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All Forum Posts by: Luke Carl

Luke Carl has started 175 posts and replied 4103 times.

Short-Term & Vacation Rental Discussions

Post: SBA loan for small hotel

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688

I think you’ll find any bank will want 25% on it. Unless you have a massive deposit relationship with them like 1m++++ then they may do 20%

That said they will finance the rehab if you’re a strong borrower and it pencils. 

1 Vote
Short-Term & Vacation Rental Discussions

Post: Longest Distance to Self- Manage First STR?

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688

10,000 miles 

0 Votes
Short-Term & Vacation Rental Discussions

Post: AIRBNB is siding more and more with guests

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688

It is what it is. Have to know more about Airbnb than Airbnb knows about Airbnb. Which isn’t that hard 😍

5 Votes
Short-Term & Vacation Rental Discussions

Post: finding an STR daily rate sweet spot with pricelabs

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688

Change the rates daily. That’s the sweet spot! 

0 Votes
Short-Term & Vacation Rental Discussions

Post: Beach House Issues from your experience

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688

Roof HVAC and septic just part of it in the house biz. They have a life span. You replace them when they need it. No big deal. 

1 Vote
Philadelphia, Pennsylvania
Short-Term & Vacation Rental Discussions

Post: New Sevier County Solid Waste Plan

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688

It’ll be a long time before anything changes. And it’ll all be fine. 

1 Vote
Short-Term & Vacation Rental Discussions

Post: LLC for funding, 2nd home loan STR investment

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688

LLC and Investment don't mix with second home loan. No go.

2 Votes
Short-Term & Vacation Rental Discussions

Post: STR or Long Term in Destin & Fort Walton Area

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688
Great area for this. So good in fact that we moved here about 3 years ago.
1 Vote
Destin, Florida
Short-Term & Vacation Rental Discussions

Post: The “Airbnb crash” follow up

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688
Quote from @John Underwood:

Thank goodness this apparently only effects Airbnbs since Vrbo's weren't mentioned.


 Vrbo 11 billion in revenue Airbnb 9 billion in revenue. Yet Vrbo never makes the news. 

3 Votes
Short-Term & Vacation Rental Discussions

Post: Best perks for guests in an STR?

Luke Carl
#3 Short-Term & Vacation Rental Discussions ContributorPosted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,688

As many as I’ve stayed in that under delivered id be happy with clean sheets 😍

1 Vote