Dayana Castellon
Airbnb Host and short term rental
5 October 2024 | 15 replies
@Dayana Castellon, managing cleaners to consistently set up and clean the Airbnb worth a 5-start rating.
Kayla Utley
Traveling CNA for 8 week stay on Air bnb
4 October 2024 | 4 replies
As for protocols, just make sure to set clear expectations—cleaning schedules, payments, and house rules—so everything stays smooth during the longer stay.
Jay Hinrichs
Wholesaling assignments and double closes are now illegal in South Carolina
5 October 2024 | 19 replies
now that we know this companies name I suspect some of the SC agents will turn this company in and ask how they can do it while others cant/wont.Jay, do you see all of this regulation as cleaning up the swamp of fly by night wannabes and resulting in greater deal opportunity for those with the capital, knowledge and experience to comply and profit?
Genesis Duncan
Newbie out of state investor looking to build network!
7 October 2024 | 39 replies
They had a huge flood 16+ years ago that cleaned out a lot of their problem areas and spurred some much needed reinvestment into the city.
Zach B.
RV Park & Storage, Novice developer, seeking advice...
3 October 2024 | 3 replies
TIARV Park AND Self Storage~4 acres, commercial for $120K (google maps link)Pros: In city, city water & sewer nearby, city allows both rv park AND self storage in Commercial zone, ~$50K worth of timber on propertyCons: Neighbors nearby, traffic visibility not as good here, land needs to be logged/cleaned up - not a big deal reallySelf storage constructed probably out of shipping containers~3 acres, industrial for $135K (google maps link)Pros: clear flat land, higher traffic count between the coast and I5, seller will carry loanCons: zoning does not allow for RV Park, city services unavailable
Tate Kralik
Exit strategy after total loss fire
3 October 2024 | 7 replies
Is it my responsibility to do a demolition/clean up then sell the land?
Keagan Scott
STR Analysis in Nashville IN
4 October 2024 | 12 replies
That's 73 turnovers and at $200 per cleaning, we're at $14,600 for the year. $400 a month for utilities, $500 for misc expenses like toiletries, maintenance/repairs, landscaping etc. $150 a month for insurance (this might be low?).
John Arena
How to change PM?
2 October 2024 | 4 replies
You might be better with an experienced co-host and Airbnb expert and a handyman with cleaning crew.
Shane Quin
Tree Roots growing into plumbing
2 October 2024 | 10 replies
See if they can run the cutter through there and clean it out.
Meghan Begue
Is Colorado's Multifamily Market Still a Good Bet for New Investors?
6 October 2024 | 12 replies
However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.