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All Forum Posts by: Ryan Moyer

Ryan Moyer has started 11 posts and replied 877 times.

Post: Rehab vs turn-key rental property

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289

Turn key is getting harder and harder to get a good return on in STR these days. Not that it can't be done, but it's not like it was a year or two ago where that was super easy.

Post: Where to Buy a Vacation/STR House in the Greater Phoenix Area

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289

Just be careful.  Phoenix is nationally famous right now for being oversaturated in STRs.

Post: How to chose location and buy correctly in STR market

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289
Quote from @Alec Khlebopros:

@luke carl, now I need to get a wife, sounds complicated


 Sounds like you're stuck with Coffeyville, then.

Post: STR/Vacation rental NW Flordia

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289

I think you've hit it on the head here.  Used to be a good cash flow market, but the secret is out and not so much anymore.  Realtors in the area aren't going to let anyone list at less than 10x projected gross revenue, and it's not a low expense area where you're going to cash flow much with those figures.

And that's not even to mention they're listing at 10x 2021/2022 gross revenue which may not even be sustainable.

Most people in the area either have pre-covid debt service or are buying for other reasons (appreciation, tax benefits, owner usage, etc).

Post: Any issues with tiny homes?

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289

Lots of people do well with them.  None of us here in this forum have tried them so we can't really offer advice or any pitfalls in the process because none of us have gone through it.  Doesn't mean it's a bad idea though, there are a lot of people it works GREAT for!

Post: STRs are not doing well in Phoenix - people got greedy..

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289

It's simple, really.  Spring training and the Phoenix open are nice but people aren't going to pay Super Bowl prices for that.  So if people are priced for the Super Bowl they're not going to catch those backup options. 

For the Super Bowl, attendance will be around 70,000.  Probably more than half of those will stay in hotels.  The 25,000 or so staying in STRs will be mostly large groups, so if you figure 8 people per booking that's around 3000 bookings.  There are 15,000 properties listed on Airbnb alone in Maricopa county.

Post: Where would you buy two STRs to have comfortable weather year round?

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289
Quote from @Brooklyn McCarty:

The Smokies in Tennessee is a great option


350k purchase price is going to be tough in the TN smokies.

Post: "No bookings for February"

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289

Let's not just blame it all on the newbies.  There were plenty of people with a microphone (even well seasoned experts here on this forum) that got caught up in the excitement of 2021 and were telling newbies that it was the new norm.

ETA: And a lot of realtors these past few years were just as bad as the lenders in 2008.

Post: AirBNB Bans Parents of Woman Fighting Child Trafficking - You're Next, For No Reason

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289
Quote from @Ryan Moyer:
Quote from @Account Closed:
Quote from @Ryan Moyer:

"They're algorithm for trying to keep bad guests off the platform is a little too aggressive" is pretty far down the list. 


 Their*

Post: AirBNB Bans Parents of Woman Fighting Child Trafficking - You're Next, For No Reason

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 892
  • Votes 1,289
Quote from @Account Closed:
Quote from @Ryan Moyer:

I honestly haven't followed this story at all, but 99% of the time these stories come up it's because someone acted like a troll and violated the ToS and is trying to drum up outrage by pretending they were banned because of their beliefs instead of their misbehavior.  And in the keenest form of irony, it's almost always someone that lectures about other people being whiney and not taking responsibility for their actions.

Thousands of people get banned from these platforms every day for violating the terms.  It's just when someone who is outspoken and likes to play the victim decides to throw a hissy fit when it happens to them that it makes headlines.

It's like an 8 year old that punches their little sister for no reason and then cries "you're not fair" when they get their ice cream taken away in response.

Like I said, I haven't followed this particular instance so maybe it's not the case here, but these perpetual babies have lost the benefit of the doubt.

It's her mother that has been banned, not because of any actions her mother  has taken. She's been banned because of who she is related to. That is called authoritarianism.

She's Not someone throwing a hissy fit.

 Yeah I just read a few articles on it to catch up.  It looks like Airbnb has an algorithm or policy that attempts to prevent banned people from accessing airbnb hosted homes through other people's accounts.  IE if they ban someone from staying in Airbnb properties, they don't want them staying there at all even if someone else books the stay.  I agree it's probably kind of silly but I'd assume the idea is if someone causes damage to a home or something they don't want them in another airbnb property to repeat it even if someone else makes the booking.  Ironic that an algorithm designed to protect hosts by punishing guests is causing outrage when host's #1 complaint is that airbnb too often favors guests at the expense of hosts.  

I realize that in this case there wasn't damage involved but I doubt the algorithm or policy is sophisticated enough to differentiate in the reason for banning.  It's just a matter of trying to keep banned people out of airbnb hosted homes.

Yeah it sucks and sometimes people get screwed by it.  That's just called life and this is true of every company.  It's only a story here because it's someone that likes to create controversy had an opportunity to do something against a company they perceive to differ politically.

I mean, I'm banned from Wells Fargo because I turned on my VPN between Wells Fargo log ins and Wells' algorithm thought I was trying to access my account simultaneously from multiple countries.  I'm sure this algorithm has banned hundreds of others from banking with them but no one knows about it because they're just regular people.  If I were a famous controversial figure I'm sure I could say that Wells banned me because I'm from Florida or because my hair is brown or whatever reason I dreamed up and a million chumps would plaster cries of boycott across the internet.

There are a lot of reasons to be wary about relying on airbnb (or any company) for too much of your business. "They're algorithm for trying to keep bad guests off the platform is a little too aggressive" is pretty far down the list.