All Forum Posts by: Mike Francis

Quote from @Sunil Ghosal:

Most of the Boostly websites I see are very slow to give quotes and have higher downtime. What ROAS are they projecting?

They say that their customers see a 30% increase in revenue but they don't make any guarantees.  

Quote from @Sarah Kensinger:

This new post would be very helpful for you to read....

https://www.biggerpockets.com/forums/530/topics/1191880-how-...

 Thank you Sarah.  I will give it a look!

Quote from @Ian Tyndall:

Mike, 

I would be happy to help you with any analysis you are doing and share my perspective and data access.  This is both an art and a science as they say.  The data help with the science part, but the art comes from your design vision and connections with people in market who can give you information about the areas where you are interested in investing.

I have used a lot of tools, and right now I am using AirDNA and BNBCalc to get different data driven views on properties.  Happy to run numbers for you with these tools and give you my $0.02!

 Thanks Ian! I might take you up on that.  I do subscribe to AirDNA but not on their enterprise membership.  I assume it must be pretty pricey if they won't even advertise the subscription cost.  I don't have the capitol right now to spend a ton of money on software.

Thanks Nathan. That one has been on my list for awhile. I will move it to the top!

Where can one learn a systematic way to evaluate markets and properties for STR? It feels like information overload!

I have searchd the forums but couldn't find much about Boostly.  They have nice looking direct booking sites, but I'm more curious about their digital marketing training and crm software included with their package.  It is a fairly signinificant set up fee and monthly charge.  They claim that their clients are seeing a large return on their investment but would love to hear from somoene who has actually worked with them.  Thanks!

I switched over to Lodgify and it is definitely better. Their customer service is pretty solid. You can always call and talk to someone. They can't always solve it right then and there, but at least you get the ball rolling. Certainly not a perfect platform but superior to Guesty in my opinion.

The only reason to me is more bookings. For whatever reason my market leans more towards vrbo. I added a 5% charge to vrbo to offset the extra cost  

I had a horrible experience with Guesty for hosts. Two double bookings and zero customer support. 

Hey @Eric Ullmann, I just got into the STR market myself at LOTO. I bought a 2/2 condo in Osage Beach. I am not going to come close to hitting the AirDNA numbers. I am not sure if it's due to me being inexperienced in managing an STR, or market saturation (especially in the 2/2 condo space). I have a friend that owns 4 properties down there. One of them is a 4BR cabin on the water, and that is the only one doing well for him this year. I am on Airbnb and VRBO and my reservations are almost split down the middle. I have heard that it's a VRBO market as well, but that hasn't been my experience so far. Again, I just got in the game, but I thought I would weigh in with what I have seen so far.