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All Forum Posts by: Robert Dalton

Robert Dalton has started 4 posts and replied 30 times.

Post: Texas Vacation Rental Commissions

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10

Is that on weekly rentals?

Post: Texas Vacation Rental Commissions

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10

I have a friend that is looking to purchase a rental property in Houston, Texas. What is the average commission for property management in that area?

Post: keys versus combination locks

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10
Quote from @Nathan Gesner:
Quote from @Ward Hubbell:

Does anyone have experience going keyless on your rental properties. any downside to converting my units to electronic combination locks and ditching the keys all together?


This is an excellent idea for small Landlords. You can use Schlage locks that have programmable codes and a key for backup. Maintain the master for your own use, Tenants can program a code that's easy for them to remember, then you wipe it when they move out. Keep the keys as a backup.

I use these on my vacation rental and personal home: https://www.build.com/product/...

This is a good one. We have used it elsewhere. 

Post: Landlords are now taxed on gross revenue and NOT profit!!!???

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10

Not sure where you live, but that video and that code is not for the US. 

Post: keys versus combination locks

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10

We manage about 25 properties that have keyless locks.  

The positives are you do not have to worry about lost keys and you can see times that people have went into the house if you have something like kaba.

The down side is the batteries do eventually die. Most locks give you warning flashes in advance so you can change the batteries.  We normally have a key in a lockbox nearby in case it ever does die.  We typically just replace the batteries annually and that does the trick.

Post: Is my security deposit too high?

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10

Yeah, I would say it is.  In many states 1 month is the max you can charge.  From a comment above, I see 2 months is the limit there, but that does seem like it would chase away renters unless you are in a place where the renters would be wealthy.

Post: Landlords are now taxed on gross revenue and NOT profit!!!???

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10

Yeah, you are not taxes on gross income, but on net.  What you can deduct and to what extent you can deduct certain expenses depends on SCorp, LLCS, etc.

Post: Instagram, Facebook, Craigslist Etc.?

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10
Quote from @Chris Seveney:

@Christine Mosley

Who are you trying to target?

Investors we have found LinkedIn - for leads google ads and Facebook

Yeah, google ads is always great if you are targeted and got some money. 

Post: Instagram, Facebook, Craigslist Etc.?

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10

I think it depends on your clients. Facebook has worked great for us, but we are geared more to the 40+ year old crowd. 

Post: ADR (Average Daily Rate) Drop and Last Minute Bookings

Robert Dalton
Posted
  • Property Manager
  • Waikoloa, HI
  • Posts 30
  • Votes 10

Yeah, and from what I hear Florida and the surrounding areas have had a significant increase in rentals.