All Forum Posts by: Mike Eichler

Totally do it! I got my license at 19 and I love it, Ive been in the space for about 2 years now. I started off unlicensed just helping out an STR property management company at 18, just learning the tricks of the trade. I now own an investment property myself and help others too. Becoming licensed was the best decision I have ever made!

Yes just like @Bruce Woodruff explained a light blanket is much easier to clean and keep nice, just don't get the fuzzy ones your cleaners will hate you, go for regular soft ones you can buy at Walmart. 

One thing I totally recommend is getting mattress protectors you can put under the sheets to protect from any liquids or stains, this will be a lifesaver as you only need to replace the protector and not the whole mattress.

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

The main services that are needed to get and keep an Airbnb running are as follows.

Cleaning, Maintenance and Communications, all of these are super important and if even one of these services is bad it will reflect in your rating, which will inturn reflect in your income.

You could have an amazing unit that isn't getting cleaned correctly or is getting damaged and not repaired correct and you will very quickly stop getting bookings as much as your rating will keep falling due to bad reviews of these things.

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

Yes for the property management company I work with we have had some great success using breezeway to manage our cleaners. It links to all of our other PMS software pretty easily too, so that the cleaners can also mark when they are done so our trash people know that they can come collect that too before check-in.

Hope this helps, let me know if I can help with anything else!

The STR property management company that I work with charges a 22.5% fee of the gross revenues after any cleaning expenses are taken out. This is typically around what most companies charge for all services included. We charge this fee for all of the same services that you offer, communications, cleaning, and maintenance. This management has everything involved to keep the owner and investor completely passive, as that is why they hired us in the first place.

Our onboarding fee is $550 which includes professional photos, cleaning and creating the listing and getting it prepared to be rented.

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

Best, 

Mike

This should be lender specific on how far apart things like that are. The lender I typically work with and send a lot of my clients to is able to do multiple 10% down homes in the same market, given of course that you can keep qualifying for them without going over DTI level.

Not all lenders are going to offer this for your area though remember, always best to shop around and find the best deals.

Hey, Noticed no one answered this yet. While this is not the market I operate in... I can give you suggestions on where to find some :). First I would hop into some Facebook groups for your market, look up "(your area) Airbnb rentals" or something like that. Another thing you could do is reach out to other hosts nearby and ask them who they use and if they could share them with you.

Hope this helps you!

Best, Mike  

 Thanks for the cost breakdown, does not seem so bad actually. Probably concrete pad would be the best bet

Quote from @Paul Sandhu:

Have them build their own. I fabricated this wood fired heat exchanger and it's inside the shell of a hot water tank. There is a pump in the tub that circulates water through the coils of the heat exchanger. It's not rocket science man. If they can't build it themselves, they probably should not be in the STR business.

 Haha, great point thanks for the input.

Hey all, I am a realtor that frequently helps people find potential Airbnb-type properties in the Poconos, Pennsylvania.

I am asking you today if you have experience in hiring contractors to A. make a platform with which the hottub will sit, B. The electrical work it will take to get the hottub connected, and C. The costs associated with doing such work. If anyone has any information on these things please let me know.

Thanks, BP

-Mike