All Forum Posts by: Scott K.

 I'd install a gate at the bottom or a camera. But I've also never heard of this being an issue. All rental sites show the location. It's not apparent to me what the concern is, thus my assumption. If you really are worried just fake the address. No website checks your address. Then when they're vetted just tell them "oh yeah it's actually 4 houses over" 

Sounds like he's skirting local regulations. Take a hike. 

What is everyone's strategy on price labs?

For example I like to set min occupancy to 3 days 45 days out then lower it to a 75 percent discount at 7 days out with only 2 days min. I raise my price 20 percent depending on season. My area is very weekend heavy so my weekends are 40 percent higher than weekdays. 

Wanted to also echo that the arcade guys is a garbage project. Countless problems. From software issues that the manufacturers refuse to help you understand, to hardware issues like the joysticks easily pop into the machine when kids bang on em. They also chose to use roku tvs without a physical on button. just terrible, terrible build quality. bought 4 and 2 are already damaged after a year. From now on I only buy arcade1up, it just works perfectly without any issues.

Bad deal. There are so many things you haven't mentioned at all it seems like you really haven't done any research if I'm being honest. You won't break even each month. 

This is a nightmare scenario. Tell them to get lost or to rent it for the entirety of the week. You will go insane trying to scrape a few extra dollars off the floor with all the headache this will create. Your airbnb account will get horrible reviews and probably banned. 

Just my 2 cents from years of experience with both LTRs and STRs... But if you're naive enough to do it, please report back I want to hear the stories. 

Awful. I would never do it. 9 percent even on an LTR is low. You could get that doing a mutual fund and never touch it for years. Real estate rarely makes any sense doing full cash investment. Even less when it's an STR because 1. You have to work for that return 2. You're probably not going to get 9 percent because you're new, and you aren't thinking of all the expenses.

If you based your revenue off of pandemic numbers, that's a bad assumption. Revenue skyrocketed and now it's falling again. It'll probably normalize out next year, but also keep in mind that competition in airbnbs is super high this year. Everyone saw pandemic numbers and thought gee I should buy an Airbnb!

As an aside, New listings generally perform just fine. Reviews are not that important at the start. I get booked within hours of a new listing. If you get bad reviews then you're screwed. But people view a new listing the same as a listing with positive reviews. YMMV

Protip y'all, get a doorbell camera. No excuse nowadays to not have one. Record their faces, how many come in and out, only $100,and it's high quality. Wires into your doorbell so you don't run out of batteries ever. 

Due diligence for purchasing a STR and transferring should have been 1. whats the contact info of the owner 2. what is all the info of every reservation and 3. contacting everyone involved to make sure the transition is smooth and doesnt waste money.

Kind of crazy that yall didnt do these simple things. I just sold one of my airbnbs and made sure the previous owner was in contact with me the entire time, and I helped them get as many bookings as possible.
Yes, airbnb dropped the ball, but oh my so did yall...