All Forum Posts by: Tom Dieringer

I understand why you want to avoid a HELOC. I don't like paying interest on my down payment unless I know it's a temporary aid to get a good opportunity. I've done that on flips and LTRs. And maybe it's not all or nothing for a given method, sometimes a combination of various financing tools is what wins.

1 Vote

These are the posts and discussions that I love and select "follow." Great information from regular, experienced contributors whose opinions I value. Fortunately, even though I'm a newbie still in setup mode (working through renovations on a value added property) I'm already starting to recognize the right answers before reading the responses, thanks in big part to many of you. Thank you BP STR community!

4 Votes

Thanks Garrett. Really found this useful!

2 Votes

Starting to consider whether to convert one of my LTRs to an STR. I'm already familiar with some of the basics of how the markets differ, but I'd be curious to hear what some of you have experienced in regard to any unexpected differences between them. I've got 7 months before the lease is up, so no is the time to research and think it through

0 Votes

Are any of you who use a separate rental agreement willing to share a copy? I have rental agreements for my LTR but couldn't imagine using that for my STR. Thanks

0 Votes

I'm all over the BP forums, Facebook, YouTube, etc following STR hosting content. But I've found there is a considerable difference between advice that applies to those who host their rental where they reside or live within an hour or two of their rental, and those who are truly long distance self-managing.

So I just created an FB group specifically for those who self-manage from long distance - you can search for: "Long Distance STR Hosting (Self-Managing, Remote Hosting)."

I'd love to have some folks join so that it could be another useful spot for sharing of information specific to this subset of STR investors/hosts. BTW, I've got no financial incentive from forming the group.

1 Vote

Quote from @Tommy Harper:

STRs in Massanutten - looking to connect w/someone on discussing what a reasonable offer on a STR out here would look like. Also, if you're a serious end buyer and can cover the first part, that would save a step. Note, I will not share any addresses as I know how this works. I can share details of properties and if you have airdna, that something we can both look at because i dont have it (and go over what the anayics look at for certain types of propeties in this area).

Do you need an agent who is highly familiar with the market or are you trying to bypass that? If you need a referral to an excellent agent who works exclusively with STRs in that specific market, I can refer ours

0 Votes

Quote from @Alex Dixon:

Ah great question - I had pulled this together to showcase some of the similar tools that sit within the same "capability". So you're absolutely right from a PMS capability that some of the major players include Hospitable, Guesty, Lodgify, Ownerrez, etc.

I went through demos of all of those, pulled together our evaluation criteria, etc. and then ended up choosing Hospitable (which we've been thrilled with).

Thanks, that makes much more sense and frankly, is a relief (I started wondering if I was missing something, lol.) Another quick question Alex. I can't discern the names of the these two tools. When you have a second, names would be appreciated.

0 Votes

Very nice!

I'm just choosing my stack right now and I actually thought Hospitable, Guesty and Logify were all similar services and I would only need one of them. Are you intentionally using all three just to pick up some of the services they each uniquely offer that don't overlap, and to be able to choose which ones are strong in a particular area?

0 Votes

Just wanted to clarify. When you are changing out the water between every guest, are most of you having your cleaners still put in chemicals to keep it balanced and as clean as possible between empties?

0 Votes

Seattle, Washington

All Forum Posts by: Tom Dieringer

Tom Dieringer has started 8 posts and replied 42 times.

Post: The Next Deal...

Post: If You Are Asking These Questions About Your STR, You Are Already Failing

Post: This ONE Change Can Boost Your Airbnb Ranking

Post: What are some of the biggest differences between an urban STR and vacation market STR

Post: Best Practices on cancellation credit card chargebacks?

Post: Short Term Rentals - Self-Managing Long Distance => Facebook Group

Post: Massanutten Short Term Rentals - purchase opportunities

Post: STR Tech Stack

Post: STR Tech Stack

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