All Forum Posts by: Luke Doyle

Quote from @John Morgan:

@Luke Doyle

That’s what I’ve been doing since I started investing in RE 7 years ago. I’d rather have my $ work for me while it’s just sitting there as emergency reserves. I’ve actually taken out 92k from our Roth IRAs over time (all tax free since it was just the principal-not the earnings) out over for RE (buying, rehabs and cap ex), and I just sold the stocks that had done well each time I tap into my stocks. Some people might think this is too risky, but I’m ok with a little risk to get ahead.

 Agreed.

I currently have a small line of credit. It would cover maybe 2.5 months of bills for both (2) of my properties. Where I live I have incredibly low vacancy rates, obviously won't be the case forever, but in 7 years of owning our house we have never had 1 month of vacancy. The other property, being an Airbnb, there is obviously a lot more risk involved. 

Maybe some sort of combination of the ideas in here would work. I could have a portion of my reserves, say 25% in Index Funds/Bonds, 50% of my reserves in LoC, and 25% in cash which could be put into a high interest savings account?

Quote from @Carlos Ptriawan:

Quote from @Luke Doyle:

Hey! 

I was just wondering what everyone thinks about keeping your reserves in a 60/40 stock/bond portfolio? Maybe having a slightly larger amount of reserves than normal to be able to withstand any sort of downturn?

let me know what you think! Thanks 

 lately, the classic stock 60/40 bond portfolio is no longer working. But It can work if you hedge it, for example, you can hedge it into:

SPX 50/30 bond/TBT 10/SDS 10 , this is like 80% long and 20% short ; you still have long bias but if market crash you have bit of protection.

 This is super interesting. I will have to look more into this.

I always find it so surprising when I ask questions like this it, in some people, elicits such a reactionary/emotional response, in very few, people but still some. I am very aware this may not be the BEST most recommended strategy. Hence the question. I figured inherent within the question was an awareness that there are many issues with the idea but I figured, by reaching out to this community, I could possibly find a way around those issues. Maybe I should have worded my question more sensitively. I just wanted to find a place to park my money where its not just sitting there uselessly. I appreciate those that gave productive/constructive responses. 

Hey! 

I was just wondering what everyone thinks about keeping your reserves in a 60/40 stock/bond portfolio? Maybe having a slightly larger amount of reserves than normal to be able to withstand any sort of downturn?

let me know what you think! Thanks 

Awesome! I’ll send you a message right now.

Quote from @Kevin Escobar:

Quote from @Kevin Escobar:

Sounds similar to Evolve and they charge 10%. 

 And I think they have been around for about 10 years. However, I have seen many of their listings with lower ratings than I would be ok with - so that could be where you stand out. Higher level of service creating higher ratings. 

For sure! I would be running these airbnbs like they are my babies. And I don’t think I would charge much more than 10% maybe more if I added bookkeeping services.

but I am just spitballing here trying to brainstorm before heading down any one particular path.

Quote from @Michael Baum:

Hey @Luke Doyle, I don't think it is a terrible idea at all. It's just that it is not for me or other here. You could give it a shot and see how it goes.

How much experience do you have running STR's? Other than being a live person, what do you bring to the table that would entice owners to use your services?

Hey! I appreciate that and totally agree. It’s not a service I would use either. To set me apart from the competition I would sell myself as alive. In addition I manage a super host short term rental across multiple platforms, I also manage my own long term rentals, I would target hosts in British Columbia which I know very well and especially go after the listings that I am a local to. So when compared to a company like Evolve I will have local knowledge, insights and culture. It may not work out but I don’t see much harm in trying. 

I think another thing I could add to my services is professional bookkeeping services as I am planning on taking a bookkeeping and tax course this year. 

let me know if you think there’s anything else I could add to make myself more appealing to clients.

thanks for responding to my post!

Hey,

I’m wondering if anyone has travelled internationally while managing their Airbnb? 

Im from Canada and I’m heading to New Zealand and Europe for 5 months. I don’t want to have to give out a new number to everyone and thought someone here may have tested out some options for keeping in touch with your team. I found something called OpenPhone but let me know if you have found anything else!

Any help is appreciated! Thank you so much!

Quote from @Michael Baum:

Double post it seems. Like I said in the other post @Luke Doyle, Evolve Lite who charge 10% for the same service. Not worth it to me for what I feel is the fun part of having a STR.

https://www.airhauz.com/cohost...


I couldn’t find evolve but i found this one. It does seem like a pretty good model. I think I could offer a fairly similar deal but I can target Airbnb's in places I know and would have local knowledge.

im not intending on this being my sole income I just thought it would be a cool way to make a few extra bucks throughout the year. So all I would need is 3-5 clients. Still a bad idea?