All Forum Posts by: Jacob Morgenstern

Thats a good point Sarah. However adding a $50 cleaning fee (thats what we charge for a grill clean) can be a turn-off for guests an affect bookings)..

Thanks for taking the time to respond and show interest! 

 Nice idea but that would apply the grill fee per booking, whether or not the guest carse to use the grill or pay for pool heat.

 Nice! Keep it simple stupid. Love that!

I use B&D Property Management. I'm at 155 reviews and still getting those 5 stars. They are on their game, and have a dedicated Whattsapp channel for each homeowner. Call Dwight at 863-207-1090.

You can choose full end-to-end management for 15% or just cleaning if you decide to self manage. 

Calling all PMS software companies, users and upsell apps!

I have an upsell dilemma that I have not had success finding the perfect solution as of yet.
At B&D Property Management, we would like to upsell grill cleaning and pool heating fees. Grill fees get pocketed by the management company while the pool heat fees get remitted to the homeowners. In a best-case scenario, we would like pool fees directly deposited to the homeowner's account and the grill fees deposited to the property manager's account. We would require two accounts per property. Does anyone know of an upsell company that offers the option to add different bank accounts per listing? If not, I would need to be able to pull data at the end of the month so I can determine which upsell went to which homeowner.

Up until now, we have been using the Airbnb request payment service, however, the payouts come tagged as a "resolution". We must then figure out if the payout came as a grill fee or a pool heating fee.

Yes, we are under contract and have insufficient investor funds. The seller does not know this because we can always invest our own money into this deal. However, this would limit our capital to invest for future deals. 

Thank you Kerry. I do realize that as much as I would like to get a debt investor if I plan on scaling up my RE portfolio, I would need the help of savvy investors. There is no way that they would pass on an equity position. SO although I do feel that a 20% COC is a fair deal, I also realize that lenders care about equity as much as (or more than) COC

We just got a great house under contract in Palm Harbor, FL. We are looking to raise $274K to fund this deal. This will be an 8-bedroom Airbnb that is 8 minutes to the beach. This was previously an Assisted Living facility. Presently, a lawyer inhabits the place. He has agreed to leave us all furnishings, save for his office furniture. (We don't have the addendum signed yet, but he has verbally agreed to it).  

As this is my first syndicate, I would love to get feedback on what I can do better. Am I offering good value as a return on investment?

https://docs.google.com/presen...

Thank you,

Jacob Morgenstern