All Forum Posts by: Nathan M kiefer

Thank you @everyone for your input and advice. A special thank you to those who reached out privately to offer their assistance, extensive knowledge, and personal experiences.

After thinking long and hard about all the advice, pouring over all the data we could collect, and considering we have at least 18+ years of Disney and Universal trips ahead of us with our kids, we decided to move forward with purchasing a vacation home in the area. If everything goes to plan, we will have our vacation home and first STR up and running by the end of May. I'll post the results once we've got everything setup to see what y'all think.

Stay tuned,

Aaron

Hello,

I am checking to see if anyone on here has gone through a similar project.

We are closing an a 40,000sqft 3 story industrial building in a couple days. It is located in a Medium sized tourist town in Missouri. The purchase price is very low, because it is currently an emty industrial building zoned single family, so it cannot be used as designed. We have spoken to the city and they are wanting the building to be comverted to multifamily because of lack of affordable homes. (Most homes have been turned into str) The zoning should be changed by the end of the month.

Our plans is to build 34 2/1s, 5 2/2s and 5 1/1 loft style apartments. We are still getting bids on pricing. The building is big and open, and has plenty of parking.

There will pretty much be a hallway going down each floor with apartments on each side. Large windows will need to be added on each unit as well.

We are looking to connect with someone who has experience here with large conversions.

Interesting concept. I agree that this will be for exotic-type properties.

One of my property managers does not post a PDF copy of the lease with the tenant on my owner portal.  When I get a new tenant and ask for a copy of the lease they resist.  As the owner, isn't it my right to receive a copy of the lease between the property manager and the tenant?

The 1% release will put a trophy icon listings that are in Airbnb's top listings globally.

If there are and estimated 7 million listings, then there will only be 70,000 listings getting this designation.  If you get it, then I bet you will get great traffic to your listing and be able to command a higher ADR and occupancy.

It is probably happening already today in Airbnb's algorithm, but hosts and guests don't explicitly see it.  If I were to guess, it will go to every listing on the homepage for each of the categories.  There are currently 60 categories.  Each page has 20 listings.  That would be 1,200 listings right off the top.  Airbnb has room for 3,500 full pages of 1% listings.

Overall, I think it is likely a good thing.  It will help us assess where the "bar" is in terms of competition and what consumers are looking for on the platform.

The 1% release will put a trophy icon listings that are in Airbnb's top listings globally.

If there are and estimated 7 million listings, then there will only be 70,000 listings getting this designation.  If you get it, then I bet you will get great traffic to your listing and be able to command a higher ADR and occupancy.

It is probably happening already today in Airbnb's algorithm, but hosts and guests don't explicitly see it.  If I were to guess, it will go to every listing on the homepage for each of the categories.  There are currently 60 categories.  Each page has 20 listings.  That would be 1,200 listings right off the top.  Airbnb has room for 3,500 full pages of 1% listings.

Overall, I think it is likely a good thing.  It will help us assess where the "bar" is in terms of competition and what consumers are looking for on the platform.

Hello everyone,

I recently read a post and wanted to share my experience with The “Flip System”, as I believe transparency is crucial when considering investments like this.

I come from a blue-collar background as a first responder in Los Angeles, and I was drawn to Flip System due to the promise of having deals vetted and presented to me, as well as receiving education on how to fix and flip, implement the BRRRR strategy, and sell turnkey properties. This approach seemed ideal given my demanding schedule. I paid a substantial $15,000 initiation fee to join this community and was assigned to invest in a Midwest City.

Initially, I was optimistic as I was provided with a General Contractor and Real Estate Agent for my team. However, things quickly took a turn for the worse. The real estate agent I was assigned passed me off to someone else without explanation, and the general contractor stopped communicating with me once I had my first deal under contract. I had to rely on my new real estate agent to find another contractor, adding unnecessary stress to the process.

The deal I was presented with had an ARV of $120,000, but after the rehab, the appraisal came in at only $92,000, leaving me short by $28,000. Furthermore, I later discovered that the property was located in a C- neighborhood, which was not disclosed upfront. Currently, I'm struggling with an eviction on this property and have not made any profit. To add insult to injury, I was charged an additional $1,000 for Flip System providing me this problematic deal.

My disappointment continued with the lack of educational value provided by Flip System. Despite paying a substantial fee, I found that beyond basic instructional videos and repetitive weekly calls, there was little substance to aid my learning. Learning by doing and teaching is my philosophy, and unfortunately, this system did not facilitate that process.

I truly wanted this endeavor to succeed and even expressed my gratitude by sending Fire Station shirts to the Flip System crew. However, my experience has been disappointing, and I deeply regret investing $15,000 that I could now desperately use.

Based on my firsthand experience, I would caution against expecting Flip System to deliver on its promises of support, education, and profitable deals. If you have any further questions or would like more details about my experience, please feel free to reach out.

Thank you for reading, and I hope my story helps others make informed decisions.

Best regards,

Matt

@Nathan M kiefer

Thank you for the info. And sorry Sushree for intruding your thread.

There are some smaller properties in ocean lakes campground that are priced in the lower 300s or under.

Do they make a good str? @Nathan M kiefer

I see on airdna- $51K revenue, 56% occupancy and $251 adr

Are you an agent as well?

I live in North Carolina and I’m interested in the Myrtle beach market. Happy to chat offline.