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All Forum Posts by: Scott Sherin

Scott Sherin has started 6 posts and replied 54 times.

Post: Does anyone use a management company to run their STR?

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31

Hey Alex, I agree with a lot of the opinions on here. Self-management can be a great option for many, but you need to have the appetite for it. If your confident enough in your investment's performance that you can afford a good manager, this might be a great way to outsource your operations. With that said, it is far from impossible to manage your own property even at a distance. I am a self-managed superhost and also co-host other properties, all from hundreds of miles away. A big key I've found is spending the time up front to interview, vet, and hire a rockstar team that is local. Not only assembling the team, but also creating systems and procedures that are simple to follow. Thirdly, embracing applications and smart-tech that can help you maintain visibility and control of your business. These are the onboarding steps that I take when bringing on a new client.

I've had a lot of great mentors, so I'm happy to be a resource for you if you have more questions about self management or want to chat about potentially working together. Either way, feel free to reach out. You've come to the right place!

Post: Launched our First STR!

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31

1. Airbnb Cleaning... We're currently cleaning ourselves but would love to change this. We feel our cleaning price is on par with other local Airbnb's but the cleaner quotes we're seeing are almost double what we charge. Is this common?

I'd continue to interview cleaners. It is unusual to pay a cleaner more than what you charge to guests (in fact, often times its the opposite). I pay my cleaners $150 and my guests $180, the $30 difference helps me pay for things like toiletries, coffees, firewood, etc

2. Cohosting... We manage this property ourselves but we also love camping. What do hosts do when they still want to manage their property but also like a couple days off?

I'd find somebody you trust who can be the point of contact. I also own & manage, would be more than happy to chat about being your occasional weekend coverage! 

3. CPA... This is our first house and rental income. We've usually just used TurboTax in the past but we want to learn as much as we can about what we can write off and how much to put aside for taxes.

Investing in a good CPA pays for itself. There are also a few books about real estate tax strategy, the one I bought pertains specifically to Airbnb.

4. Maintenance Tech... We usually take care of most of the repairs but we'd like to have someone on call in case we're not around to fix something.

Speak with a few local handymen! I like finding these people through area-specific Facebook groups. Since I am remote to my property, all requests are delegated to one of my team members who can head to the property to handle it.

Hope this helps! Best of luck :) 

Post: Looking for cohost in Pocono Mountains, PA

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31

Hey @Oliver Hudesman, I'm about an hour from the Poconos and would be happy to give you a hand. I self manage my own property currently from across the country and so far have a 4.93 rating in 14 reviews. If you're interested in potentially working together, just shoot me a message. I can handle everything from optimizing your listing, guest communication, coordinating cleans and maintenance, etc. If you'd like to consider self-management, happy to give you some pointers that have helped me be successful. Reach out any time.

Post: Using PMI as a Property Manager for STR

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31

Hey Steve, have you considered self-managing? I live a few hundred miles away from my STR and have been successful in self managing through using a management software, dynamic pricing tool, and building a strong team/systems. I'm happy to give you a few pointers, or would gladly remotely manage your property for you. Reach out whenever you'd like to chat

Post: Have any of you used Vacasa for short-term rentals?

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31

Hey Erika, you're likely better suited to find a cohost who has the time to treat your property like a priority. How has your search come so far?

Post: Co hosting for short term rentals start up inquiry

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31
Quote from @Andrew Street:

Hello Josh,

I just messaged you about creating scalable systems!

Looking forward to connecting!

Best,

Andrew


 Hey Josh, I am just recently getting into co-hosting as well and would love to learn from you! Thanks

Post: Short term rental management

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31

Hey Chad. I remotely manage my Airbnb from another state. I use a dynamic pricing tool, management software, and developed a strong team. Reach out if you have any questions, happy to offer my insight

Post: Front Royal and/or Luray - ISO investment realtor

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31

@Chava Hobbs we have similar criteria! Would love to chat further and be a resource for eachother

Post: Front Royal and/or Luray - ISO investment realtor

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31

@Matt Silverstone I am looking in this area as well! Let’s connect

Post: Vacation Rental Shenandoah Region

Scott SherinPosted
  • Investor
  • Greater NY Area.
  • Posts 56
  • Votes 31

@Corey Gilroy let’s connect! I’m also looking into this area. I messaged you