All Forum Posts by: Kenneth Hayes

@Kenneth Hayes

Let’s take your questions 1 by 1:

Budget: $250k - that will get you a 3br, maybe 4br in the Kissimmee area, which is where you can have Airbnb properties close to the parks. I would suggest raising the budget to $275k, as it would open up doors to much better properties

Bookings: we are still getting booked without issues. With that being said, guests since the pandemic have become very detail oriented. In the sense that pre-covid you could have left a little piece of paper under the bed and would have been fine. Now, that guarantees a bad review for cleanliness.

Suggestions for maintaining good bookings: cleanliness is number 1, 2 and 3. And, the difference between being Superhost and not is big. I’ve been fortunate to have maintained Superhost status this whole year, but covid forced me to up my game significantly.

Renovation? Absolutely. What I’ve learned this year when looking for properties for clients is that a short term rental needs at least one Wow factor. What is a wow factor? Something very unique and special of your house. It could be fancy furniture, amazing pool with view, unique game room, etc. Plain boring house dont cut it anymore. A lot of guests now were former hotel customers and they have high expectations.

Conclusion: what we are seeing and will see more off is covid forcing operators to up their game or force them out. That brings a ton of opportunities (and riches) for those that win.

On another topic, we should connect! My next expansion project (early 2021) will be investing in apartment buildings in Georgia (between Atlanta and Cummins). Are you familiar with that market?

Serena