I lived in SF for 8yrs and am out there regularly (including next week).

Many in our STR mastermind are switching and going back to Hospitable or Hostfully. 

Before I stopped buying in 2021, after being outbid by millions of dollars on a regular basis, I started asking brokers “how many of the other buyers are using bridge debt?”  

Also, I want to create an in-house store with Stayfi and The Host Co to sell themed merchandise and local vendor services.

For instance, with STRs, why won't an investor spend an hour on AirBNB for their area to identify listings that:1) rank the highest2) occupancy 95%+3) ADR $750+4) hosts have 2+ properties5) listings are branded with 20k+ Instagram followersetcThen, reach out to those top operators; as many don't have the time or gave up on cold outreach, yet they've done the hardest 90%, have skin in the game, and outcompeted thousands of listings nearby.

@Walchli DonnaIs this where you take a line of credit and use it to pay your regular mortgage but put all your deposited money into a HELOC?

His hint was that it is the responsibility of the contractor and PM to make sure it is secured as they knew I was not in town on a regular basis.  

Properties meeting at least one of the following criteria will not be eligible for Citizens Personal Residential Multiperil coverage:Rented to guests more than three times in a calendar year for periods of less than 30 days or one calendar month, whichever is lessAdvertised or held out to the public as a place regularly rented to guests

If anyone is hosting anything next month, I would love to attend and meet new people in this space.Thank you!

Short term rental manager aka co-hosting fees are usually 20-30%, mid-term 17-25%, and long term property management fees are 8-10%.