All Forum Posts by: Nathan M kiefer

I have been investing in residential RE since 2010 and have bought and sold RE within that time frame, but it's all in residential space. The most multi-unit I have done so far is 2 units. I am in talks with a reputable company that signs up proteges in commercial RE, but I am struggling a bit with their terms: the sign-up fee ranges from $10k - $40k, and a definite 50/50 profit split up to $1M mark, meaning the individual gets up to $500k, which could come from cash flow, cashout refi, sale, etc. There is no time cap on the $1M mark.

I have immersed myself in many educational materials over the years and plan to continue doing so wrt multi-family RE investing. I still manage my own properties myself today and have a decent structure in place for that. I am trying to decide what I would lose by not working with this individual with a good track record and a large YouTube following. I feel I could continue leveraging content here on BP and other reputable sources for coaching without giving up this much in profit. Am I greedy or overthinking this? Please share your thoughts. Thank you

Private STR home with private pool in fenced in back yard. Neighbor puts up a nest cam on his high back fence pointing right over into our back yard where the pool is.

I confronted him about it twice already cordially but he gave some BS excuse saying he can see down his fence line with that cam. I explained that we’re not comfortable with the camera pointing over in our yard even if it’s on the fence line. The last time he told me that it wasn’t even working but it still has power and the infrared lights light up. 

From the reading I’ve done it seems that he would lawfully be allowed to have the camera there unless it’s pointing directly at a door? Does anyone know if this is correct? I’m close to calling LE regardless to check as he’s not willing to be a decent neighbor and work with us.

We received our first complaint about it tonight from a renter which I knew would happen sooner or later. 

Not sure how much of an impact this can realistically have. ABNB needs to book a lot more than their top 1-10% of properties to stay as profitable. Those properties are likely to book up fast, and probably do already, leaving the other 90% for the rest of the guests who don't plan ahead that much. 

Seems like a passive aggressive way to get owners to up their game and differentiate, similar to the categories. Or maybe it's to help highly optimized properties justify a higher ADR and therefore higher fees? Would be interesting to know how much of their revenue is do to a small percentage of high performers. 

yes - sep/Oct are the slow months but Florida is still has a lot of tourists....but less than usual.  This is where being near the top of the  rankings makes a huge difference.  Last year we struggled a bit in the slow months then did everything we could to tweak our listing - listing description, experimented with titles etc.  .  Here is a good discussion in supply and demand and these areas that have 1000+ listings.  No one searches last page 2.

https://www.adventuresinairbnbs.com/p/help-i-stopped-getting...

As for the reviews - we write them manually and guests when they review us often attribute the property  to who they chatted with if they had a question or issue.  It's usually me or my wife there reply on weekdays then on weekends usually our son.  But it varies ....we have a first read first reply type of arrangement....

Quote from @Andrew B.:

Quote from @Alex F.:

We have a 4-bedroom home near Disney - the home is well-themed and very close to Disney.  It does very well and should end the year right between 60-70K gross rev with great occupancy.  But this IS a very competitive market....This is a good article on some of these markets with a huge supply:  https://www.adventuresinairbnbs.com/p/help-i-stopped-getting...

Here is our Disney home:

Last year, we primarily received guests from Airbnb and, this year, from Booking.com. This is our only property where we could never 'climb up' the rankings in VRBO, so we received 0 guests from VRBO. This still puzzling.....The direct bookings from repeat guests are slowly growing.

Booking.com is hard to deal with, but we seem to get good overseas guests that stay for longer.  

Great occupancy rate, congrats! We get a lot from booking.com, but there’s also a lot of strategic bookers, who will book multiple places and then cancel at last minute, it screws everything up with the other OTA’s algorithm. 

 Nice place! Something I don't understand after I looked at your listing - how are you fully booked with no vacancies in September and October? September is a super dead month, maybe even deader than May. 

Geez, guys - this thread is not about Orlando. I am not interested in Orlando at all and that is a completely different type of STR community.

Suncadia is a resort property with two hotels, 400 vacation homes, four swimming pools, four restaurants, and two golf courses. It's all under the same banner and controlled by one company.

They have the ability to negotiate with the City of Cle Elum, WA, as they are probably its biggest employer. STRs are popular in this city as they create significant amounts of jobs and revenue.

I am shocked that this model is not more popular around the country. If someone had 1,000 acres in Southern California and created something similar, I would invest in that in a second.

If you were starting a new STR or MTR, what are some things you can do to cut down on future maintenance? I'm looking for durable furniture, linens, construction materials, things like that.

I have and STR and an MTR and the maintenance things just keep piling up: LVP cracking, paint chipping/peeling/bubbling, walls constantly getting marked up, dining chair bolts coming loose, stains on every piece of cloth and furniture.