All Forum Posts by: Gerald Pitts

Another vote for booking it if it's an existing STR. I've done this, and treated it as a long walkthrough, where I could take my time, and see what all the cabin needed.

1 Vote

Originally posted by @Owen Thornton:

@Gerald Pitts

Are there certain seasons you make more than others

Self managing. But it's not a lot of work with strs as long as you automate as much as possible. And I don't necessarily make more than others that self manage. More than some, less than others. A lot more than people that use antiquated property Management.

1 Vote

Originally posted by @Owen Thornton:

@Gerald Pitts

Where about do you purchase SFH for STRs to make that much cash flow?

The Smoky Mountains.

0 Votes

I think markets are the biggest driver. Find out where the biggest bang for your buck is. Also agree with less doors when possible.

0 Votes

I would mostly go off of pre-covid numbers that you have there. If the numbers still work with that, then go for it. Covid also turned a lot of the public onto STRs. So you may still see some improvement over past performance.

1 Vote

Another vote for FHA loan/ house hack. You can also do a single family home if you're comfortable renting rooms out as STR. Be sure and research laws on this where you live.

Many have had success with arbitrage, but just research the many risks.

1 Vote

Short term Shop brokerage is in that market. They teach you to self manage from anywhere. Highly recommend. Check out the Avery Carl episode of the BP podcast.

Originally posted by @Joseph McCrillis:

@Rolly Weaver

I grew up in Marietta and have been wanting to snatch one up in Ellijay or nearby, but I'm no longer in GA. I manage several STR's, but it does me no good when I'm not there in Ga.

Do you self manage them or use a PM?

0 Votes

Home Inspection

Home Inspection Repairs

License

Hire Cleaner

Line Up Handyman

Photos

HOA Due diligence

Electric Switchover

Water Switchover

Internet Switchover

Hire Pest/Bug Control Service

A/C Service

Hire Tree Company

Install Smart Locks & Thermostats

AirBnb Listing + Templated Messages

VRBO Listing + Templated Messages

Your Porter or Smart BNB

Set Up Price Labs & SmartBnb

Create Welcome Sheet + Guide Book - Hostfully orTouch Stay

22 Votes

Originally posted by @Jordan M.:

Originally posted by @John Underwood:

This same question has been asked many times on here already.

You’re right, I’ll do more research before I post. In all fairness I’m sure everything has been asked multiple times!

I also feel like some past answers are dated, and new answers can be useful. COC from a year ago may not be possible today for example.

2 Votes

To me, I think of highest, best use of money. I invest in vacation rentals. These are technically single family, but I quit my job after 2 SFHs (or 2 doors), and their growth paid for #3 and will pay for half of #4 I could not have necessarily have done that with 10 doors of LTRs.

1 Vote

All Forum Posts by: Gerald Pitts

Gerald Pitts has started 11 posts and replied 460 times.

Post: Airbnb Cabin Neighborhood Dog Barking Dilemma

Post: Scaling up quickly vs. maximizing COC return?

Post: Scaling up quickly vs. maximizing COC return?

Post: $8K per month in cash flow w/ STRs?

Post: Post Covid tourism???!

Post: Interested in short term rentals

Post: buying a cabin in north GA mountain without agent

Post: Offer accepted on first STR… Now what?

Post: CoC return on a STR?

Post: Scaling up quickly vs. maximizing COC return?