All Forum Posts by: Igor Stankevich

Thanks everyone for your details, very informative!

Let me make my question more specific:

Do all the events you described affect (adversely) your revenue? What if for a fraction of your revenue you would be able to guarantee (insure) it, given the exact verifiable criteria for the weather event? Like for example if the weather was extremely cold in Idaho over the winter (Summed excess degrees below say 25F for 3 months exceeds certain threshold) - your revenues would be compensated. Would this be an appealing way to guarantee revenue stream?
I am trying to understand if there is a business case in the community, or that is just me who worried about adversely affected revenues for my properties due to bad weather patterns.

P.S. not advertising anything, just wrapping my head around and trying to gauge the interest

Hi everyone,

I am trying to find out whether short term rental has seasonal weather risks, and thus posting this question. Any insights are much appreciated. Here are some specific questions i have:

1. are there certain locations where revenues may be impacted by seasonal weather changes, like for example heavy rainfall for 1 out of 3-4 months will drop revenue significantly, or excessive heat/cold for seasons will bring significantly less customers?
2. how sensitive the short term rental business is to these risks in these locations, i.e. there are not many properties for short term rental in certain locations for example? or revenues dropped significantly last/this year due to seasonal weather events?

3. for 10+ property owners - does this pattern change, or you are diversified enough? or maybe you are trying to shy away from certain properties/locations due to weather-related risks?

And basically anything that rings a bell would be helpful.

The reason i am asking about this is i am trying to understand if there is a market need (pain) to make revenue streams more predictable and to insure away such risks.

 Yea, i ended up using 2 GCs: one was very late with everything (found him via BP actually), so i let him go and found another one, who was a bit more expensive, but completed the project. PM me if you need references still.

I am looking at several locations to buy my next property, and Norfolk, VA caught my eye. Any real estate agents someone could recommend out there, to start browsing the market for a good BRRRR deal?

Does it make sense to do a cost seg if i did a full inside-out renovation of a SF, that costed 2x more than the property itself, and have all the receipts and contracts with subs? Can i just assign them to appropriate life years and depreciate? I am fine assigning the initial cost of the building (less the land) to 27.5yrs

@Leslie Anne Morris me too please!

Can anyone recommend good STR photographer in Charlotte? I looked around for real estate ones, there are plenty, but i could not find one that specializes in STR.

Thanks @Chris Winslow, applied!

Could someone please recommend a credit union, that can give a HELOC for a secondary home? I am an out-of-state investor also, so been struggling to find a heloc in general: banks don't want to work with secondary homes

I see quite often investors recommend a mattress topper for and STR. So i got 12' Zinus so far, and thinking whether we need a topper on top of it. Could someone please clarify why a memory foam on top of another memory foam can make a difference?
Also, would i need the 15' encasement in this case?
I personally used topper only on top of a bad mattress, but if Zinus is so good as everyone says - why the topper may still be needed?