All Forum Posts by: KiKi Wood

Congrats on your first STR!! I would make sure you have professional photos to showcase your rental and the amenities you're offering. I would also make the lake stay more of an experience by offering things to do on the lake, etc. Best of luck!!

Congrats, that's awesome! I would focus on being guest-focused during your STR journey. Think about ways that can make their stay better and provide experiences. Best of luck!!

Our pain point used to be how to manage each aspect of STR. We didn't have the right systems in place, so it was a struggle. Now, we have found systems that automate our jobs a little more, making more time for us to grow our business!

Like said above, make sure you know what is needed of you before you jump into it. Most states, you have to be licensed to do property management. Keep that in mind when you're starting your journey! Best of luck!! 

I live on a septic and I get being worried about this, but I would do more research before you make that decision! If it is rated for a 3 bed, but it's not getting super regular use because of vacancy, then I don't know if I would be too worried about it. That rating seems to be based on that amount of people living in the home regularly. I would do what makes you comfortable, but that's what came to mind when I read your post! Best of luck! :) 

Hi Lotus! I love your name, and I think it's great that you're jumping into the STR game! We manage properties in the Indianapolis, IN area.

Amenities- depending on the market, a hot tub could be a great addition to your STR. I would look at comps in the area and see if other STRs are doing well with hot tubs. If you are marketing your property as kid or dog friendly, buy things that coincide with that like high chair, kids plates, cups, silverware, kid games, and maybe some kid proofing like outlet covers. Or, dog bowls, dog treats, toys, doggie bags for mess clean up in yard, etc.

Guest experience- We have hired VAs that do 24/7 messaging, so guest always have access to someone, we also have an Instacart+ membership so we are able to send anything over if they need it (like if our cleaners didn't put out enough toilet paper, etc.). A big part of guest experience is design and functionality of the home. Making the home look good with design and make sure people can be comfortable there will always help. 

Seasonal strategies- Almost all of our properties are hybrid. So, we have them listing as STR in the more busy seasons, and we transition them into MTRs during the winters, or slower seasons. It certainly doesn't work with each listing, but that is what we do with the majority and it is consistent income during a slow season.

Best of luck!!! :) 

I think this could be great!! I would make sure you really lean into a theme if you're going to do it, because that is what is going to attract guests. I would also make sure you get professional photos that showcase your property and its amenities. Best of luck, I bet it would be great! 

Welcome to BP! I am a local Realtor in Indianapolis, IN (which is landlord friendly) and I'm happy to answer any questions you may have! :) 

Hi Kevin! Great question. I struggled with this myself when I was trying to decide if I should buy a primary home or invest my money! I totally understand. I am a local Realtor in Indianapolis, IN, and I specialize in helping out of state investors invest here! I also co-own a property management company with my finacé, where we manage 60+ rentals. I would love to help you! Reach out if you need anything or have any questions! 

Hi Abhi! I am a local Realtor in Indianapolis, IN. I also co-own a property management company with my fiancé, where we manage 60+ rentals, mostly STR! I help almost solely investors, and a specialize working with out of state investors. I would love to talk to you about what you're looking for, and answer any questions you may have about different markets in Indy! Reach out to me. :)