Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ken Boone

Ken Boone has started 8 posts and replied 958 times.

Post: Hot Tub Management - Complete drain and refills after guests

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 970
  • Votes 1,150
Quote from @Tom Dieringer:
Quote from @John Underwood:

We have a large property and are also on a well.

Our hot tub is regularly drained and refilled between guests.

John I've been wondering about this so I'm glad you chimed in. Even if your cleaners or whoever handles your tub for you immediately drains it upon arrival for an 11:00 a.m. checkout and our filling it by 11:30, does your tub get up to temp by 4:30pm check in? Particularly in winter

 Yes it takes about 4 hours to reach temp as long as you have a 240 volt connection to the hot tub.  If you have a 110 volt connection you should consider replacing.

Post: Hot Tub Management - Complete drain and refills after guests

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 970
  • Votes 1,150
Quote from @Nathan Gesner:
Quote from @James Wesley:

No, it doesn't need to be drained every time. Hotels and fitness centers handle hundreds and hundreds of users between cleanings.

1. Educate your guests. They should rinse off themselves and their swimsuits in the shower before getting into the hot tub. This removes any leftover soap, oils, hairs, etc.

2. Learn how to clean the hot tub. If the chemical balance is maintained, it will stay clean.

If guests stay for less than five days, your tub should survive long enough for you to balance the chemicals again. If they stay more than five days, I recommend treating it somewhere during their stay.

There are a lot of guides on youtube or Google specific to short-term rentals.

I appreciate @Nathan Gesner opinion and there are a lot of people that do share his opinion. I however, complete disagree for an STR, especially if you are in a market with lots of guests and same day turnovers.

If this was your personal hot tub I would agree, you can keep the chemicals balanced and only drain it and clean/refill every so many months. An STR hot tub is a completely different beast. 

1) Hotels and fitness centers have staff that are checking chemicals twice a day to ensure the appropriate balance is being addressed, STRs do not have that luxury.

2) You can educate your guests all you want.  In every set of instructions about the hot tub, i.e. info sent out to guest, info on sign by the hot tub, info in cabin manual, info on the hot tub cover itself, we explain all the those things that they should be doing.  Reality - guests don't care - They are going to come in from hiking all day, all sweaty and dirty and jump in the hot tub. Ladies who have body lotion and other stuff on will jump right in the hot tub without rinsing it off.  Guests do not care and 90% are just going to jump in the hot tub.  That is the reality. All those things can eat up the chemicals very quickly and lead to an unsanitary condition.

3) Absolutely ZERO guests wants to hear that you did not drain clean and refill the hot tub after the prior guest. I want to jump in that hot tub with my kids after 8 other strangers have been in that same water doing who knows what - said no one EVER.

4) Depending on the market you are in, it may be required to drain, clean and refill after every guest.

I have 4 hot tubs and two of them are on wells.  My cleaners handle it for me which is standard in my market and the markup to drain, fill and clean is only around $25 on top of the cleaning fee if I am not mistaken.  At $150 each time I understand why you are thinking that way though.

Again this is my opinion, but I have seen what guests can do to hot tubs in only 48 hours.

Post: Home Warranties for STR

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 970
  • Votes 1,150

Don't do it. Not worth it. It always takes time. If you have a guest and the fridge goes out, the stove goes out, the AC goes out - whatever it is, has to be done ASAP. The warranties always take a lot of time, and you will either end up filing a warranty to find that it is going to take too long and then purchasing something else the same day, or you will end up giving refunds back to guests while you wait on the warranty to be handled.

I learned this the hard way when I first got in to rentals. Relying on a home warranty = bad customer service to your guests.  No way around it.

Post: STR Buy/Sell Trends 2025

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 970
  • Votes 1,150
Quote from @Mitch Davidson:

@Erica Calella. Many of us here in WNC thought we were going to see a mass selloff in the Summer or Fall of 2023. because the first 2 quarters were surprisingly brutal regarding STR revenue and bookings. It didn't happen though, and I don't think it's because potential sellers reckoned they wouldn't have a buyer due to mortgage rates. After all, inventory was super thin and many of our markets are highly desirable for owner occupancy (i.e., not just STR). Also a healthy chunk of our sales are cash. If you can buy now, I would. You'll likely pay more later, due to the fact that a load of buyers may soon jump into the game when rates fall enough, as well as the fact that homes in our region appreciate at a pretty strong pace.

Can't really say for sure in WNC, but on the other side of the Smokies, the mass sell off didn't happen ...yet, because these folks paid too much for the STRs and are still thinking they can get out without losing money.  Just about all of the properties for sale now that were bought in 22-23 are still priced higher than what the market will bear.  Most of these buyers will have to sell at a substantial loss to get out and have so far been unwilling to do that.  They are holding out for unrealistic prices.  A lot of people will not sell until it hurts too much. I know a few that are in this situation.

WNC may be different as you said that a lot of the properties work well as STR and owner occupied homes and as rates come down you will have a bigger pool of buyers being investors and owners. That is not going to be the case for most of properties on the other side where I am at, where most STRs will not work as owner occupied.

Post: STR Buy/Sell Trends 2025

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 970
  • Votes 1,150
Quote from @Erica Calella:

For investors utilizing the STR strategy, what is your "gut feeling" for what the upcoming investment landscape will look like in 2025?

I recently spoke with an investor who believes STR sales in WNC are going to hit the market like crazy in spring of 2025. In her opinion, many investors are desperate to get out of their saturated markets but are waiting for interest rates to come down since many of them had purchased back in 2021-2022 at lower rates and higher prices. This makes sense, but what do we think will happen to these properties once sold? Will they likely be recycled into a new STR under new ownership? What are the other possibilities?

I'm thinking that this would also be a good time for me to add another property to my STR portfolio because I think prices will be more competitive once the transaction volume increases. My hesitation stems from the fact that I am unable to wrap my head around how this will affect the overall STR supply in vacation markets.


So I'm on the other side of the Smokies. As far as saturation goes when the boom was hitting we started seeing regular homes and even mobile homes get converted to "cabin/chalet" rentals. In other words homes that are really not STR level homes were turned into STRs.

I believe those homes will revert back to just being SFH. As far as all the other STR that will be sold because people bought wrong and our upside down, I think they will stay STRs so saturation level is not going to change much IMO.

I do believe that we will start seeing better prices as people start to try to get out from their monster debt with properties that are not doing what they thought they would do. 

I do however think the market will stay very competitive.  

Post: VRBOs new Terms of Service

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 970
  • Votes 1,150
Quote from @Jon Martin:

So your place pops up at the top of the search if you pay a subscription? Kinda like a slotting fee in a grocery store?


 No, the subscription fee is like $699/year.  But instead of paying VRBO I think 8% for each booking, you only pay 3% per booking.  So someone who only books casually on VRBO might be better off not doing the subscription, but if you book a lot it will pay for itself real quick.

Post: Advice on Mountain Home STR Necessities

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 970
  • Votes 1,150

One of my cabin's is up on a knob off a mountain in the Smokies so different environment than you but the issues are probably the same and they all revolve around winter, albeit I am guessing yours will be much worse than ours.

Mild scenario is where guest are at the cabin and a snow/ice storm hits while they are at the cabin.  In this case, the guests can't get down the mountain and nobody is coming up.  So for this scenario there are 2 things we do.  Alert the guests when we know there is a possibility of a storm and recommend they bring enough food and drink to sustain them for a few days.  The second thing we do is leaved some canned good in the cabinets just in case.

The worse case is the same as the first but they lost power.  This means, no electricity and no water as the well can't pump - which also translates to you get one more flush on each toilet and then you are done.  Also means no regular heat source.

We always leave the cabin with a good wood supply in the winter, fire starters, lighters and such to ensure they will have a heat source.  Again, it's back to alerting guests of the possibilities.  They can use water from the hot tub or fill up a bathtub to have water for flushing toilets.  But again its about recommending to them to pack a sufficient food and drink supply if a storm is possible.

We also to try have ice melt and snow shovels on hand, extra blankets and stuff like that.

To mitigate some of this think about a full time back up generator to keep the power.  

Post: How many use “Instant Book” on VRBO or Airbnb?

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 970
  • Votes 1,150

I have instant book turned on.  Been doing it this way for 6 years.  I was recently in Nashville and decided to stay the night and needed to rent a place for the night.  I booked a place that did not have instant book turned on - it was a new host.  Once I booked and realized that, then I was stuck - waiting... to see if I would get a response in time for me to check in.  Fortunately it worked out but it took about an hour to hear back.

I realized then I want to know when I book something that I got the booking at that moment.  I probably won't book any place that does not have instant booking turned on in the future.

If I am not mistaken, instant book is a search criteria on one of the platforms, and if you are not doing that, then your pool of potential customers is smaller by some degree.  I don't know how significant that difference is though.

Post: Never buy a property in Gatlinburg Falls Resort

Ken BoonePosted
  • Investor
  • Greenville, SC
  • Posts 970
  • Votes 1,150
Quote from @Michael Baum:

Over a week is crazy for an outage unless we are talking hurricane, tornado or fire.

I am betting it is internal to the site. Bad IT service folks not getting it done.

Unless it’s ATT because they are the absolute worst.  They left me down for 12 days straight one time.  

#1.  When a guest grossly breaks your house rules from the beginning.  Evict immediately with no refund.  Just make sure the OTA backs you up. A guest that will grossly break your rules will not respect your property. 

#2. When you get that bad guests that starts complaining and wanting partial refunds if a refund is in order do not pay out the refund until after their stay and after your cleaner lets you know all is well.  Do not give in to any guests that will threaten you with a bad review.   If you give in to their demands they will still give you a bad review. Be fair and nothing more.  

#3. Sometimes things happen and partial refunds are in order.  Treat your guests fairly  when there are issues.  Treat them how you want to be treated.  It’s not all about the money - it’s also about building a reputable business.