All Forum Posts by: Jason Luongo

 Pretty much agree here. Especially if its your first deal, no agent is going to work as hard as you will for yourself. Ive purchased 3 properties in WPB and have used an agent, but I have found all the properties myself based on my criteria. If you are looking for help with management, I can certainly help you with that.

 By Primary, do you mean the listings under YOUR Airbnb account and you own the listing? So if they were to switch managers, they would lose that listing and review. Sorry for the confusion. And are you using the new co-host payment feature?

I manage 11 properties, we help them create their own account during onboarding, and we are set as the co-host within airbnb. VRBO they just have to share login with us, then we connect to hospitable.

I have gone back and forth whether this is the correct way moving forward as we scale.

I also use Hospitable and it has just plained work well. I wish it has some type of owner reporting feature instead of just the spreadsheet. Are you manually creating invoices in something like quickbooks as I am doing now?

We should definitly connect sometime. We're in the same ship.

 Totally understand your reasoning Levi! Just make sure that the local person is an expert on revenue management strategies and OTA listing optimization. I outrank, out review, and stay booked much more than lots of the "local" managers in my area. Just food for thought!

Minuts newest device can detect cigarette smoke as well now

What business model does your management company use for clients? Do you own the listings under one account? Or do the owners have their own accounts and you as co-host?

Also, what PMS have you found works best at your scale?

Quote from @Account Closed:

Quote from @Noah Laker:

Hey BP, with all the buzz about to-AirBnB or not-to-AirBnB, I wanted to throw my hat in the ring and introduce myself.

I am a real estate broker and investor in Northern California. I manage over 100 client properties, almost all of which are furnished STR.

Nothing is off limits. Ask me anything and I will do my best to provide helpful insight. 

Have you seen any drop in rates or occupancy, or is this guy just click bate?

Re:venture consulting says

"The collapse is most notable in the Southwest and Mountain West areas of the country, where Airbnb revenue per listing is down 40-50% YoY. With owners in cities such as Austin, Phoenix, Denver, and San Antonio taking the hardest hit according to data from AllTheRooms."

 This is 100% click bait. Airdna, the industry standard in data has already debunked this. https://twitter.com/host_with_...

I would recommend hospitable, especially with one listing. Its the simplest to set up and cheap which is probably important to you only having one listing.

This was debunked by the SVP of Analytics at Airdna. You can check it out here

https://twitter.com/host_with_...

Podcasts and networking have been the key for me. Podcasts are always sharing the latest tips, tricks & strategies for our niche. And networking will propel you to the next level. You're much better off spending that money on a conference like STR Wealth Con or something similar. Rub shoulders and network with people who are doing what you want to do.

I manage 11 listings total and have tried every PMS out there. With that said, I ran into the same issue as you with Guesty. Thats a deal breaker for me. I need to be able to update on the listing platform in real-time.

I have tested Guesty, Owner-Rez, Uplisting, lodgify and Hospitable.

I now use Hospitable and SWEAR by it. It's not overloaded with features you don't need. It's probably the cheapest PMS out there, and it works. It doesn't use full VRBO API integration so you're not going to have that issue or have to wait to do anything with your listings.

Their team is awesome and is frequently upgrading the platform with new features. I will admit it's lacking a few features I would really like, but it does the IMPORTANT stuff well!

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