All Forum Posts by: Ryan Moyer

In the case of selling a business you're not transferring the account, you're transferring ownership of the business.  The structure of the business is changing behind the scenes, but the ownership of the accounts by the business remains the same.

IE if the guy who created the "Vacasa" account on Airbnb/VRBO leaves Vacasa, they don't have to start over with a new account just because the guy that initially created the accounts left.  The account is "Vacasa"'s, not his.

Likewise, if Elon Musk decided to buy Vacasa and tomorrow, I'm pretty sure he would retain the accounts as they are assets of the business he's buying, not any particular person.

Just because you create it as a business account with an EIN instead of an SSN doesn't mean you have to use the business name on the listings instead of your personal name.  In fact, you have to go out of your way to get the business name in there (I actually had to reach out to support to figure out how to do it, and ended up changing it back to my personal name) by putting the business name in the first name field and leaving the last name field blank.

So in your example, "Lumen" would have put "Lumen" into their profile as their first name, and left the last name field blank.  They could have just as easily put "Eddie" into the first name field and have it show up the same as the "personal" example even if the account is registered as a business with an EIN.

AirDNA's revenue projection includes cleaning fees, while manually combining ADR * Occupancy does not.  So if you're using AirDNA's projected revenue then you will need to project cleaning expenses to subtract out.

Also note that AirDNA's data is based on trailing data for the last year.  So you're getting projections based on last year's market.  That may not matter in normal times, but when the market is in a period of fast change (as some would argue it is right now) it's worth factoring in.

Some people are doing it with success. Biggest problem is that managing a Turo rental is more hands on than managing an STR, and is more difficult to do remotely.

But if you can find a way to do that work, you've basically got two businesses where every customer for one is a free, super valuable, super targeted lead for the other, with the opportunity to offer a bundle discount to close the deal.

It would require them keeping an eye on things (rather than getting an alert), but you can create a user for them in Hospitable that has access to all the guest messaging.  So they would get an alert any time there is a new message, but they'd have to know to check back in an hour and see if you've replied.

I believe most people in the SLC valley are operating illegally.  Maybe it's just SLC proper, I'm not sure.

 Yes it's just the 4 of us, so I don't really know much at all about the feasibility of a large 6 bedroom place, even as a guest.

Me and my family love skiing at Brian Head.  But I should note much of the reason we ski there is because it's less crowded and because there is a plethora of cheap lodging always available.  And that is during ski season, which I assume is the high season where most of the money is made.  It might be less seasonal than I think with the monument up there and everything, but I'd have to imagine at the very least spring is a muddy slopfest where the place is empty.

This is really great info, thanks for sharing.

One thing to note on the last few sentences.  You mentioned that in a bad year you break even so the downside is limited.  But if you bought 3 years ago surely your mortgage is MUCH lower than someone buying now, so that would change things pretty majorly in terms of risk for a current buyer I would think.

I was surprised to hear that this winter has been bad.  People not going skiing because of too much snow sounds crazy!  Out here in Utah we've had the same historic year and every ski resort has been packed to the gills more than ever before because all that snow has made it more desirable, not less, and everyone is equipped to deal w/ the snow.

 No you still book the place however you would book the place.  You (as the owner) pay Xplorie some fee to be able to offer these to your guests.  You could also buy them yourself as a guest, this is basically just the host buying it and giving it to you, but they get a little better rate because they're buying a lot.

It's market dependent, but often many of the offers aren't as good as they sound.  IE "free ticket to Dollywood!" is actually often something like "get one ticket to Dollywood free when you buy 4+ tickets to Dollywood".

We had it once for our stay in Destin as a guest, and we didn't even end up using any of them because they almost always required spending a bunch of money on something we weren't otherwise going to do just to get the one or two free tickets added on.