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All Forum Posts by: Michael Weir

Michael Weir has started 8 posts and replied 24 times.

Post: How realistic is it to get into STR now?

Michael WeirPosted
  • Flipper
  • Reno, NV
  • Posts 24
  • Votes 5

@January Johnson where did you come up with 10-15% of purchase price formula? Have you seen that works even with a mortgage? 

Thanks, everyone - So of course my next question... Does anyone in the area have a great cleaning crew and handyman?

@Elizabeth Howell Good points and thank you for the added information. Want to expand into other platforms and as you mentioned, may just be something I do myself.  I currently use hospitable to "manage" my listings on 2 sites, but as I grow and want to expand to other listing sites, Hospitable is very limited so was looking at using Guestly and combining it with Rentals United.  Does anyone work with either Guestly or Rentals United?  I know @Andrew Steffens mentioned he worked with a similar combination.  

STRs and yeah I'm seeing 20% everywhere... Looking for something less expensive as I can handle everything except house cleaning and maintenance.

I use Hospitable and you have to create them all manually and then "Link" them, which Hospitbable only links to 3 sites, VRBO, AIRBNB, and Booking - I am trying to get away from creating the same listing manually over and over - I want to say Guestly even links to MORE sites, but again you have to have those listings already created on those sites before Hospitable/Guestly will be useful.

Are there any "Boots on the Ground" type property management companies in the Greater Miami area, specifically Hollywood, Florida?  Most property managers want to be super full-service and charge you 20% - Are there any other alternatives out there?  Is anyone currently making it work without a property manager?

Thanks

Is there a service (like a one-time fee) to have a company post your STR on every available "Site" out there... For example, I pay $$ and they take my 1 listing I have on Airbnb and they list it on everything, like Booking.com, etc.?

I know there are "Property Management" companies that charge you 10% to do something similar, but not wanting to give up 10%.

Thoughts?

Post: How realistic is it to get into STR now?

Michael WeirPosted
  • Flipper
  • Reno, NV
  • Posts 24
  • Votes 5

Not to hijack this post, but I had a related question about if there is a service (like a one-time fee) to have them post your STR on every available "Site" out there... For example, I pay $$ and they take my 1 listing I have on Airbnb and they list it on everything, like Booking.com, etc.?

I know there are "Property Management" companies that charge you 10% to do something similar, but not wanting to give up 10%.

Post: Realtor in Myrtle beach SC who knows Airbnb market

Michael WeirPosted
  • Flipper
  • Reno, NV
  • Posts 24
  • Votes 5

Hello everyone,

wanted to pick your brain on the STR market currently in the Myrtle Beach area? I have a property in Orlando, one in Tulum and looking to diversify in another area and figure I would look at myrtle beach...

Thanks for any added info - if anyone can assist, please message me.

Michael Weir

Post: Checking out Sacramento Area...

Michael WeirPosted
  • Flipper
  • Reno, NV
  • Posts 24
  • Votes 5

Hello Phil and Blake - 

Yes please have Ryan reach out to me, I can't seem to send any messages using this platform, getting some error's but yes I would be interested in getting connected.


Thanks for the lead.

Michael Weir