Specialist · Ann Arbor, MI · Member since 2016 · 355 posts · 191 votes
Has anyone been watching Stay Here on Netflix? It’s the typical house flipping show, only with short term rentals that people are starting up or having troubles with. Some pretty good ideas! I watched all the episodes and really enjoyed it.
Real Estate Agent · USA · Member since 2016 · 909 posts · 1k+ votes
7y
I checked out a few episodes. I like the idea but they make the STR idea more of a vanity project than about ROI...which actually just triggered my anxiety because I kept wanting to yell "IS THE INCREASE IN RENT PRICE GOING TO BE PROPORTIONAL TO THE COST OF THAT BATHROOM UPGRADE?! WHY ARE THEY NOT ASKING THESE QUESTIONS?!" Overall fairly entertaining though!
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
7y
@Sarah Lorenz How can a show about STRs which are 100% review driven only have 3.5/5 stars LOL! It’s like watching HGTV and thinking every house has gorgeous hardwoods under the smelly carpet. It’s good for someone who’s clueless but you’re better off just calling me because I’m FREE and I have 1000+ 5 star reviews.
Real Estate Investor · Summerfield, NC · Member since 2016 · 56 posts · 55 votes
7y
I enjoyed this show too but my only gripe is they never report back on the ROI of the flip. The property owner (or show) is putting all this money in to rehab the property and increase rates and occupancy but never provides updates on if it was successful or not. BIG oversight and makes me question the integrity of the show overall.
Property Manager · Costa Mesa, CA · Member since 2012 · 23 posts · 8 votes
7y
@Sarah Lorenz I really liked the show. I hadn’t looked into short term rentals before and it was a very basic overview of the market which made it a stand out show for me. Hope they make more seasons.
Westminster, CO · Member since 2018 · 16 posts · 7 votes
7y
@Andrea Cole
I’ve really enjoyed the show as well, but I agree. It’s purpose is to inspire and build the popular idea of STRs while leaving out a lot of the financial realities. They do a nice breakdown of local statistics on amount of STRs and general profit, but they never detail what the owners are spending on their remodels. These remodels are also not surface level. Depending on the house/show these remodels were probably $15k-$90k. That really eats into profit for multiple years. It’s a fun show though.
Real Estate Agent · USA · Member since 2016 · 909 posts · 1k+ votes
7y
I checked out a few episodes. I like the idea but they make the STR idea more of a vanity project than about ROI...which actually just triggered my anxiety because I kept wanting to yell "IS THE INCREASE IN RENT PRICE GOING TO BE PROPORTIONAL TO THE COST OF THAT BATHROOM UPGRADE?! WHY ARE THEY NOT ASKING THESE QUESTIONS?!" Overall fairly entertaining though!
I checked out a few episodes. I like the idea but they make the STR idea more of a vanity project than about ROI...which actually just triggered my anxiety because I kept wanting to yell "IS THE INCREASE IN RENT PRICE GOING TO BE PROPORTIONAL TO THE COST OF THAT BATHROOM UPGRADE?! WHY ARE THEY NOT ASKING THESE QUESTIONS?!" Overall fairly entertaining though!
Ha, YES! "Oh, that looks awesome, IF YOU CAN SPEND ENDLESS AMOUNTS OF MONEY" LOL I've enjoyed the episodes I've seen, but the idea that cheese plates should greet every guest is insane on a number of levels.
Agreed re: those who protest there's no real-life numbers after a follow-up, only projections. And of course none of the nitty-gritty of permits and boots on the ground and the logistics necessary to actually execute an STR.
Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
7y
@Avery Carl I said the same the same thing! We watched the first 2 episodes last night and even my brother (not real estate savy) questioned the budget and cost of the fancy decor. Did anyone notice the natural wood/glass top coffee table on the episode 2?! Honestly I probably won't finish the season. It's giving me a false idea of remodel expectations.
Lender · Turlock, CA · Member since 2015 · 46 posts · 33 votes
7y
Yep, I also watched all the episodes and enjoyed them all. I even jumped on AirBNB and searched for some of them and found them! The Seattle LoveNest houseboat (episode 1) and the Hudson river carriage house (episode 6) were my favorite! I wonder if the owners are members on here :)
@Andrew wow if the owners are on BP how great would that be to hear the follow up? I wonder if the show pays a portion of remodel costs? If they did, the conversation becomes very different.
@Andrew wow if the owners are on BP how great would that be to hear the follow up? I wonder if the show pays a portion of remodel costs? If they did, the conversation becomes very different.
LOL I agree. The renovations definitely don't look cheap either. Based off the brief numbers they spoke about on episode 1 for the Seattle houseboat, and when I had looked at the AirBNB calendar and price I would say they FAR succeeded their goal.
Rental Property Investor · La Quinta, CA · Member since 2014 · 1k+ posts · 779 votes
7y
@Andrew Narsi Interesting that the first property on Airbnb you referenced appears to have the calendar blocked, and the second one has tons of vacancy and is rarely booked. Same with the Malibu beach house referenced later in the thread.
Westminster, CO · Member since 2018 · 16 posts · 7 votes
7y
@Loni Anderson I am a 3D Artist on many of these kind of shows, and the show definitely does NOT have any money to pay for any renos. To even get casted, the owner has to have guaranteed funds and remodel costs within a certain budget designated by the show creators. The only thing that you could consider "donated" is the advice and time of the hosts. Or if the show specifically says they "donated 6 months of free marketing," that was given by the marketing company because they received exposure from the show. But time, advice, and design or contracting work is still a huge win for the owner. Like on Fixer Upper, They were receiving free design advice/design plans from Joanna. And the owners were getting either free or steeply discounted work from Chip and his crew. BUT, the kickback of that is then the budgets and end cost represented are not realistic in a real-world house-flip or remodel because in the real world we all pay for design, plans, contracting, demo, install...etc.