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All Forum Posts by: Ryan Moyer

Ryan Moyer has started 11 posts and replied 878 times.

Post: anyone tried combining STR with Turo

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295
Quote from @Michael Baum:

Well, our place isn't in a fly to location. All our guests drive to our lake house. Regardless of how they get to the area you still have to drive there. If people fly into Spokane airport they would have to rent a car anyways.

I would guess that anyone who flies to any destination would most likely have to rent a car so having a car at the home seems superfluous.

I suppose if public transportation is available then it could make more sense. Use the bus or Uber to get to the house then have a car there to use would be something useful.

Of course the car is in the way for those that don't use it. Also, I would bet this would be considered "providing significant services" so it would change your tax situation. You would have to talk with a CPA about that.


I would assume the OP would have airport pickup as an option for the car. That's how the person I mentioned above in Orlando does it. The person flies into Orlando, picks up their car at the airport, and uses it to drive to their STR, then drops it back at the airport when they're done.

Post: anyone tried combining STR with Turo

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295

There is someone that does this in the neighborhood I own in near Disney and has great success with it.

The major advantage is every time you encounter someone on one platform, you get a free, GREAT lead (someone that you know is traveling to the area and already has a relationship with you) for your asset on the other platform.  And a discount for booking both through you can often close the deal on one or even both of them.

The main problem with this is Turo cars are not NEARLY as easy to self manage remotely (nor are there as many management options) as STRs, and there aren't nearly the same type of systems set up for it.  Most Turo owners are local to their cars, unlike STRs.

But if you can make the Turo rental work it seems like something that could be a huge help, and the couple people I've talked to actually doing it have had good luck with it.

Post: PICKLE BALL COURT

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295
Quote from @Bruce Woodruff:
Quote from @Ryan Moyer:
Quote from @Bruce Woodruff:

Naw, I'd pass. Think how many people that you personally know that play. I know 2. It's also an older person's game (generally) so I think the use would be limited.

I'd rather set up a small putt-putt Golf course (3 holes?) everyone plays that...


 I'm 39 and I know at least 2 dozen people that play.


 Hmmmm, guess I need to get out more! 😂


 To be fair I'm in Utah which randomly seems to be the pickleball capital of the world somehow.  It was big here 5 years ago before it caught on everywhere else.  We have 4 indoor pickleball complexes and probably 7 or 8 sets of pickleball courts (each with 8-15 courts) within a 15 minute drive of my house.

Post: PICKLE BALL COURT

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295
Quote from @Bruce Woodruff:

Naw, I'd pass. Think how many people that you personally know that play. I know 2. It's also an older person's game (generally) so I think the use would be limited.

I'd rather set up a small putt-putt Golf course (3 holes?) everyone plays that...


 I'm 39 and I know at least 2 dozen people that play.

Post: Hot Tub: new vs. used

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295
Quote from @James Hamling:
Quote from @Ned J.:

Would you rather buy a brand new car or a lightly used one in good shape?

Do YOU want to eat the depreciation or let someone else do it?

Are you crazy, heck-no gimme that depreciation! I got Uncle Sam all over my sh#t talking about "come on man, just a few more bucks, come on, look at all that $ you got, just a bit more". No, I want EVERY write-off I can get! 

Your clearly NOT an investor Ned, if you were you'd know how valuable depreciation is. 
So yes, new please. I have warranty, nifty features, can market it as new to monetize that AND get all that sweet depreciation buddy! 



 Actual dollars saved are still worth more than a tax writeoff that saves 35% of those dollars.

Post: Hot Tub: new vs. used

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295

No idea where people are getting this weird notion that a used hot tub is something gross and it has to be new.  There are hundreds of cabins that turn over to new owners every month in a place like Gatlinburg and every one of them keeps the hot tub from the prior owner and on one blinks an eye about it.  It's not like they're throwing it out and buying a new one.  

Heck, several of the people in this thread weirded out about a used hot tub are probably using a used on that came with the home in their rental.

Post: STR/Vacation rental NW Flordia

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295
Quote from @Ricardo Hidalgo:
Quote from @Justin Aldred:

I was having a discussion the other day with someone who said that Northwest Florida (especially more of the luxury areas around 30a) are more of a "capital appreciation" play and that It's impossible to get good cashflow in the luxury areas. Is this true? My thought is even with high and low season there has to be a way to generate good cash flow in this market and that maybe the houses are over-priced and have not been re-priced for the current interest rate environment.

My question: Are homes just overpriced or is it normal to have crappy cash flow in this area?

(for example the area we're looking at a house producing 100k in income asking 1.2million) when you factor in taxes, maintenance, cleaning, etc that barely breaks even or even looses a bit.


Buying lots and building on 30A or laguna beach could allow you to cashflow with a massive equity position. I like to flip and build in our area since the appreciation pays out exponentially versus the long term cashflow. Some of the projects we have done in the past, we were all in for 1.45 million and resale was 2 million with 200-225k rental projections. 


 How far from the beach was this?  Most lots I'm seeing even 2+ blocks from the beach are $750k+ for 9000sqft lot that would be tight to even fit a pool on, just for the lot.  And I figured you were looking at minimum $1M+ for the build in that area.  Are the home builds much cheaper than I'm anticipating?

Post: Joint Bookings on One Listing

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295
Quote from @John Carbone:
Quote from @Ryan Moyer:
Quote from @John Carbone:
Quote from @Ryan Moyer:

I do this with two cabins I have right next to each other.


 How does this work out for you? What percent of people book both in a year? 

30ish percent, though that seems to have been rising lately.

I should note that these cabins are RIGHT on top of each other.  So close they almost look like they're attached.  One is 4br, one is 2br, for 6br total.

Further out I block off the individual calendars and only make the dual booking available.  Then 4-5 months out I open up the larger 4br cabin so that listing and the 6br combo are both open.  The small 2br is relatively easy to book last minute so I only open that one 6-8 weeks in advance.  The idea is I'd prefer to book it as a combo so I don't want someone booking the small 2br 8 months out and blocking off the combo's calendar.


 I have a similar property as well, I currently live in the small one but I plan to start renting it out. When you add the two together in one listing do you charge the same as if you booked them individually?


Since they're set up as separate listings each one has its own pricelabs dynamic pricing calendar.  I don't really go in and intentionally adjust prices so one is more expensive than the other.  So on some dates the combo is more expensive than booking each individually, and on some dates it's cheaper.  It's probably something that could be optimized further to force it one way or the other but I haven't done that, and honestly am not even sure which way would make more sense.

Post: Joint Bookings on One Listing

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295
Quote from @John Carbone:
Quote from @Ryan Moyer:

I do this with two cabins I have right next to each other.


 How does this work out for you? What percent of people book both in a year? 

30ish percent, though that seems to have been rising lately.

I should note that these cabins are RIGHT on top of each other.  So close they almost look like they're attached.  One is 4br, one is 2br, for 6br total.

Further out I block off the individual calendars and only make the dual booking available.  Then 4-5 months out I open up the larger 4br cabin so that listing and the 6br combo are both open.  The small 2br is relatively easy to book last minute so I only open that one 6-8 weeks in advance.  The idea is I'd prefer to book it as a combo so I don't want someone booking the small 2br 8 months out and blocking off the combo's calendar.

Post: Joint Bookings on One Listing

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 893
  • Votes 1,295

I do this with two cabins I have right next to each other.