All Forum Posts by: Ryan Moyer

HELOC's on investment properties are much more difficult to get, if you can find them at all. Penfed used to be the go-to for this, but they stopped offering them on investment properties. As of about 6 months ago TD Bank offered them and that's who we used. Not sure if they're still offering them or not. I will say the terms are worse on investment properties, and the whole process of working with TD Bank was just awful. But in the end we got the money so I guess that's mostly what matters.

I think there's a point of diminishing returns here, and any tub in an STR is going to be way beyond that anyway.

I saw a meme the other day that was pretty funny.  Something to the effect of "I guest hosts are just going around trying not to think about how strangers have had sex on every surface in their home".

This would just be overly confusing and create a steeper barrier to entry for new guests (having to learn what all those things mean) which is exactly the opposite of what Airbnb wants.

Superhost is just a simple binary designation to show the host is neither a complete screw-up nor someone really new that's not going to know how to get you your door code when you arrive.  It's not meant to differentiate between an established host that generally knows what they're doing and a Ritz Carlton experience.  That's what reviews are for.

 I don't get why people just go around copy/pasting ChatGPT replies and passing it off as their own thoughts.

I own and manage Disney properties and I think prices will come down more.  I don't think people are cash flowing at current prices/rates there with the huge increase in supply/competition over the last year.  And since these communities are STRICTLY short term rental communities the prices are driven entirely by returns, and as more and more people realize those returns are negative at current pricing, that pricing will continue to come down in my estimation.

But then again, I thought prices would come down in April 2020, so this advice may only be worth what you paid for it :P

 That's amazing.

Are there copy writers that do this specific to STR, and focused on your specific home/market? Any recommendations? I loathe writing email copy.

 But if the cleaning fees are in the revenue projection they got then they need to be accounted for in the expenses.  AirDNA (by far the most common way new people get their initial revenue projections) does include cleaning fees in revenue, so it is important those people are not misled away from calculating that into their expenses if they're using AirDNA data, or they could end up in real trouble from advice that didn't fully explain the context.

 That's exactly his and my point regarding points vs. cash.  Points are often much more valuable than cash back, and can often be redeemed at much higher valuations than 1c per point like you get with cash back.

The highest value redemptions are usually on international trips.  International first class flights in particular.  It does require some shopping around and some luck, but you can find redemptions like Andrew was alluding to.  It's not nearly as simple as clicking a button and getting your money, and it requires some legwork find the best transfer partners, most valuable flights, etc.  But as Andrew showed, it can be worth the extra hassle.

This was 10 or so years ago, but I remember redeeming 100k points for 2 round trip first class tickets to Europe that would have been about $17,000 to buy the tickets outright.  100k points is only worth $1,000 in cash.  So those points were redeemed at 17c per point.

 This is also completely false.

Airbnb can ban you if YOU cancel on the guest without cause too many times.  They will not ban you for declining a refund in line with your cancelation policy after the guest cancels.  They are just asking as a courtesy.  If you say no they say "no problem" and move along.