All Forum Posts by: Mike Eichler

It's always best to ask around like you are here. Facebook groups are also an amazing place to share contacts of cleaners, maintenance, and any other contacts STR hosts utilize to have a rockstar team in the industry.

While I don't think this is necessary, I'm sure it wouldn't hurt as long as it would not cost you much. Some ideas could include posting on your social media to get family and friends to book. Offering discount codes on Facebook groups and other places like that. Finally, you could reach out to previous guests, especially ones that left very positive reviews, and offer a discount to stay with you again.

I hope this helps. Let me know if you have any more questions.

I love what you have so far. You want to be as creative as possible and add that you can also do movie theatre rooms and game rooms. You can also do the higher tier things that some people do to stay competitive with them, such as Hot Tubs or a pool. 

I also recommend thinking of certain things that not everyone can do when picking out a house for their next purchase, such as how loud the surrounding area is, the amenities the community or local area has, and most importantly, how private their rentable space is.

Hope this helps, let me know if you have any more questions.

Best, Mike

I know there are many Facebook groups you can join, discuss and negotiate a sale through. It would appear that many of them are request-to-join, but they seem relatively easy to get into.

I am in a few, and some of the listings there are great. People seem very open to sharing financials and reasons for selling.  

Zillow, of course, can be great as well, but much harder to get in touch with the owner.

I hope this helps. Let me know if you have any more questions. I am happy to answer.

For any more information about these HOAs or or other Poconos communities, feel free to reach out to @Jonathan Dempsey, I or anyone else on the Live Free Team. We are more than happy to answer any questions. Happy STR'ing!

Jonathan and I as well just made a podcast about this same topic, with out favorite STR communities, feel free to DM either of us for the link.

Yes, I highly recommend "Guesty." It is incredible. Has the live calendar that sync's to all OTA platforms. Does pricing and blocking of dates, which will post to all platforms. I work with a property management company of over 200 STR properties, which has worked amazingly for us thus far.

Let me know if you have any more questions. I'm happy to help.

Best,

Mike 

"Guesty" is incredible. Has the live calendar that sync's to all OTA platforms. does pricing, blocking which will post to all. The property management company I work closely with has over 200 STR properties under management and it has worked amazingly for us thus far.

Let me know if you have ant more questions, I'm happy to help.

Best, 

Mike 

Do not join any paid mentor groups of that price point. They make more money "mentoring" than they do Airbnb'ing. There is a plethora of information on the forums here on BP. YOu can also check out youtube and other platforms to learn specifics. Small plug I have a weekly podcast with @Jonathan Dempsey, specifically geared primarily to STR investing. Feel free to DM me for the link. I am also more than happy to answer any questions you have related to STR investing. I have one STR property myself and work closely with a property management company with over 200 STR units under management.

One great underwriting tool I use when I run properties suited for STR is Pricelabs. Pricelabs takes data from other STRs nearby and shows me how they performed over the past year. I can see the link for the property to see how comparable it is to my subject. It has worked amazingly. After getting some theoretical rates and occupancy, I plug them into my custom spreadsheet curated for my client's needs.

Congrats, man. I actually own a place in the HOA right next to yours. I hope you have some success here. Let me know if you ever need anything. I'm an agent and I can help with management services if you need them in the future.