All Forum Posts by: Mike Carpenter

I have a PM client that uses a service called ThirdHome. It is exclusively for high end properties and I think some hotels, but he seems to love it. Instead of a direct swap it is essentially a marketplace where you deposit weeks, when they get rented you have access to the other deposited weeks. Essentially a closed market, high end Airbnb but the currency is your home. I played around on it a bit and it seems like a fun way to leverage a few weeks a year of your rental into something else.

Definitely not shilling for this company because I have never personally used them and I don´t know the fee structure. But it seems to solve a problem for people who want to leverage their home and don't mind losing a few weeks of revenue.

Sounds interesting. I'll check that one out. Thanks!

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Great points everyone! I did see home exchange but it felt like very high end stuff. I know a lot of people do it with time shares but I guess that is a whole different model than STRs. I was just thinking cut out the OTA fees, no taxes (since you aren't renting), etc. I figured there might be a platform where you add your property, then you say places you'd like to go and it would match properties with similar stats to yours that are also on the platform and handle the negotiations.

Thanks for the thoughtful replies.

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Do people trade or barter their STRs for vacations? In other words, I'll let you stay at my STR for a week if you let me stay at yours. Maybe compare based on ADR or similar.

Is that a thing? If so, where do people do it?

Thanks!

-mike

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All Forum Posts by: Mike Carpenter

Mike Carpenter has started 1 posts and replied 3 times.

Post: Is trading STRs for vacations a thing?

Post: Is trading STRs for vacations a thing?

Post: Is trading STRs for vacations a thing?