All Forum Posts by: Nancy Bachety

@Brandon Hall is giving a webinar on your question this week, I believe. It’s probably worth your time.

@Richard White  It’s called Vacation Soup. Vacation Soup. I noticed another bp memmber uses myvr as her website host. I’m sure there are others.

Vacation Soup is more than that because it seems Alan wants to build a community of hosts, designed for guests.  They will read about reasons to visit a geographic area, based on what you’ve written in your vacation Soup hosted website, and then they’ll find the link to your website. 

He makes money from the owners monthly subscriptions which he feels would be negated because you won’t be paying fees to the listing sites. Heather Bayer interviewed him on her podcast.

I’ve done a poor job of explains it but the link above goes to his launch website where you can read the details.

@Kevin Lefeuvre

A debt of gratitude for reporting your findings, first and foremost. Especially between Cbiz and Proper. With the costs you quoted, do you recall what the deductibles are? 

@Josh Coffy

Where are your str in gaitlinsburg and are they sfh or condo’s? I’m looking to go somewhere north of FL and not on the coast. I like greenville, sc and the lakes around there and I like pigeon forge and tn in general too.

no, I misread. Are you comparable to Evolve at 10%? I like the business model.

Just to share my solution: we like to shop local and build relationships so we used C&C stone works for the granite. They were a bit higher than Lowe’s but Wesley offered more in terms of flexibility and reliability. Flooring was way better with the Carpet Shop in Williamston, NC. They were recommended by my house inspector/contractor, who was recommended to me from a BP friend.

@Valerie Rogers

What platforms do you use for your bookkeeping services? It sounds like a viable solution for some STR owners.

@Eric A.

Nice. Yes, didn’t you come to the first meeting? We’ve met about half a dozen times, mostly when I’m in town. It’s a great group of knowledgeable hosts. Our meetups are random but we stay in touch. Reach out if you want to join our list. 

What are you doing at Bnbguy.com? Sounds like something I’d like to hear about.

$3000- $4000/ month. It seems her occupancy is light at this time, maybe 25% at those prices. Guests pay $90/ cleaning fee. 

 They used to be LTR but she’s changed them over. Tends to be corporate, business, traveling nurses. You’re right, people like us are hard to find, apparently. I would probably estimate her monthly income at 25% occupancy  to be $$3500 -$4000 based on what I know so far. I’m meeting her next week and want to give her my proposal.

From owners perspective, I’m checking on cleaners at each turnover, let’s say 8 times a month. I’m arranging as needed maintenance, calling my contacts, taking that worry and responsibility away from her.

I am not handling calendar or talking to guests. From my perspective, I’m onsite after cleanings and making myself available, using my contacts.

Let’s say 10% is $400 and it’ll include turnover visits plus $40/hourly as needed beyond that for maintenance or whatever calls. I can view this from both sides but it’s too personal to see clearly so I appreciate your feedback.

Hey @Ben Leybovich, last time We were in Chandler, there was a law prohibiting public dancing! Have times changed? Great podcasts on Cash Flow Guys and Kathy Vetke. Good luck to you too. 

@Eric A. Our house is in Davis Shores and our builder is from Ponte Vedra. Awesome part of the country!

My husband and I have been successfully running an Airbnb in our primary in NY for almost two years now ( what @Ben Leybovich now enjoys and promotes in his book). We confidently purchased another luxury home in FL for a few investment reasons, including STR using mostly Airbnb and self-manage that from out of state. All is well with both styles.

My question is this: I am going to be the local go-to person for a host who has 4 units nearby us in NY but who lives out of state. They are mostly for longer stays ( 5 day minimums - up to a few months). She will continue to operate her calendar and bookings. I will manage her Cleaner’s and be available to arrange maintenance, as needed. 

What do you think is a fair arrangement? I was thinking - $100 flat monthly fee for being “on call” plus hourly for house checks and visits of $30. Can anyone offer feedback or your experience with this?