All Forum Posts by: Gerald Pitts

Humm? Who exactly are you using offshore? I hear that STR can become a major headache. I hope that this is not the case, as I have been researching this topic, and was looking to get into it. From what i've heard, it is best to near the properties you own, as there is usually something going on where your attention is needed. Hopefully this is not the case.

@Zach Plackemeier If you want to do some homework, you should check out some of the many articles that have been written on the subject, starting with the first big case which was NYC. See what the Harvard and Yale lawyers that Airbnb hired tried. They lost, but I'm sure they made some good arguments you could borrow. Read up on the case in Texas especially because that is one of the only times that the law has gone in favor of STRs. Almost every other time, STRs have lost and this has already played out hundreds of times around the world. It will be an uphill battle. The precedent has been set firmly that operating an STR is a commercial activity within a residentially zoned area. I would aim to at least have your existing ones grandfathered in, or establish a limit on number of permits allowed per square mile (like in Colorado Springs), or a room in an owner-occupied house (like in Denver), etc… Achieving anything other than a complete ban is probably about the best you can hope for, unfortunately. Good luck!

We use Evolve. But will be switching to self management. They are ok. We initially signed up with them for the free professional photos and they helped us find a local cleaner. Bookings were slow to begin with but it was March of 2020,so... We've gotten our feet wet I think it's time for us to swim on our own now. I think with Priclabs or similar software we can do just as well or better. We haven't switched yet, but probably will sometime this year.

A great way to gain an edge in the STR market is investing in the listing photos. Whether this is just paying a professional photographer to do the job, getting a designer to give the place a little more life or both, highlighting certain areas of the home can do very well for its online traffic.

Have you tried any of the above before?

Anyone here invested in STR's in Blowing Rock NC? I am looking at a piece of property that has 4 individual units. Two 1/1, one 2/1, one 2/2. No mountain view but gorgeous property in ideal location. Going to crunch the numbers to see if they work right NOW. But I am a little worried if we go into a recession. Will the STR market take a nosedive? Will the value of the property also take a nosedive? Anyone have any input? TIA!!