Collin Hays
Your biggest financial risk in owning a STR
21 September 2024 | 19 replies
.- The shiny new barbeque grill that you had the housekeepers place on the wood deck next to the railings.- That quirky, and warm, light switch that you didn't notice because you haven't been to the property in a year.- The shower that you noticed is awfully hot but failed to check into it more before you left.And so on.
Steven DeMarco
Almost 2 years in and haven't made any money (via cashflow)
20 September 2024 | 114 replies
In the next few years I may be moving back to Pittsburgh so this could be an option for me in the future.I did complete the backyard rehab project myself, where I went from a weed-ridden red cobblestone courtyard patio to a comfortable pea gravel patio with chairs, firepit, grill, string lights and life-sized games.
Robert Schwenkler
Use Pricelabs to create "Preparation time" on listings?
2 September 2024 | 17 replies
Things like septic pumps burning out, steam room dying, guests catching the grill on fire and leaving burn marks on the hardi siding, emergency bug treatment, above ground pool which is ridiculously hard to manage in our heat & having no time to deal with it if it starts to go, laundry & drying time for all the towels and linens, etc, etc.There are plenty of things we can and will get better at, but I'm prioritizing the stress level of my people as well as the very near disasters we've narrowly avoided, over the little bit of extra revenue we'd generate.
Rob Ibarra
Commercial Kitchen Conversion Project
30 August 2024 | 6 replies
There is a high cost to renovating a non-restaurant space into a kitchen, especially if you need everything like grills, hood vents, walk-in coolers and grease traps in floors, not to mention the utilities to service all of the above.
Joshua Metzger
Short term rental best advice
20 August 2024 | 16 replies
A fire pit, BBQ grill, or outdoor dining area can also be great selling points.Themed Decor: Consider a lake or nature-themed decor to enhance the experience.
Annie Balagot
Need STR marketing help please
15 August 2024 | 28 replies
That's about $100 just to grill. add to that, no one grills enough to use the whole propane tank.
Sanjeev Advani
Major Dining Chains Push Forward with Expansion Despite Economic Challenges
12 August 2024 | 0 replies
CEO David Gibbs noted that while consumer spending is more cautious, the company remains optimistic about its growth prospects.Bloomin’ Brands, which operates Outback Steakhouse and Carrabba’s Italian Grill, is also maintaining its investment in new openings.
Katie Hartung
New to STR management for others and seeking your expert input
10 August 2024 | 8 replies
Here is what I proposed:Setup fees : Administration Setup:One Time Fee: $400Guidebook: Using professional photos give the guests a professional tour of the house and how the home works (Wifi passwords // How to use grill // How to use propane fireplace // Hot tub instructions // Sauna instructions //Check in and check out instructions //where extras may be storedOTA (Online Travel Agency) setups: taking professional photos and actively updating your listing on popular platforms;PMS (Property Management System) Setup Smart Pricing Set upWebsite integrationOther (furniture arrangement / design / décor shopping and set up) $50 per hour· Placement fees · Marketing Cost: Variable depending on needs/wants for marketingFacebook AdsGoogle Ads Cleaners: Set up procedures/take pics of expectations· Management fee—30%Guest communicationCleaner communicationSetting Rental rateDealing with small maintenance issuesBooking CoordinationSmart Lock integrationKeeping supplies stocked (TP, paper towel, all cleaning products, coffee, filters, creamer, sugars, teas,)(Receipts would be submitted on a monthly basis for either reimbursement or book keeping purposes)Encouraging guests to leave good reviews by periodically checking in, providing a review template, and ensuring guests receive the amenities they are looking forContinued marketingMajor Maintenance fees—OwnerCleaning and laundry services fees: Cleaning fee to the guest depending on how cleaner wants to charge
Makan A Tabrizi
Items in Common Areas
7 August 2024 | 2 replies
Grills may not be kept or used on or under the wooden decks, or within 3 feet of a building.
Jason Bilbrey
Determine most profitable amenities
8 August 2024 | 17 replies
I watched a video/podcast once that showed a tool/site which allowed you to see what amenities the most offered amenities were in any given market/area ranked from highest to least (like A/C, pool, grill, etc).