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All Forum Posts by: Ryan Moyer

Ryan Moyer has started 11 posts and replied 862 times.

Post: 🔥Hot Take🔥: Airbnb needs to add levels to its "Super host" stat

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281

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.

Post: Do you always use a Real Estate agent for purchases?

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281
Quote from @Wale Lawal:

@April C.

Buying and selling a properties can seem like a daunting task! BUT good news, you don’t have to go in it alone. Below are just a few of the many benefits of hiring a trusted Real Estate Agent. After all, a good real estate agent is worth their weight in gold!

FINDING THE RIGHT LENDER

Real Estate Agents assist in determining what a Buyer can afford as well as available financing options.


FINDING ‘THE ONE’

With hundreds of homes on the market at any given time, Real Estate Agents assist in finding the home which best meets a Buyer‘s needs, from size and style to features and location as well as accessibility to desired amenities.

EXPERT PROPERTY ADVICE

Real Estate Agents can provide information to better inform a Buyer regarding which property to buy, from real estate values to taxes, municipal services to utility costs.

KEEPING THINGS IN PERSPECTIVE

Real Estate Agents can be objective about a property and point out disadvantages, as they have no emotional ties.

DETERMINING FAIR MARKET VALUE

Real Estate Agents will determine “fair” market value establishing a fair sales price.

STAGING AND FIRST IMPRESSION MASTERS

Real Estate Agents can offer suggestions for staging a home to show off its best qualities.

MARKETING MARVELS

Real Estate Agents also act as marketers to make a property more visible to Buyers. Frequently, this includes displaying a property on a Multiple Listing Service, holding open houses for other agents, deciding if/how to advertise, creating listings online, and displaying flyers.

NEGOTIATING BULLDOGS

Real Estate Agents are negotiators and can expertly navigate the terms of offers and contracts, protecting your interests along the way.

All the best!


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

Post: Should I buy now or wait?

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281

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

Post: Using the New AI Bot To Improve my Short Term Rental Listing

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281
Quote from @Fredy Sandoval:


listing written in the style of Shakespeare:

"In fair Verona, where we lay our scene, There stands a palace fair and bright, A spacious dwelling for travelers keen, To rest their heads and sleep through the night.

Our luxurious bed doth beckon thee, With soft, plump pillows and silken sheets, To dream of fairies, mermaids, and the sea, Or simply slumber with no cares or feats.

But lo, our palace is not just for sleep, For in its walls there are many delights, A kitchen stocked with all that thou mayst keep, And a common room to while away the nights.

So come, dear traveler, and stay with us, In this fair palace where joy doth reign, And thou shalt leave with memories aplenty, Of thy time spent in fair Verona's domain."


 That's amazing.

Post: Direct Booking Websites

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281
Quote from @Austin Keller:
Quote from @Ryan O'Connor:

Howdy BP!  We are looking to diversify a bit and not solely rely on the major OTA's for bookings(Airbnb, vrbo, etc).  We currently utilize Hostaway PMS and have built a direct booking site through that platform, but haven't used it up to this point.  Looking for recommendations on best practices for driving traffic to site to book and just general advice.  Any help is greatly appreciated!

Ryan


 I would find a copy writer to fulfill all marketing emails or messages you may have. They’d do it by creating you an email sequence that gets sent out weekly to increase your direct booking rate


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

Post: Number Crunching/Underwriting with Cleaning Fees

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281
Quote from @John Underwood:

The cleaning fees are a pass through and shouldn't be in your estimates.

 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.

Post: Best Credit Card for STR's?

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281
Quote from @Nathan Gesner:
Quote from @Andrew Steffens:

Do you have an extra zero in there? 430,000 points is normally worth $4,300.

 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.

Post: Airbnb asking me to issue refund

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281
Quote from @Eliott Elias:

Be careful with this, airbnb can ban you if they see enough of this activity. You want to pick and choose your battles. 

 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.

Post: Airbnb asking me to issue refund

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281
Quote from @Olivia Grabka:

@Kyler J Sloan

1. Provide Air BNB with documentation for your regs

2. I would not issue a refund

Air BNB will attempt to coerce you and may even de platform you, but it is inconceivable to reward bad behavior from your guests.

 This is not true or necessary.  If it's within your cancelation policy, you don't have to provide any documentation.  Airbnb is just asking as a courtesy to the guest.  You can say no without any repercussions.  The sentence about them de platforming you for it is completely false.

Post: BNBformula vs Hostcamp

Ryan Moyer
Posted
  • Property Manager
  • Orlando Kissimmee, Davenport
  • Posts 877
  • Votes 1,281

Two brand new accounts that don't even have a profile picture reviving a zombie thread to shill an expensive course with grandiose, positive only comments, while even using some of the same language, is extremely suspicious, fwiw.  And within a few minutes of each other to boot.