All Forum Posts by: Jon Martin

At a glance, a pool would serve more guests, especially in hot temperatures like the markets you mentioned. That said I would dig deeper and look at properties with each amenity- see how well each books out and their ADR. If there are tons of homes with pools and wide open calendars yet the few places with PB courts are booked out, there's your answer. 

Depends on guest avatar as well. PB Court will serve older generations, while a pool is better for families. 

In terms of maintenance cost and liability the PB Court is a no brainer. Biggest risk is the complaints from neighbors about the noise, although I've heard that there are new paddles that dampen the noise quite a bit? 

@AJ Wong I'm wondering if we do have more hot days inland, does that translate to warmer days on the coast as well in Oregon? The California coast gets foggier when it is hot inland, aka "June Gloom" that tends to persist well into August. Plus the Pacific Ocean is pretty cold, so it can only get so warm if the wind is coming off of the ocean. 

The only exception is when we have "Santa Ana" winds from the East in the fall, which are absolutely glorious days on the coast, but summer tends to be one of the worst weather seasons. South facing beaches fair best overall. 

Thanks @Jeff Chisum , can you expand on this? Does that mean it has to be available for my own personal use for half of the first year? Or for anyone to use? This is the rule where I worry someone could run a foul.  

@Chi Zhang I take it that you are trying to use the depreciation and expenses as a loss to offset W2 income? 

If yes I think you are doing everything right so far. The requirements are not difficult to hit "On Paper". You should be well over 100 hours for the year and more than your cleaners if you are responding to all of the inquiries, changing doors codes, ordering supplies etc. Try to have a few cleaners and fire the slower ones. Turno is a good app for cleaners because it logs their start/stop time for you, therefore you have 3rd party record keeping for that. 

Where it gets murky is how much the IRS will scrutinize your time longs and those of your vendors. Keep logging yours and their time meticulously and hope for the best. Nathan Meeker is an accountant here on BP who specializes in this. He can tell you what time does or does not count, so best to over record now and edit it down later. 

Disclaimer: This is not tax preparation or legal advice. 

@Jeff Chisum is there a limit to the number of days per year that it can be rented out? 

@Bonnie Low does the Kwikset Halo require a separate WIFI bridge? 

Also curious to hear what you prefer over the Schlage Encode. I have 2 properties with August deadbolts and they are usually great, but if the WIFI bridge goes out it is a huge process to reset it and requires someone onsite with customer service to get it going again. 

Tell them to grab some bottled water and peanut butter on the way!

Super helpful thanks for posting. Would be curious to know how much game rooms help 

Word of warning to cohosts as well . ..  yikes 

The Geodome structure itself may not cost a lot, but I think you are greatly underestimating the time and money that all of other aspects will set you back . . . Land acquisition, permitting, grading, hardscaping, wells/plumbing/septic, electricity, shared recreational amenities . .. The list goes on. Plus the furnishing costs of a bunch of smaller units. I'd be surprised if you could get a project like that going in under a year. Unless you start with a property that has that infrastructure already in place, where you will then pay a premium for that. 

I don't think that your idea is bad on its face and destined to flop, although I do think it is risky given your lack of exit options and timeline. You are also jumping right into the deep end instead of learning the game with a smaller property first. Maybe look for a campground or mobile home park that has some of that infrastructure in place where it will be relatively cheap to add the geodomes? Might be tough to find in Sedona but there are plenty of other areas out there where this could work.