All Forum Posts by: Ryan Moyer

I own one in Davenport and manage quite a few others in the area.  It's not the easy free money printing machine it was about 18 months ago, but it can still work.  I'm traveling this week but could chat next week.

Quote from @Ken Boone:

I install all TCL Roku TVs in my STRs.  I label all the remotes.   In some rooms I have remote holders mounted on the wall where it makes it obvious that is where the remotes belong.  My cleaners also check to make sure all my remotes are in place as well.  Again, the labeling on the remotes help.  

Sticking with TCL Roku TVs ensures that the bedroom remote will also work in the living room if the battery dies. They are also super cheap to replace with 3rd party TCL remotes, so I keep several extra at each STR.

Can't help you with the screen though...

 Yes this is the ideal way.  Unless you purchased the home already with TVs.  I outfit a 9br home all the TCL roku TVs.  The replacement remotes are 5 bucks on Amazon so I just bought 20 of them and leave them in the cleaners closet.

Quote from @Dave Stokley:

Curious to know what you’d pay for a service like this. We only offer full service management but a local city is considering requiring something like this. To me, as a manager, this sounds like you only want to pay me to handle the dirty work, which would be a hard pass. Interested to hear the details though.

 Yes, you're correct, it is the dirty work.  In Orlando these services exist from anywhere from $225-$350/mo which, to me, sounds like a terrible deal for the manager doing the dirty work.  But I guess they do it on economies of scale (and they usually are partnered with their cleaners so I'd assume they're making some money there as well).

Quote from @Andrew Steffens:

Im not sure of that area because we are in FL and offer Full Service PM only but I know here they are prevalent and usually referred to as cohosting services.  Maybe try Googling that term and looking on Airbnb as you will see something about Cohost on listing page, so maybe you can find them that way as well.  Hope that helps

 Co-hosting usually means the opposite (the co-hosts handle the bookings).  OP is looking to handle the bookings themselves and have someone take care of all the issues after the guests check in (beeping smoke detector, toilet won't stop running, etc).

Maybe I'm missing something, but in the spreadsheet how is a $114k depreciation loss each year netting $74k in saved taxes?  A $114k deduction in that tax bracket would be about half that in tax savings, no?

Quote from @Ian Tyndall:

You should look to conduct a cost segregation study so that you can accelerate more of your depreciation against your income. It will allow you to deduct 100% of assets with a useful life of less than 20 years for 2022 and 80% in 2023.

 It looks like he already has a cost segregation built in to his spreadsheet, just with accelerated depreciation rather than taking full 100% bonus depreciation in year 1.

You really think copy/pasting some ChatGPT basics is going to generate realty leads for you?

Quote from @Esta Ryder:

I do feel bad for the people who have stock in the company

No one to blame but themselves.  For the first time in 15 years the fed isn't waiting at the door to rescue people from making stupid investment decisions with no due diligence and even 5 minutes of due diligence into this company should have scared any reasonable investor away.

Quote from @Luke Carl:

I just got an email from Airdna that said things are up about 15%  

I didn't read it but it was nice to see.

I'm seeing business as usual for my properties for the most part.

Full article was nights booked up 15% YoY, but available listings up 26% in the same time period, for an overall decline in occupancy rates.

Same story as every AirDNA report the last 9 months or so.

I don't think your experience with your previous PM was normal.  There are a lot of people that use PMs and never do anything other than collect their checks.  You could always give the PM route another shot and see if you can find one that's more hands off.  You shouldn't have to manage your PM.  That's the whole point of a PM!

As far as arbitrage goes, you'll have a tough time getting an answer on that on these boards as almost everyone here is a real estate investor and not an arbitrager.  Personally I am not as against it as most on this forum are.  I know the STRs I manage with cleaners/handymen in there every week are in a lot better shape than most of my friends/family's LTR's when a tenant checks out after doing 2 years of who knows what in there.  But you'll run into the same problem with arbitragers as with PMs.  You need to find a good one.