Property management that allow Airbnb in Houston

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Property management that allow Airbnb in Houston

Samuel Brooks
Houston · Member since 2019 · 3 posts · 1 vote

I started my STR business on Airbnb November 2019 in a 1bed /1bath in downtown Houston. By the time june 2020 came I made 20k but was told I had to stop renting my unit because the property management company switched to greystar. I have a experience on Airbnb as a superhost and I'm looking for any property management that allows STR.

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Cody L.
Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
5y

This has been asked, and I don't think you'll find any specific examples given.  Just a lot of 'why you shouldn't' do it -- followed by a bunch of 'why you should' do it. 

I'll send you a PM about our policy re STR as we have 2 people that lease about 50 units from us total. One of them gave up a bunch of the downtown since he wasn't able to weather the Covid storm.

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  • Cody L.
    Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    5y

    This has been asked, and I don't think you'll find any specific examples given.  Just a lot of 'why you shouldn't' do it -- followed by a bunch of 'why you should' do it. 

    I'll send you a PM about our policy re STR as we have 2 people that lease about 50 units from us total. One of them gave up a bunch of the downtown since he wasn't able to weather the Covid storm.

    5Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    5y
    Originally posted by @Cody L.:

    This has been asked, and I don't think you'll find any specific examples given.  Just a lot of 'why you shouldn't' do it -- followed by a bunch of 'why you should' do it. 

    I'll send you a PM about our policy re STR as we have 2 people that lease about 50 units from us total. One of them gave up a bunch of the downtown since he wasn't able to weather the Covid storm.

    Great point man.

    [email protected]832-776-9582Podcast Guest on Show #469
    NETWORTH BUILDERS5236 Reviews
    WebsiteView Page
    0Reply
  • Jacquel Major
    Member since 2021 · 7 posts · 0 votes
    5y

    @Cody L. can you send me the information as well

    0Reply
  • Cody L.
    Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    5y
    Originally posted by @Jacquel Major:

    @Cody L. can you send me the information as well

     Sent

    0Reply
  • Gerardo Vasquez
    Rental Property Investor · Houston, TX · Member since 2021 · 19 posts · 1 vote
    5y

    @Cody L.

    If you could pm me as well.. looking to start my journey into investing and str/bnb seems like a good place to start.

    0Reply
  • Cody L.
    Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    5y
    Originally posted by @Gerardo Vasquez:

    @Cody L.

    If you could pm me as well.. looking to start my journey into investing and str/bnb seems like a good place to start.

    sent you a PM, but if you're looking to start, then I don't think I'd be a fit. We require a large commitment from our STR partners (in terms of minimum number of units they have to take on). Plus require a decent deposit. So between the first months rent, deposit, and all the stuff to furnish, you could be looking to spend ~$10k per unit. Then expect to be negative cash flow the first several months till things start to ramp up. It's one of those business where if you're well capitalized and can take on a large block of units and get scale, you can make a lot. But if you're just trying to do one-offs your best bet is finding well located single family homes and doing it there.

    0Reply
  • Sean Byrd
    Real Estate Consultant · Miami FL · Member since 2020 · 36 posts · 7 votes
    5y
    Originally posted by @Cody L.:
    Originally posted by @Gerardo Vasquez:

    @Cody L.

    If you could pm me as well.. looking to start my journey into investing and str/bnb seems like a good place to start.

    sent you a PM, but if you're looking to start, then I don't think I'd be a fit. We require a large commitment from our STR partners (in terms of minimum number of units they have to take on). Plus require a decent deposit. So between the first months rent, deposit, and all the stuff to furnish, you could be looking to spend ~$10k per unit. Then expect to be negative cash flow the first several months till things start to ramp up. It's one of those business where if you're well capitalized and can take on a large block of units and get scale, you can make a lot. But if you're just trying to do one-offs your best bet is finding well located single family homes and doing it there.

    Hello PM me also I have to property in the Houston area it is a multi unit and I'm looking to explore the STR potential

    0Reply
  • Cody L.
    Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    5y
    Originally posted by @Sean Byrd:
    Originally posted by @Cody L.:
    Originally posted by @Gerardo Vasquez:

    @Cody L.

    If you could pm me as well.. looking to start my journey into investing and str/bnb seems like a good place to start.

    sent you a PM, but if you're looking to start, then I don't think I'd be a fit. We require a large commitment from our STR partners (in terms of minimum number of units they have to take on). Plus require a decent deposit. So between the first months rent, deposit, and all the stuff to furnish, you could be looking to spend ~$10k per unit. Then expect to be negative cash flow the first several months till things start to ramp up. It's one of those business where if you're well capitalized and can take on a large block of units and get scale, you can make a lot. But if you're just trying to do one-offs your best bet is finding well located single family homes and doing it there.

    Hello PM me also I have to property in the Houston area it is a multi unit and I'm looking to explore the STR potential

    No thanks.  To me, even though I manage 1500 of my own units, doing 3rd party management sounds like what might happen to me if I lead a bad life, die, and go to hell.  But @Kevin Wood would love to help out. 

    0Reply
  • Kevin Wood
    Investor · Houston, TX · Member since 2013 · 471 posts · 267 votes
    5y

    Thanks @Cody L. for mentioning us. @Sean Byrd We manage Houston properties and Airbnbs. If we can help shoot me a message. I also don't mind giving some advice if you choose to manage yourself. 

    0Reply
  • Carla Gordon
    Real Estate Agent · Houston, TX · Member since 2016 · 63 posts · 27 votes
    5y

    Hi Samuel, like Cody mentioned, well-located SFHs work for AirBnB as well. Less red tape as you can deal directly with the homeowner, you’ll just need to make sure the neighborhood doesn’t restrict it. I’m currently renting out a property I own near NASA to a guy who does AirBnB. Consider reaching out SFHs listed for rent if you budget allows furnishing a multibed unit

    1Reply
  • Samuel Brooks
    OP
    Houston · Member since 2019 · 3 posts · 1 vote
    5y

    Is there somewhere I can see those listings?

    0Reply
  • Carla Gordon
    Real Estate Agent · Houston, TX · Member since 2016 · 63 posts · 27 votes
    5y
    Originally posted by @Samuel Brooks:

    Is there somewhere I can see those listings?

    I can only speak from the other point of view as someone who received an inquiry to sublease my property but essentially try to reach out to properties listed by owner (mines have been listed on Zillow in the past) and see if they’re interested in a sublease arrangement. Some homeowners may be nervous about this proposition because it’s not a typical arrangement, so highlight the positives: guaranteed rent for x amount of months to years, constant cleaning of the unit (between all of the turnover), property management, etc. Try to stay ahead of potential objections. It may not work for some homeowners but I personally like it as a landlord

    1Reply
  • Michelle Bechard
    Biddeford · Member since 2019 · 5 posts · 1 vote
    5y

    @Samuel Brooks

    What's STR?

    0Reply
  • Samuel Brooks
    OP
    Houston · Member since 2019 · 3 posts · 1 vote
    5y

    Short term rentals 

    0Reply
  • Jessica Edwards
    Member since 2018 · 5 posts · 1 vote
    5y
    can you PM me?
    Originally posted by @Cody L.:

    This has been asked, and I don't think you'll find any specific examples given.  Just a lot of 'why you shouldn't' do it -- followed by a bunch of 'why you should' do it. 

    I'll send you a PM about our policy re STR as we have 2 people that lease about 50 units from us total. One of them gave up a bunch of the downtown since he wasn't able to weather the Covid storm.

    0Reply
  • Account Closed
    Rental Property Investor · Marina Del Rey, CA · Member since 2020 · 2 posts · 0 votes
    5y

    @Cody L.can you send me the info as well? I looked in the Houston/Dallas areas and couldn't find a property owner that was open to the idea of using airbnb marketing for short-term rentals. My model is targeting 30+day stays in studio/1bedroom units targeting tech and executive remote workers like myself. I also was a super host when I lived in NYC.

    0Reply
  • Cody L.
    Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    5y

    Just replied. Our main issue is we don't do one-off units as STR. Meaning if I have a 16 unit somewhere, I don't want 1 guy leasing 1 unit as STR. Ideally if I'm going to do STR at a property it would be with an individual with experience who is well capitalized (like a Sonder). Who can at least take a full side of the building or some other logical separated chunk. Otherwise it's not fair to our long term tenants.

    Best property I have for this is a 32 unit downtown.  It's made up of 2x 16 unit buildings, each with 2x 8 unit sides.  So I had an STR partner take over 1 side of 1 building (8 units), and expand from there. 

    0Reply
  • Account Closed
    Rental Property Investor · Marina Del Rey, CA · Member since 2020 · 2 posts · 0 votes
    5y

    Understood. I would be very happy to look at the other side that has 8 units. Can you PM me this info? Thank you

    0Reply
  • Joshua Kolnitys
    Member since 2021 · 16 posts · 13 votes
    5y

    @Samuel Brooks

    We are looking to expand to Austin, TX with my STR Management Company. Are you looking for an interview to join a management company or just a company to manage your listing?

    0Reply
  • Michael H.
    Rental Property Investor · Houston, TX · Member since 2017 · 144 posts · 42 votes
    5y

    @Cody L. could use info on short term property managers in Houston market as well

    0Reply
  • Cody L.
    Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    5y
    Originally posted by @Michael H.:

    @Cody L. could use info on short term property managers in Houston market as well

    I'm not sure what you mean?  Short term property managers?  

    We were talking about units we have for lease in our apartment buildings that we'll allow people to rent from us, then use them for short term rentals.   But at this point we're not doing it anymore except for rare cases where someone is well capitalized enough to do it at scale.  i.e., wants to take on a whole building.  It's too much work /downside to lease out just a few units to someone in an otherwise long term rental building.

    0Reply
  • Bukie Opa
    Member since 2021 · 2 posts · 0 votes
    5y
    Originally posted by @Cody L.:

    This has been asked, and I don't think you'll find any specific examples given.  Just a lot of 'why you shouldn't' do it -- followed by a bunch of 'why you should' do it. 

    I'll send you a PM about our policy re STR as we have 2 people that lease about 50 units from us total. One of them gave up a bunch of the downtown since he wasn't able to weather the Covid storm.

    Hi Cody, I'd like more info about your STR scaling options.

    0Reply
  • Jesus RomanBusiness Member
    Real Estate Agent · Houston, TX · Member since 2020 · 175 posts · 75 votes
    5y

    I would suggest reaching out to a few apartment locators here in the Houston area. Let them know what you are looking for and have them do the search for you. Hope this helps!

    713-594-9124
    0Reply
  • Yvonne Wilson
    Member since 2021 · 8 posts · 11 votes
    5y

    Michael B 

    I’ve used Evolve Vacation rental.  Not local but do an excellent job and sincs Airbnb, VRBO,etc on one calendar

    0Reply
  • Farwa Imam
    Member since 2021 · 1 post · 0 votes
    4y
    @Cody L. can you please send me the list as well? I’m looking to buy a bunch of units.

    thanks!

    Originally posted b@Cody L.:

    This has been asked, and I don't think you'll find any specific examples given.  Just a lot of 'why you shouldn't' do it -- followed by a bunch of 'why you should' do it. 

    I'll send you a PM about our policy re STR as we have 2 people that lease about 50 units from us total. One of them gave up a bunch of the downtown since he wasn't able to weather the Covid storm.

    0Reply
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