All Forum Posts by: Kelly Cochran

Loving the idea of a local co-host for 5-10% that can manage cleanings, turnovers and maintenance for my new STR. I'm a marketer & don't need help getting bookings, which is what I'm finding most full property management companies keep touting as their main benefit, and why they charge 25-30% of your gross income.

Any tips on how to find a qualified co-host? AirBNB site is zero help.

Thank you!

Kelly

0 Votes

Coeur d'Alene, Idaho

Quote from @Todd Goedeke:

@Kelly Cochran hire a co host( retirees) to do the things you listed. Pay them 6-8% of gross or $25-$30/hr . Flat fee for cleaning.

Tips on finding a cohost?

0 Votes

Quote from @Tony Ngo:

If you already feel struggling on PM with 25-30% of your gross, you can give it a try for yourself. @Michael Baum suggested. Do welfare check the place once a month or so. Most important person is the cleaner. If you can find someone that you can trust, pay them a little more with return that he/she can be your 24/7 emergency response person and look out the property. You can always communicate with cleaner each time on guest check out for conditions of place at the beginning so that the cleaner know your expectation. Good luck. You can do it.

Thanks, Tony! Any tips on finding a reputable cleaner? Things to ask when screening?

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Quote from @Richardd Barran:

Heck no

Unless you’re already a millionaire, 25-30% of your gross is worth a few hours of your time every week, and eventually when your systems get refined, that few hours turns into a few minutes.

Read Avery Carl’s book, watch Robuilt on YouTube and real estate Robinson’s.

If that makes us insane, than color me insane. Normal is boring anyway. That’s why we’re real estate investors

Awesome, will check out all your recs!

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Thank you so much, everyone, for your thoughtful replies! I think I'd like to BE an active host, but knowing my work/kid schedule and how much that drive to/from the house will be, I may have to be realistic and hire a PM for the summer...

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Quote from @Eliott Elias:

If you do not have a day job, do it.

Oh I definitely have a day job, but it's fairly flexible (WFH).

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18% is an awesome quote. Lowest I'm getting in Coeur d'Alene is 25%!

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South Bend, Indiana

Hey friends,

Really struggling with paying 25-30% of our gross to a property manager on our first STR.

I love all the details that go into AirBNB (decor, set-up, marketing copy, customer service), so the only things I can really see needing help with are:

1. 24/7 emergency response person

2. Lawn care

3. Great cleaning people for turnovers who I can trust

Is that worth 30%?

Our STR is in a vacation town 40 min from us - we are very familiar with the area.

High season is all summer, then slows way down.

Thoughts? What am I missing?

TIA!

Kelly

3 Votes

Quote from @Account Closed:

Quote from @Kelly Cochran:

Just used this for 20% off your first month: COUPONx2

Enjoy!

Thank you, Kelly! I am new around here too and was just about to purchase my first month.

Awesome @Account Closed Welcome! I feel like I've been in RE Investor University these past couple months. Let me know if I can help you with anything. :)

0 Votes

All Forum Posts by: Kelly Cochran

Kelly Cochran has started 4 posts and replied 31 times.

Post: Is it insane to manage your own STR?

Post: Tips on Finding an AirBNB Cohost? (CDA, Idaho)

Post: Is it insane to manage your own STR?

Post: Is it insane to manage your own STR?

Post: Is it insane to manage your own STR?

Post: Is it insane to manage your own STR?

Post: Is it insane to manage your own STR?

Post: Are out of state property managers worth it?

Post: Is it insane to manage your own STR?

Post: AIRDNA Coupon Code