All Forum Posts by: Wesley Myers

 Great point Josh.

Thanks David I should have stated it’s booking well so far for 2022 and has appreciated greatly in the 1.5yrs we’ve owned it. It’s fully renovated and we have 6mos reserves for it. 

Fairly new to real estate we currently have one STR in PCB that's doing well in its second year of ownership. We own it 100%. We have enough "extra" funds for either 2 more places around $300k each putting 25% down or either one more expensive place with 25% down. This all while having a small reserve for each or just the one.

“Making the numbers work” gets confusing to me at times. Help me understand in easy terms what calculations I should be doing to figure out what returns I can expect from a potential property. For percentages what is considered “doable” and what would be killing it? Should I be making these calculations on the amount I’ve initially invested (down payment) or the total price for unit? Have never used AirDNA should I be? 

Any help you can provide would be amazing. Thanks!

Wondering if you offer Netflix (or any other streaming service) for free or do you just have it available to the renter? We thought about leaving our TV’s logged into our accounts for the free service as an added perk but wondering if anyone else does this?

We’re getting ready to go live next month or April. I’ve been researching this question by looking at listings in our same unit (VRBO & ABNB) for different time periods.

I read that some people have higher weekend or holiday rates. VRBO doesn’t show that, only one nightly rate when looking at properties. Does that mean they are averaging the total per night to give you one nightly rate (if someone has different weekday vs weekend rates)?

We’re also planning on having lower rates to begin with. How long should that last for? A month, the first season?

I was going to make a spreadsheet for our resort alone (condo in PCB) of rates throughout the season with comparable units . Is this the best method to set our rates?

@Nicholas Aiola awesome info. We’re in the same boat want to make sure I’m clear. We spent about $10k in 2020 getting ours ready. It should be live and available this March. I can claim the $10k I spent in 2020 on my 2021 tax return?

I’ve stayed a couple places and upon leaving the owner mentioned to contact them directly (vs booking through VRBO or ABNB) if we wanted to come back. Wondering how you deal with return guests and why you would do this vs having them just book through the platform itself.

Also, what about family and friends? We’re new to the game wondering the easiest way to deal with this? Give us dates before “prime season” and block the dates ahead of time? What about payment? PayPal or similar?

@Joey Morea we’re at the Celadon. Would you mind sharing your cleaners info if you’re happy with them?

Good thread. We’re looking for a cleaner at the moment for our 1bd, 2ba, 2 bunks condo in PCB. Got quoted $150 per clean from someone that came recommended. Definitely don’t mind paying more if the service is good but does this sound too high?

Awesome info folks. Seems it’s just the cost of doing business. I can deal with that. Just wanted to get the consensus on it.