All Forum Posts by: Jeff Langley

I have and use two. It’s a no brainer- i always have a backup in case there is a glitch or the batteries die in one and it also gives me visibility to know both exterior doors are locked when no one is home.

1 Vote

Hi, I'm a Colorado native and live around Denver. All of my investments are out of state, LTR and STR. I'm hesitant to invest here and eager to hear the sales pitch from the realtors above. Many resort towns are tightening STR restrictions, along with some suburbs. I'm eager to hear more about why Colorado?

0 Votes

Colorado Springs, Colorado

Hi! I’d recommend sourcing a storage unit near the property and working with the staff to send everything there. Very easy if coordinated properly and has worked well for me. Best of luck!

0 Votes

Quote from @Adam Gonzalez:

Would any of you stay clear of a small town that is near a national park? (major driver is outside tourism)

If it meets your criteria, i wouldn’t avoid it. I personally love the draw national parks have, especially during hard times. I’ve seen strong demand for the “old fashioned” road trip to national parks.

2 Votes

I may be among the minority but i don’t think occupancy rates are a standard alone metric. 100% occupancy at average nightly rates < 65% occupancy at premium rates IMO.

4 Votes

Charlotte, North Carolina

Quote from @Isaac Fridmann:

Hi BP Fam,

I know this question has been asked a lot but I haven't been able to get a clear direction. I'm looking to invest in a STR. I'm trying to analyze the deal but this is where I've hit a road block. I see a lot of members mentioning two methods:

1) AIRDNA. I was about to sign up but saw mixed reviews on the forums. Would really like to know if it's even good as a guideline.

2) Checking manually on Airbnb for similar properties nightly rate and occupancy rate. From what I've seen, it's only possible to get data for 2-3 months into the future. How do you determine the properties performance for the rest of the year?

If there are any other methods/videos you recommend, I'd really appreciate all the input I can get.

Thanks in advance!

Pricelabs market dashboards, best $10 you can spend.

3 Votes

Miami, Florida

Quote from @Rhonda Cohen:

The reason you want to wait is you want to book responsible guests. Responsible guests will not book a place that has limited photos. You really do not want to ‘go live’ until you are ready to host guests. We bought a beach property in May and I still cannot believe that we were fully booked that first summer. Nice properties book quickly. Also the platforms boost new properties to increase their visibility on the site. Good luck!

The right location has everything to do with it and has nothing to do with the quality of guests. Sure, I’d wait if there is lots of competition and availability in the area but that sounds like a precursor to a deeper issue. You bought it for a reason and I’m guessing that summer is your peak season, so get it active and screen your guests as you typically would and let the bookings begin. Best of luck!

0 Votes

Quote from @Ryan Schildroth:

Thank you for all the responses, and reassuring my direction.

One other question regarding listing though: do y'all think it's good to get the listing up on AirBnB ASAP either with some sneak peak photos or a "Coming Soon" photo, and then blocking off the next 10-14 days to finish the final touches? Or wait until the place is completely ready for pro photos and list after with a wide open calendar?

Depends on your location. I listed my cabin with one image followed by coming soon images and was transparent in the listing. I received lots of future bookings with no issues.

2 Votes

Quote from @Ryan Schildroth:

I'm about to list my first STR in the KCMO market and am going back and forth on whether or not I should get professional pictures. All of the books I've read on STRs say to spend the money, and that it'll be a huge difference maker for bookings. I've also heard the argument that if expectations from great pictures don't meet reality, guests will be disappointed from the get-go. While it has plenty of charm, the home is nearly 100 years old. Another side note is that my fiance is an Art Director and has a knack for photography, just not necessarily real estate specific.

Any advice before I drop $500 on a pro?

If you don't want to spend the cash. Either buy a "decent" DSCR camera or ask a local photo student to take pictures with different exposures. From there, you'll upload the actual photos to fivver and pay around $1 an image to get it layered and edited. Editing is what takes the most time and a lots of freelancers on fivver do it for very cheap and the layers merge the different exposures so you can clearly see all aspects. If you have multiple properties, I'd also recommend a 360 camera($250ish) for a Matter report. Marketing is everything.

1 Vote

Quote from @Will Cruz:

Newport Maine to be exact.

Did you Pricelabs the current revenue and market dashboard? What are your goals/criteria for an STR?

0 Votes

Portland, Maine

All Forum Posts by: Jeff Langley

Jeff Langley has started 5 posts and replied 138 times.

Post: 2 Schlage Encodes on the same house?

Post: “Stuff you should know” investing in Colorado

Post: Best practices on furnishing a home

Post: Recession Coming? Is Now A Bad Time To Purchase A STR?

Post: 6 Ways To Boost Your Occupancy Rate In 2022

Post: How to Analyze a Short Term Rental/Airbnb Property for Investment

Post: Professional Pictures Debate

Post: Professional Pictures Debate

Post: Professional Pictures Debate

Post: AirBnB Cabin investment