All Forum Posts by: Alanna Schroeder

In addition to the regulations, I would do some research to determine what the current market nightly rate is for your area. Throw together a quick P&L to see if the numbers make sense. Best of luck....It sounds like a really cool opportunity!

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Originally posted by @Nancy P.:

Recently sold our Park City, Utah, condo because the board was corrupt and couldn't get the mostly absentee owners to see it. Six months later they started to wake up. Board president gave others a quarter of a million dollars the day before being voted out...and it was legal of her to do so. 78 unit building now on the hook for over $3k each plus years of deferred maintenance. Glad I got out when we did. When we lived in Texas we loved to go skiing, once we moved to Chicago that lost a lot of its appeal. I don't know how common this is...but three weeks around Christmas and then the Sundance Film Festival would pay for the expenses for the entire year. A good snow year, we'd make $10K more. A bad snow year, maybe only $2000. Usually empty all summer. My only regret is we never went during Christmas or Sundance because we hated to lose that income. (We went skiing in Austria last Christmas to make up for it.)

So many associations are mismanaged....it's so sad. The reality is that most of the people running the AOAO have no experience. It is the most FLAWED system that need a complete overhaul! Talking from experience as a past commercial real estate asset manager and president of my AOAO for 2 years.

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Originally posted by @Luke Carl:

@Alanna Schroeder Pforge Gburg East TN. Best VR market in the country. Check the link in my profile for my properties.

I will! Love Tennessee! I was just in Nashville for the first time just over a year ago and loved it!

2 Votes

Originally posted by @Peter Halliday:

Palatine is a suburb north west from Chicago. I'm right by in a suburb called Arlington Heights. Great school district, just a train ride to the city.

I've been to Palatnie....Great area! Is it VR friendly?

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Originally posted by @Erik Kuhi:

@Alanna Schroeder

Kissimmee, FL

It’s my first dabble in vacation rentals. It’s been up and running since mid February and so far so good.

Congratulations....How's it going?

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Originally posted by @Michael Kugler:

Originally posted by @Alanna Schroeder:

Looking to connect with other vacation rental owners, hosts and managers! My property is located in Princeville, Hawaii!

Oh poor you!

:)

All of ours are located in Branson, Missouri.

LOL....

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Originally posted by @Denise H.:

Lake Arrowhead, CA

Sweet....We had a house in Lake Arrowhead going up as kids :) Very fond memories....I went back about 10 years ago and the lake was much smaller than I remembered....or maybe I just got bigger.

2 Votes

Originally posted by @Eric P.:

Originally posted by @Alanna Schroeder:

Looking to connect with other vacation rental owners, hosts and managers! My property is located in Princeville, Hawaii!

Is it legal?! I was just in Princeville and I had heard that STR was mostly illegal on the north shore of Kauai though also not heavily enforced though enforcement could get stricter

Hawaii is very strict in general. My area is considered a resort area so YES it is legal. I purchased in 2013 and would only consider legal rentals. Not worth it otherwise.

3 Votes

All Forum Posts by: Alanna Schroeder

Alanna Schroeder has started 1 posts and replied 44 times.

Post: Where is your Vacation Rental Property?

Post: Where is your Vacation Rental Property?

Post: Attached shop: convert for Airbnb?

Post: Where is your Vacation Rental Property?

Post: Where is your Vacation Rental Property?

Post: Where is your Vacation Rental Property?

Post: Where is your Vacation Rental Property?

Post: Where is your Vacation Rental Property?

Post: Where is your Vacation Rental Property?

Post: Where is your Vacation Rental Property?