All Forum Posts by: Jimmy Woodard

@Meha Iyer you may be better off sticking with the LTR path if you're house hacking. Think about it from your own perspective. When's the last time you booked an airbnb where the owner resided on the property instead of having it all to yourself? Your bookings probably won't be as lucrative as having the entire house available for guests to rent out.

@Brandon Bimestefer it depends on your goals. If "better" means a higher cash on cash return, then an STR will outperform a LTR in certain markets. If "better" means less work, you're better off sticking to LTRs. Happy to answer any questions you have about STRs if you want to DM me.

@Alejandro Garica-Martinez if you want to take action but don't have the funds to do it yourself, see if you can find friends/family who would want to pool together resources to make your dream a reality. Good luck!

Extra beds and extra rooms increase your occupancy which increases your revenue. If the numbers make sense, go for it.

Hey Tony, I can't speak to Kissimmee specifically but happy to help provide some tips on self-managing remotely. Feel free to DM me if you want to chat

@Matthew Edge I think your intuition is correct. The high prices coupled with the saturation of the market (high supply = competitive/low ADRs) and Disneyworld still lagging its pre-pandemic levels means you'll be hard-pressed to find a good deal. Might be best to wait it out

@Liam Martin Ruane if that many people want to Airbnb your property, why not just do it yourself or with the help of a property manager? There might be more money to be made through Airbnb than an LTR

@Hassan Ali great to see you on BP! If you do go the Airbnb route, a couple things to keep in mind:

1. Cross-reference Airdna data with Rabbu to get a more accurate picture of potential revenue

2. Find a great photographer, handyman, and cleaning crew as they are the lifeblood of your business

3. Use automation and pricing tools like Your Porter, Wheelhouse, Pricelabs, and Beyond Pricing

4. As mentioned previously, research the competition to figure out what amenities you can offer to stand out from the competition.

You got my number so feel free to text me for any questions :)

@Michael Otomo use Your Porter or iGMS for a property management system to automate guest messaging, and use Pricelabs, Wheelhouse, or Beyond Pricing to automate pricing. 

On the team side, have a solid photographer, handyman, and cleaning crew to really make your property shine. Good luck and DM me if you have any questions!

We don't have one but if anyone else has insights here I would love to hear it.