All Forum Posts by: Jake Miller

Regs are pretty restrictive in palm springs now, its not like it use to be.

Turnover is good, but it costs money now so I’ll be changing over to a channel manager soon. You can also simply export the ical and upload it to a google calendar and work from that.

Yup I own and run a few vacation rentals on the west coast and I live on the east coast, I’m also developing 10acres of land into more currently. 

The key is having reliable cleaners and handymen and boots on the ground. I wouldn’t do a property management company as has been mentioned many times above they take waaaay too much of your profit. 

Not really, the only places that have problems are primarily cities where there is a need for long term housing as well. I focus my acquisition of vacation rentals to resort towns who generally welcome strs as they are built around the cities primary source of income. 

Also most cities are enacting regulation that specifically stop rental arbitrage, most of the regs that cities are passing are ones that dont allow you to STR properties that aren't your primary residence. So if you are thinking if doing it, which i dont suggest doing then keep in mind where the regs are going for your place of operation.

I make a net gain with only 30% occupancy, i self manage but could easily pay a property manager if I felt like it. Honestly if your margins are so low on an STR that you couldnt use a property manager and still turn a decent profit then it's not a deal and you shouldn't be doing it. I can only see arbitrage having margins so slim that you basically have to live with it.

Sounds like something the city of charleston housing and rental office would likely be able to answer this pretty easily.

Depends on the price of the property, 50k is nice at 200k and pretty ****** at 500k 

It's not a predetermined necessity to give a Property Manager 30% revenue, one has options and possibilities to hire your own crew at a cheaper rate.  Everyone's life is different certainly, but I operate in a few different states and have my own crews.