All Forum Posts by: Nancy Bachety

@Jonathan Safa I've used airbnb exclusively with my beach location in the warmer months and I agree with you. But then again, I've never tried any of the others. I am thinking of using only airbnb for my new FL sfh in an in-demand location (closing in a month). I was quoted a 21% rate from a vacation property mgr in the area who promotes across the board (and charges me the set-up costs for that too). What's different is that it's about 1000 miles from my primary. I'm very comfortable with booking and advertising on my own but not so with the cleanings in between. I'm trying to decide that now and seeking feedback from people like you. 

Basically, I'm wondering what's going to be different by offering it up in several sites when airbnb does seemingly well.

@John D.It looks like there is a pool from one of the zillow pictures and is the ARV $360,000 or so. It's remarkable that it would gross that much. Does the contract have a closing date?

@Mike R. Terrific answer Mike which makes me ask this: do you see a shortage of vacation mgmt companies? I do.  To be sure I'm understanding you, you own the vaca mgmt co?

@Mike R. @Brian T. Grooms @Michael McKay @Bill Higgins @John D.

I'm following up with this discussion to see if any of you have a firm position on which system(s) works for you.  I'm also wondering if you deem the money spent on vacation property mgmts companies to be money well spent. Do any of you use just one company, like just airbnb?

Thanks for any updated information. I'm interested because I am expanding my vacation rental properties in an area away from my primary.

@Alan Harry

In the end, it comes down to where you'd like to go. @Richard Ibeh wrote, a nice place with great reviews will rent in the 'off-season' as long as its priced correctly.

IMO, the west coast is beautiful, esp Naples but in August, you're avoiding the outside like New Yorker's avoid the outside in Jan/Feb. Not so in Delray Beach where the ocean breezes are effective. Again, this is IMO and you might feel differently. 

That said, look at HomeAway, VRBO and airbnb. They will offer you insight on what rents are going for, how the number of BR's and BA's and guests allowed effect rent. 

And, ask Richard since he answered and he is one of the few vacation rental manager's here. 

@Richard Ibeh, do you know of a vacation rental manager in the St. Augustine area? We are in contract for a SFH vacation home with no HOA's in St. John's County. Would you agree that vacation manager's and house cleaning companies have little competition?

@Maxwell Lee What's up with some of these brokers? We walked away from our Jax quad today where the seller's broker was a challenge working with too. 

@Darren S. @Maxwell Lee

Is there any hope with that 20 unit mf in San Marco for a possible partnership and a lower selling price, knowing it needs $400k in repairs?

TO follow-up, I did come across one for record keeping of expenses that's on a spreadsheet and I assembled my own for documenting time spent as a RE Professional. Being an employee working 1100 hours a year, I will be recording at least 1150 hours materially participating in acquiring, renting and managing/operating our rental properties. If anyone would like to see what I have, just reach out.

I can fairly easily make a business out of RE education, building websites for myself or for other RE professionals too. Right now, though, we are working on acquiring, analyzing, offering and sealing the deals. That is more than a FT job right now, for sure. I am actively looking for an acct who supports our RE Pro status. And keeping audit-proof documentation.

Thanks for responding. @Kimberly Gopp Are you investing in the Jax area too? @Jeffrey Wardlow I will be vetting pm's so let's connect. Thanks for reaching out. @Maxwell Lee I'm not familiar with neighborhoods in the Urban Core yet- are your holding there class A's or B's sfh or multis?

Hi,

We are preparing our offering price in this neighborhood (north of Jax Heights) on a block with  a bunch of quads. The seller wants to unload it after a year, he reno'd one unit and the other 3 are uninhabitable bc he started them. Says there is a tenant coming into the completed unit for $600. Area rents could conservatively get $525 - $600, depending. All in about $140K.  (Awaiting another rehab est today). In a C neighborhood.

Anyone care to comment on the location?