I have interests in buying STR in Florida. Currently live in MN and have fears after buying, I will wish I didn’t. Anyone out there have those same feelings but are happy they did it? Secondly, the financial burden of paying for the mortgage, maintenance and management of the place seems very str...
For those using the 100-hour material participation rule on your STRs, how are you tracking how much time your cleaners actually spend at the property? Most cleaning crews charge a flat turnover fee instead of an hourly rate, so their invoices don't show hours worked. Do you just use smart lock l...
Our short term rentals have non-smoking policy. However some guests are smoking inside the house. When we discuss with guests or Airbnb or VRBO , there is no photo to prove as it is smell. It is only the strong smell and we can tell it is smoking or Weed. Also many times it is just our cleaners c...
I am in the process of selling what was a monthly rental and doing a 1031 into a new build which of course has attached garage etc. How important is it to have parking in the garage compared to just keeping the garage locked off and they park in the drive way or on the street. there is no HOA and...
Hello All! I am looking for a good independent cleaner for a house in Minneapolis and I am having a heck of a time finding a good one. Does anyone know any good ones? Thanks for any help!
Saw a 2 night stay come in earlier this evening that split a weekend with a Thursday night check in and out on Saturday. This is a big NO for me, because it can be really hard to get a quality booking that captures that other weekend night, and I program my calendar to avoid this. I've been set u...
I have a couple markets where I am struggling to get bridge loans for BRRRR short term rentals. It's due to the "Rural" index (I can't quite remember what it's called, one of the lenders showed me). One of the markets I have a #1 performing STR for guest count so I can prove that I know what I am...
Has anyone here built a detached four-season greenhouse or conservatory as an amenity for an Airbnb or short-term rental? I’m considering adding one to a property in the Poconos—probably around 240–300 square feet—for guests to lounge, relax, and enjoy year-round. I’ve always loved greenhouse and...
Different people can have completely different ideas of what clean means. That's why cleaning quality should be documented, not left to individual interpretation. For every turnover, the process should answer: What needs to be checked? What supplies need to be restocked? What should be photograph...
Hi all! First time posting here. I've been an LTR property owner/manager since 2011. I'd like to enter the STR/MTR arena and I think I'd be good at it, but I would need an investor for that. My kids are older now so I finally have more time available for active income opportunities. I think I'm i...
Hi all, I’m researching the Sunbelt from the outside (Texas and Florida), and would value a reality check from people of those areas . Considering supply: Texas: Accidental landlords own 14.2% of Houston’s active single-family rentals. In suburban Fort Bend County, 17.8% of active rentals are lis...
Hi everyone, My name is Sterling, and I am a graduate student at Portland State University. I have a class project, and I'm looking for people who own a short-term rental and manage things like cleaning, repairs, and getting it ready for the next guest. We can do a phone call, a Zoom meeting, or ...
Hosts sometimes focus heavily on expensive features. But guests can care just as much about the everyday essentials: Reliable Wi-Fi Effective heating or cooling Comfortable beds Convenient parking A usable workspace A properly equipped kitchen The most valuable amenities depend on the guest you'r...
Very small sample size, end of summer into shoulder season however notable as all but 1 guest have brought dogs and not one has checked the pet box which can be elusive as they have all mentioned dogs just didn't add the fee. Prior to this the pet fees collected were averaging 20% of bookings whi...
The amount of inventory hitting the Four Corners, Reunion, and ChampionsGate areas is incredible. I am seeing more properties come on the market every day, including a growing number of short sales. Some owners are selling at major losses on properties they purchased only a few years ago, and sev...
Hi BP Community - I'm looking for advice. I signed up to use RedAwning for property management about 3 months ago. Onboarding was fine, but there has been one major problem: Of 13 completed stays, they've only paid me for 2 of them so far. Worse, they only paid me for those stays after I complain...
Hi all, I’m researching one STR strategy: hosting guests on non-vacation stays, in either a room or a whole home, in the suburbs of Houston, Indianapolis and Tampa. I’d value a reality check from people on the ground. Where the supply seems to be - Owners who couldn’t sell. Accidental landlords r...
As I look into STR I can see what the gross nightly rents are.. Then I see that VRBO charges like 8% to be on their platform and Air bnb is 15% so then when PM want 25% your taking 33 to 40% right off the top.. And a bunch of the listings I saw dont have cleaning fee's and I suspect the cleaning ...
Airbnb is expanding grocery delivery through Instacart, and one option caught my attention: in Phoenix and Orlando, hosts who opt in can receive guests’ grocery orders and stock the fridge and pantry before they arrive. I can see the appeal for families and guests arriving late—walking into a ren...
Hi everyone, I’m mapping out a long-term single-family portfolio strategy and would love feedback from investors who have executed a staged rental lifecycle, specifically managing out of state in Year 1 before handing off operations to third-party management. The plan is to acquire one single-fam...
Beginning a furnished rental in Hampstead, NC that will be ready approximately mid-October. 2-bed/2-bath currently sleeps 4 but could push to 6-8 if better optimized that way. It's a small stand-alone newly renovated home across the road from the intercoastal waterway but currently with no water ...
A listing should make the property attractive. But it should also make the property understandable. If parking is limited, say it. If there are significant stairs, explain them. If an amenity has restrictions, communicate them clearly. If a bedroom is small, don't photograph it in a way that make...
Had a conversation last month that I've now had some version of about a dozen times. Couple with W-2 jobs buys a cabin, puts it on Airbnb, gets a cost seg study done. Big paper loss, and they're counting on it to wipe out a chunk of their wages. So I ask the boring question: how many hours did yo...
I do due diligence on cabin and small-business deals in East Tennessee. On Sevier County STRs, the question I keep running into isn't "what does it gross?" It's "which permit is this, and does it survive my closing?" Here's what I've pulled from the county and city documents. I checked them in Oc...
I am looking for some feedback and strategic advice on the best way to exit or structure the sale of a small portfolio of single-wide mobile homes currently operating as short-term rentals. Here is the current setup: - Scale: 4 single-wide homes located within a private, 8-home gated park that I ...