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All Forum Posts by: Felix Sharpe

Felix Sharpe has started 5 posts and replied 16 times.

Quote from @Michael Baum:

Hey @Felix Sharpe, so I am with @Grant Woodward.

Run the numbers and try to get a good idea of the cost of the work you are going to do plus the downtime that the STR will experience while work is being done.

60k isn't going to go too far when buying and setting up another place.

Post a pic or the listing for the place so we can get a look. It might not need a ton and you can get some direct advice.


Hey Michael, thanks for the reply. 

Here’s the listing:  Felix’s Listing

Hello folks,

I bought my first property in 2023. It was a full renovation via 203k loan. In my first year as an STR host in 2024, I made approximately $2,500 per month. I expect that to be about $2,600 - $2,800 per month in 2025. That leads to my question: I have about $60,000 to invest. I am considering whether to use that money to reinvest in my STR property or scaling up and buying another property that would be a single family long term rental. If reinvested in my existing property, it would be to have both (1) the STR professionally designed by an interior decorator like Rob Built's Funkit Interiors and (2) finish the exterior curb appeal with a paint job, landscaping, new doors and a roof.


Any thoughts on whether to reinvest or buy another property?


Thanks,

Felix

Post: 4 to a Room Too Many???

Felix SharpePosted
  • Attorney
  • Louisville, KY
  • Posts 16
  • Votes 3

Thank you for your comments @Evan Polaski!

Post: 4 to a Room Too Many???

Felix SharpePosted
  • Attorney
  • Louisville, KY
  • Posts 16
  • Votes 3

Thank you for the feed back @Lauren Kormylo!

Post: 4 to a Room Too Many???

Felix SharpePosted
  • Attorney
  • Louisville, KY
  • Posts 16
  • Votes 3

Thanks for the feed back! 

Post: 4 to a Room Too Many???

Felix SharpePosted
  • Attorney
  • Louisville, KY
  • Posts 16
  • Votes 3
Quote from @Chris Watson:

If you want 4 people then a queen over queen bunkbed looks like it will work. If going this route custom build it and reinforce it. I have done it in a STR but as stated above the bathroom situation might hurt you in reviews especially in groups of primarily adults or adults and teenagers.


Post: 4 to a Room Too Many???

Felix SharpePosted
  • Attorney
  • Louisville, KY
  • Posts 16
  • Votes 3

Hello,

Here’s the question: Are 2 sets of full by bull bunk beds too big for a single room?

Context: I am furnishing my first STR. I have a 2 bed one bath that I am preparing. I'll have a king size bed in one room and I was considering 2 sets of full over full bunk beds for the other room. This room is 13' 11" x 11' 5". But I am second guessing whether 2 bunks is too much for the room. The room is pictured below. What are your thoughts?

Greatly appreciate any of your thoughts and feed back. 

-Felix 


Post: Looking for STR Co-Host (Louisville, KY)

Felix SharpePosted
  • Attorney
  • Louisville, KY
  • Posts 16
  • Votes 3
Quote from @Andrew Sparks:

Hello @Felix Sharpe

Would love to connect and see if we're a great fit to co-host your property. We're a Veteran owned and operated Co-host company with over 200 reviews with an average rating of 4.97 on Airbnb. We Co-host properties in WI, WA, and MN. Thanks for your consideration and we look forward to hearing from you!


 Sent you a DM.

Post: Looking for STR Co-Host (Louisville, KY)

Felix SharpePosted
  • Attorney
  • Louisville, KY
  • Posts 16
  • Votes 3
Quote from @John Underwood:

I would make absolutely sure a Co-host is located close to your property so they can check in things as needed.


 Thanks John.

Post: Looking for STR Co-Host (Louisville, KY)

Felix SharpePosted
  • Attorney
  • Louisville, KY
  • Posts 16
  • Votes 3
Quote from @Brooklyn McCarty:

Have you ever thought about self management? BP has some excellent resources when it comes to self management for STR's.

Also congrats on the reno nearing its end! 


 I have. I may self-manage for a time, but ultimately I wouldn't have an issue handing over that responsibility.