All Forum Posts by: Solomon Price

@Andy C.what is the main draw for tourists in the shoulder season on weekends to Truckee? List the top 3. What is the driving distance for 50% of your guests? Draw a radius give or take 30 miles inside and outside your radius.

Market to all your past weeklong guests. Announce you are having Getaway weekend specials for all your past guests . You can also run advance campaigns for special events: birthdays, anniversaries, Valentine s day.

Most important, use You Tube videos to market your property directly to vacationers. Doing it the right way will get you in the top 3 for Google search.

What kind of YouTube videos do you make for your properties? A simple walk through, or something else?

1 Vote

What county are you in? A lot of people say Orlando, but are really talking about one of the surrounding areas.

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Orlando, Florida

The best performing homes that we have experienced are definitely the large to very large homes (8-13 bedroom). For something comparable to what you are looking for, we have a 5/4 SFR that rents between 300-500 a night depending on season. However, this home is also in a large golf resort community, with excellent amenities, so I would expect the rates on a 4 bedroom home in a non-resort community to be a good chunk less.

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Another Florida PM here, looking forward to responses.

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Seconding the theme rooms for sure. Almost all of our homes in the surrounding Disney area have at least one themed bedroom, sometimes two. They almost all have at least a basic game room as well, usually in a converted garage or upstairs loft. Theater rooms are very popular as well.

Champions Gate/Reunion/Encore certainly seem to be the hot bed in Orlando/Kissimmee/Disney.

2 Votes

Quote from @Todd Goedeke:

@Solomon Price why don t you hire a marketing firm to get you direct reservations paying them 6-8% of ADR for each reservation made direct. That way you are not layering on more marketing fees ( 10-15%)on top of what all the platforms like Airbnb and Vrbo charge.

Any examples or recommendations for these kinds of companies?

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Orlando, Florida

Quote from @Tyler Gibson:

Quote from @Solomon Price:

Good morning everyone! My name is Solomon and I work for a startup PMC down here in Central Florida, primarily operating out of the Reunion/Champions Gate area. I've found myself browsing Bigger Pockets more and more for reviews and advice, so figured I might as well get involved!

I'm looking to connect with people in the industry, primarily in the realm of short-term rentals. Particularly around the best usage of the different booking channels and recommendations for getting our name out there and properties booked. We currently have one property up and running, and plan to have about 20 more over the next few months.

Where's the best place to start on Bigger Pockets? Any advice on scaling our business and the hiccups we will experience along the way is always appreciated!

Thanks!

What kind of business are you running? I am local here in Orlando and involved in STR I would be happy to help and get you connected with the local community.

We are a STR property management company, and we have some other companies in the group such as a GC company and others.

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Orlando, Florida

Quote from @Michael Baum:

So @Solomon Price, they charge 13% for what? 10% just to answer inquires and book the place? Seems like a waste of 10%.

The primary thing we are interested in is that they get us on all booking channels. AirBNB, VRBO, Expedia, Google Travel, etc. This is something we have found very difficult to do with some channels, mostly due to poor communication and delays. We are currently live on our own with TopVillas and VRBO, but everyone else has been a bit of a mess, except for Hopper.

This may be due to us wanting to integrate each booking channel with our PMS, instead of direct listing with each one.

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Orlando, Florida

All Forum Posts by: Solomon Price

Solomon Price has started 2 posts and replied 16 times.

Post: Channel Mgt for STR Hostaway vs OwnerRez

Post: Considering investing in STR properties in Kissimmee, FL or Tampa from California!

Post: Any good strategies to diversify Airbnb bookings?

Post: LEGALITIES with STR in Orlando

Post: STR in Orlando and Kissimmee area

Post: Starting a STR management company, looking for advice.

Post: Disney STR Market info

Post: Experiences with Red Awning?

Post: Hello Bigger Pockets!

Post: Experiences with Red Awning?