All Forum Posts by: Katie Holmes

Welcome to Bigger Pockets! Having a skill you can leverage is a great advantage – it definitely helps you stand out. Best of luck!

Welcome! This is a fantastic community - glad you found it!

Quote from @Craig Jones:

I was just about to post about this.

Under the standard fee model, the guest service fee is about 14.2% and the host service fee is 3%.  So AirBnB gets a 17.2% cut in total.

If you choose "simplified pricing" the host fee is 15% and there's no guest fee.  You can then raise your prices so the guest sees the same total as before, and you actually end up netting 2.2% more.  

Another (minor) benefit is that AirBnB compliments you in front of the guest during the booking process:

Of course I'm not really covering anything.  The money has just moved under a different shell.

 Super insightful - thank you!

Not investing out-of-state sooner!

Welcome Kyle!

We scan and analyze every new listing all across the country and I would highly recommend out-of-state investing if you're in an expensive area! We see a very low "hit rate" in even the best markets today so good deals can just be hard to come by!

We analyze every new property that comes on the market and some of my favorite cities right now are Detroit and Indianapolis. Best of luck!

@Gopi Goswami Oh interesting! Makes sense!

I definitely recommend out of state investing!

Welcome to Bigger Pockets! We've seen success in Newark. Excited for you to start your journey!