All Forum Posts by: William Beck

EVOLVE has a team that has accurate data with their Home Buyer Consultants.

Revedy is also coming up with some cool data tools. 

More heads in beds gives you ability to price it higher. $15k in the grand scheme of things should be worth it. I say go for it!

STR Business is.. well, business as usual! It's our slow season right now which is a nice relief from the madness that tourists bring the rest of the year. There are some cool new commercial developments coming up like a new indoor water park and some more stuff that Johnny Morris is building down in the Hollister/Ridgedale area. Luckily our real estate prices haven't gotten completely out of hand like some of the other spots in the country, they are still a bit elevated but still good buys all around. I'm building a container home STR just down past the border in Arkansas near Table Rock Lake. When are you coming back to visit? @Michael Baum

I do have concern about a bubble of STR property value relative to income potential. Some markets are in better or worse shape than others. Opportunities still exist for sure, it's just the values are totally wrecked and all over the board. I think lower performance properties that bought at the peak last year might be in for some hurt in the next 12-18 months.

Bro, just break the law. You'll be fine.... Nobody's going to catch you. I'm being facetious, but yeah, I'd personally get the heck out of heavily regulated Austin and do this investment elsewhere. I feel your pain on trying to follow the rules and seeing people just get away with it. BUT, would you be able to sleep at night knowing that one morning you might get that cease and desist letter with some horrible legal threat coming from the city?

I think more details are needed before randomly sharing an opinion. How much is big price? Can we see  photos? 
A 4BR with furniture that's 30 years old and smells like a bear took a sh*t in the living room vs. a 4BR with high end finishes, granite, soft close cabinets, updated....  is going to perform drastically different. 

Just a thought, but maybe it makes sense to start in one market with a few to get experience and figure out scaling before jumping into multiple markets at once. I'm sure there are people that have done that, but obviously making money in one area is probably easier to scale than multiple at the start. THEN you can look at market #2, #3. I'm buying a few in my market before jumping into others. Obviously, if you've got money to burn, go get it!

Pros: More potential upside!
Cons: Forecasting future performance always has some degree of uncertainty. This isn't a plug and chug into a formula for LTR and = spit out a cap rate. 

I remember seeing some successful STR's on the north side of town, close to Six Flags. That could be a starting place!

Sucks to hear that. Speaking of Vacasa being a better alternative though, I was just at the IMN STR conference and they were the lead sponsor... and axed 1,500 employees during the conference, and of which some I understand were attending and notified that way. Very awkward. Hopefully they can figure it out or rescue themselves since the professionalization of the STR management space is important for growth and institutional capital to flow in.