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All Forum Posts by: Krista Lance

Krista Lance has started 4 posts and replied 15 times.

Post: Cleaner Making More than Property Manager

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

This is a great & interesting thread with very good points! Also - Aidan, I am also in Santa Barbara! Hello! :)

Post: This ONE Change Can Boost Your Airbnb Ranking

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

This is great, thanks! Just to double-check -- you're talking about adding alt text within your photos, NOT just the caption, correct? I just want to be sure because your text “Beautiful view of the countryside” could also technically work for the caption. Thanks! :)

Post: My first BRRRR using private money!

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

Thanks so much, all! :) I am planning on refinancing out after 6 months! It should be rehabbed & rented after about 3!

Post: My first BRRRR using private money!

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $110,000

My 1st BRRRR deal, just purchased on 4/1/24. Stay tuned for the refi for final cash left in the deal & monthly cashflow!

What made you interested in investing in this type of deal?

To invest less cash in the deal, since I have limited capital. Also, to grow & expand into doing something new and scary!

How did you find this deal and how did you negotiate it?

Through my agent team.

How did you finance this deal?

Private money lender (a family member).

How did you add value to the deal?

We are doing a $25,000 renovation (mostly cosmetic).

What was the outcome?

TBD!

Lessons learned? Challenges?

I'm very nervous/anxious about the refi since it's so unpredictable & 6 months out!

Post: Santa Barbara Informal Meetup #33

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

Looking forward to my first time at this event! Thanks!

Post: Offering Airbnb Co-Hosting/Management Services

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

Hello, my name is Krista and I have been hosting on Airbnb for over 5 years and have several years of professional experience in both the Real Estate and Hospitality industry, along with a background in Marketing. I have recently ventured out on my own and am offering short-term rental co-hosting/management services, fully remote (it doesn't matter where your property is!). I am your one-stop shop for all things co-hosting! I will handle everything from preparing the property, doing market research and setting up a stellar listing, to managing the day-to-day tasks such as communication with guests, optimizing pricing, scheduling cleaners, taking care of maintenance issues and of course maintaining communication with you. I also offer these services à la carte, if you just need one or two items taken off your plate. Overall, I am here to support any short-term rental owner who doesn't have the time or energy to manage their short-term rental, but still wants the benefits of that rental revenue!

Let's connect to discuss your current pain points and how I can help!
Please view my website for more info on my services here: https://kristacohosts.my.canva.site/airbnbcohosting

Thank you, and I look forward to connecting!
Krista

Post: Do you need a Realtor license to be a property manager in Colorado?

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

@Steve K. thanks! That's helpful!

Post: Do you need a Realtor license to be a property manager in Colorado?

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

Hi all - I have a new-modern day question regarding this: What about if I want to manage a "medium-term" rental (i.e. 30 days or more). TECHNICALLY, this falls within the long-term laws because there are only 2 categories - long-term or short-term. I have a client who wants to rent his home for 30 days or more, but not full year leases, just a few months at a time. Would I need a Real Estate License / Property Management business for this? Thanks for the help!

Post: Tenant placement fee/property management

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

Old thread, but new modern-day problem & question related to this! If my state requires a Real Estate License to be a "property manager" - what about finding & placing "medium-term" tenants (30 days for more)? I have a client who wants to rent out some bedrooms in his house part time, but preferably for 30 days or more (not short-term Airbnb style). Thanks for the help!

Post: Short Term Rental Co-Host

Krista Lance
Pro Member
Posted
  • Investor
  • Santa Barbara, CA
  • Posts 15
  • Votes 8

Hey Megan, were you able to find any hosts to co-host with? I am looking to do the same thing in my area, and would love any insight you have as to finding clients! Thanks! :)