All Forum Posts by: Jon Martin

 Good point, with that amount of counter space he could almost certainly piece it together with some remnants. 

As stated above there are lots of issues. They often take a hefty management fee (upwards of half+), and when combined with an ever increasing HOA and all the other normal expenses it can really be tough to pencil out.

Plus they tend to have have weird rules about how guests can access which amenities and services. Would make for awkward conversations and complaints if your guests are excited to use the nice pool and get denied. 

 I thought that was the whole point? That said I agree, I much prefer granite or quartz. 

@Kenzer Hodgson for $1500 I would replace them but go with granite. Should be relatively cheap with that much counter space. Would be worth springing for a backsplash as well, another relatively inexpensive upgrade that really adds character and pops in photos. 

I do a Roku plus the streaming cable TV app service from whoever is providing the internet service. That way if people want to watch a game, local news etc they can most likely find it, in addition to whatever channels they are likely accustomed to. You are already getting hammered for the cost of the internet, so the add on streaming app is usually not too expensive (~$40/month) and you don't need a cable box and an extra remote for each TV. Plus they can use the Roku to log into whatever apps they use at home. No complaints yet. 

I'm not a fan of most of the streaming services because they all tend to be missing certain key popular channels (HGTV, Food Network etc) and/or don't have local channels. You may get by without them but your guests could feel differently!

Great idea, thank you both!

Is there an AirDNA equivalent for hotel data by city? Looking for the same metrics: Occupancy, Revenue, ADR etc. 

Thank you in advance

No direct experience in ABQ but I have looked at other NM markets. Is there something special about the Nob Hill neighborhood? Nice views and/or walkable to restaurants? Close to a hospital or university?

If "No" to all of the above the less appeal it will have as a STR. Property taxes are low, which helps cash flow no matter which route you go.

This sounds boogeymanish to me. Criminals by definition dont care whether the city allows STRs or not, and will simply use low rent apartments, motels, campers etc if there are no STRs. 

The bigger issues, which I think are fair game for criticism, are the impacts on housing cost competition for local residents and the way it changes the feel of a neighborhood. The latter is the toughest part, because there are people who simply don’t like the idea of a different group of people next door, even if the guests are quiet and respectful. I try to look for properties with higher DOM and privacy aspects that minimize these impacts. 

@Mohamed Youssef Site visit is remote. They use whatever photos from the MLS listing, your AirBnb listing, and any other information you provide them such as the Scope of Work for your rehab or anything else. I believe they offer audit support. Feel free to PM me for a referral

1 bedroom units optimized for couples all day. For a place like that a sleeper sofa would be appropriate if there are kids traveling with parents, but IMO even 2 bedroom units would have 1 bedroom go unused most of the time. 

The nice thing with a setup like that is that groups of multiple couples can always rent their own cabin, just be sure to have some shared amenities where everyone can hang out together whether they know each other or not. Win/Win