All Forum Posts by: January Johnson

I recommend you have a new 4 point inspection done. They are only good for one year, but with a new one, you can shop around for better rates. I shop my insurance EVERY YEAR (though I don't always need to get a new 4 point). It saved me a TON on my personal home this year, though. I live in Panama City. PM me for my preferred brokers.

2 Votes

Panama City, Florida

Yes, I'm in PCB. Thanks for catching that, @Michael Baum!

0 Votes

Thank you @Raymond J. Rodrigues!

@Matthew Elliott, I'm happy to asnwer questions on the Emerald Coast - Panama City Beach to Navarre Beach!

0 Votes

Congrats and welcome!

I would add: Don't quit your W2 job too soon. You will need this income and documentation to qualify for loans, so don't take the big leap until you are REALLY ready to do that. (A lot of people make this mistake - just didn't want you to make it, too.)

3 Votes

Dallas, Texas

Quote from @Eric Smith:

Quote from @January Johnson:

Quote from @Tim Boeving:

Hello BP Community! I'm looking to purchase my first short term rental in an expensive market and was wondering about how many people are able to manage their own properties even potentially clean, fix them. I typically have enough time to do this myself but also value my free time with family. Curious if this would be advisable for the first one to help save some money and then maybe add management as money allows. It would be in a market that I would be able to drive to when needed. Thanks for any help

My team teaches investors how to manage their own properties remotely. MANY MANY people do it - its not hard, but there IS a learning curve. Happy to answer more questions about it for you!

January - extremely interested in hearing more about how you manage STR's remotely. What is the best way to reach your team?

I'll send you a PM, but my contact info is in my signature line as well. : )

0 Votes

Boise, Idaho

Quote from @Tim Boeving:

My team teaches investors how to manage their own properties remotely. MANY MANY people do it - its not hard, but there IS a learning curve. Happy to answer more questions about it for you!

0 Votes

Boise, Idaho

The question is, do you want to be a hands-ON investor or more of hands-OFF one?

With STRs, you are in the HOSPITALITY BUSINESS. If you don't want to do that, then don't do STR.

2 Votes

Quote from @Beth Christman Russell:

Hello,

We live in Ann Arbor, MI and have a long term rental by the UM Hospital. We just purchased a short term rental in downtown Traverse City, MI and have it listed on Airbnb and VRBO. Looking to find an online or in-person group for meet-ups for support and education.

Thx you in advance.

Beth

I suggest you join your LOCAL Airbnb Community Host Club. There are HUNDREDS of these groups around the world, moderated by local hosts in each area. (I know because I am one.)

Here you can get hyper-local support, and there are usually online and in-person meetups, often quarterly.

https://community.withairbnb.com/t5/Local-Host-Clubs/ct-p/en...

0 Votes

If you have an Airbnb listing, join your local host community group and get the best info from people with the experience you are seeking.

https://community.withairbnb.com/t5/Local-Host-Clubs/ct-p/en...

0 Votes

Coastal NC, North Carolina

Quote from @Candace Pfab:

Exactly. STRs require more management - 1 to 2 new guests per week which involves managing 50-100 guests per year, marketing the property, managing bookings, guest communication, scheduling cleaners, higher level of maintenance (think lightbulb changes, battery changes, comforter changes, parking passes), etc. A good property manager is worth their weight in gold, but we also have about half of our clients self-managing for bigger tax advantages like cost segregation and those who enjoy the process. There are also some co-host models here where someone might handle part of the process for you at a reduced fee. You just have to find the best fit for you.

A good property manager is going to cost you any gold you would have made.
; )

1 Vote

Nashville, Tennessee

All Forum Posts by: January Johnson

January Johnson has started 18 posts and replied 774 times.

Post: Insurance options for STR in PCBeach, FL

Post: anyone have success in buying a property for AirBnb in Panama City, Panama?

Post: Just getting started in real estate investing

Post: Newbie. Where to start.

Post: Short term rental management

Post: Short term rental management

Post: Are Short-Term Rentals a smarter choice over Long-Term Rentals?

Post: Short Term Rental Support/Education Group in Traverse City area?

Post: ISO House Cleaner Referrals

Post: Looking at short term rentals for the first time. Need advice