you for a 5 star review after their stay. “Guest, every 5 star review is critical to our success. It would mean the world to me if you leave us a great review. Thanks for staying with us!”

@Samantha Springs can you rent a room out in the unit you occupy as your primary? This can change the math pretty quickly. House hack super charged!