All Forum Posts by: Kraig Kujawa

@Liza Rotch I have definitely seen a unit that was ADA compliant -- the owner didnt realize what they had gotten and was wondering about some of the special access features. 

@Satish Skariah posted a link to my owner facebook group -- please join us. It's been quite a journey over the last year!

That's basically what I have penciled in too. 

I have one in FL that is crushing it. So now you have!

Hi Stephen, I'm an experienced investor. STRs, long term, MF. So let me simply bullet out the why:

- The numbers cashflow

- STR is like a unicorn in Austin. I would not invest in Natiivo Miami because STRs are everywhere. In Austin, they are not. And the city hates them. It's a modern miracle this building exists.

- I want to live in Austin part time. The units have owners closets where I can put my personal stuff there and live in probably the best location in Austin. Easy access to everything

 Kraig

Welcome to the Natiivo! Send me a DM and i can share my experiences and pros/cons with the lenders.

Kraig

Natiivo lets you use any mgmt service you want. The one that's associated with the property wants 25% all-in. They may offer a 20% for 1 year committment, but havent rolled that out. The interesting thing about the service is they use algos that condense all inventory into a handful of singular listings that represent inventory (so a listing for a 1bed, 1bed king, 2 bed, etc) -- then spoon out the reservations from that. 

If you join that, you wont really get much value from personalizing your place. But they say they will have an app that gives you a lot of visibility, so i may try it out, and see if they do a good job. If so, and it cashflows, Ill keep them and call it a day. 

If not, we'll do the usual thing we do with our airbnbs and make it stand out and go that route.

Kraig

This is exactly why I went with Natiivo Austin. There is not the same oversupply. In fact STRs are under a strangehold in Austin (i tried traditional routes first), so I think this hotel licensed residence will add value in that city.

Kraig

Part of the Natiivo draw is that you can stay there, use the amenities etc. As an investment it may or may not be lucrative. But it also has toy-like quailties. :)

I just signed a contract there. I am expecting to benefit from appreciation before the building is completed in November. After that I expect to at least cash flow a few hundred dollars a month with upside. That's pretty good ,given that @Brandon Turner, et all often say that cash flowing $200+ a door after everything is a win. :) 

@Sean Li as a fellow Nativo owner, lets connect. I'll send you a Friend Request and DM. 

Any other Natiivo or condo-tel owners out there? Exciting times

Kraig

Hey all. I had about 12 doors and recently shifted to Airbnb’s.

I am close to putting a Natiivo unit under contract. Here’s why:

I know how to manage remotely using non-Natiivo services and can save the 25%.

You can’t beat the Rainey location. Austin occupancy was around 75% before the new wave of transplants. They’re almost out of lots downtown. Hotel inventory isn’t going to explode anymore

Austin will be a magnet for years. I agree the appreciation will be lower than homes. But as a cash flow play I believe it's better than a SFH rental

Their migration has been a disaster. It has disrupted my business. Really disappointed in all of this