Newbies looking into Airbnb?!?
Hello Meredith! There are plenty of Airbnb forums. Add Airbnb as a keyword and watch the alerts pile up. Airbnb and STR's are very lucrative and great for cash flow. If you want to Airbnb a condo be sure to check any HOA restrictions about STR's. I bought my condo as a STR investment property and had to turn it into a corporate rental because the HOA banned STR's. Good luck with your investing!
Originally posted by @Myka Artis:
Hello Meredith! There are plenty of Airbnb forums. Add Airbnb as a keyword and watch the alerts pile up. Airbnb and STR's are very lucrative and great for cash flow. If you want to Airbnb a condo be sure to check any HOA restrictions about STR's. I bought my condo as a STR investment property and had to turn it into a corporate rental because the HOA banned STR's. Good luck with your investing!
Hi there, a friend of mine told me she makes a good cash flow by buying studios specifically for Corp Rental. Have you found this to be successful? What platforms are you using?
I've never used it (I don't have this type of property) but I've come across https://www.airdna.co/ seemed interesting idea...
Originally posted by @Kristal Pecherski:
Originally posted by @Myka Artis:Hello Meredith! There are plenty of Airbnb forums. Add Airbnb as a keyword and watch the alerts pile up. Airbnb and STR's are very lucrative and great for cash flow. If you want to Airbnb a condo be sure to check any HOA restrictions about STR's. I bought my condo as a STR investment property and had to turn it into a corporate rental because the HOA banned STR's. Good luck with your investing!
Hi there, a friend of mine told me she makes a good cash flow by buying studios specifically for Corp Rental. Have you found this to be successful? What platforms are you using?
Yeah buying studios and using them as corporate rentals are great cash flow. I currently do it with my condo and it's been great. I use CHBO, Airbnb, and HomeAway. I get most of my tenants from CHBO though. They usually are staying 2 - 3 months and are very reliable tenants.
Originally posted by @Myka Artis:
Originally posted by @Kristal Pecherski:Originally posted by @Myka Artis:
Hello Meredith! There are plenty of Airbnb forums. Add Airbnb as a keyword and watch the alerts pile up. Airbnb and STR's are very lucrative and great for cash flow. If you want to Airbnb a condo be sure to check any HOA restrictions about STR's. I bought my condo as a STR investment property and had to turn it into a corporate rental because the HOA banned STR's. Good luck with your investing!
Hi there, a friend of mine told me she makes a good cash flow by buying studios specifically for Corp Rental. Have you found this to be successful? What platforms are you using?
Yeah buying studios and using them as corporate rentals are great cash flow. I currently do it with my condo and it's been great. I use CHBO, Airbnb, and HomeAway. I get most of my tenants from CHBO though. They usually are staying 2 - 3 months and are very reliable tenants.
With the cut that the platform gets how does it compare to what you could get from a traditional tennant?
Originally posted by @Matt K.:
Originally posted by @Myka Artis:Originally posted by @Kristal Pecherski:
Originally posted by @Myka Artis:Hello Meredith! There are plenty of Airbnb forums. Add Airbnb as a keyword and watch the alerts pile up. Airbnb and STR's are very lucrative and great for cash flow. If you want to Airbnb a condo be sure to check any HOA restrictions about STR's. I bought my condo as a STR investment property and had to turn it into a corporate rental because the HOA banned STR's. Good luck with your investing!
Hi there, a friend of mine told me she makes a good cash flow by buying studios specifically for Corp Rental. Have you found this to be successful? What platforms are you using?
Yeah buying studios and using them as corporate rentals are great cash flow. I currently do it with my condo and it's been great. I use CHBO, Airbnb, and HomeAway. I get most of my tenants from CHBO though. They usually are staying 2 - 3 months and are very reliable tenants.
With the cut that the platform gets how does it compare to what you could get from a traditional tennant?
Which platform takes a cut?
Originally posted by @Myka Artis:
Originally posted by @Matt K.:Originally posted by @Myka Artis:
Originally posted by @Kristal Pecherski:Originally posted by @Myka Artis:
Hello Meredith! There are plenty of Airbnb forums. Add Airbnb as a keyword and watch the alerts pile up. Airbnb and STR's are very lucrative and great for cash flow. If you want to Airbnb a condo be sure to check any HOA restrictions about STR's. I bought my condo as a STR investment property and had to turn it into a corporate rental because the HOA banned STR's. Good luck with your investing!
Hi there, a friend of mine told me she makes a good cash flow by buying studios specifically for Corp Rental. Have you found this to be successful? What platforms are you using?
Yeah buying studios and using them as corporate rentals are great cash flow. I currently do it with my condo and it's been great. I use CHBO, Airbnb, and HomeAway. I get most of my tenants from CHBO though. They usually are staying 2 - 3 months and are very reliable tenants.
With the cut that the platform gets how does it compare to what you could get from a traditional tennant?
Which platform takes a cut?
I'd assume they all do to make their money some how or are they all charging the renter? Quick google search tells me Air takes 3% from host and 6-12% from guest.
Airbnb is a booking platform so yes they will take a cut but I haven't had a long term guest book my corporate rental through Airbnb and I would most likely attempt to meet them in person to avoid an Airbnb long term booking. I just use Airbnb for the free advertisement. My last two renters came from VRBO and CHBO. VRBO takes a cut but I was able to exchange contact information from the renter and put them on a traditional lease and avoid their fees. CHBO is only a listing platform. It's up to you to put them on a lease when getting renters through their platform. I get inquiries through CHBO weekly and this is where a bulk of my renters come from.
So how does CHBO get paid? They just list it for free?
CHBO gets paid by selling owners annual advertising packages. Take a look at the link below:
Thanks @Sam Valme
Hi Meredith, how did your first investment property purchase go?
Did you end up setting up an Airbnb operation at that property?
@Myka Artis Thank you for your feedback on Corporate rentals. Very helpful. We have the oldest Cabin in Atlanta we are trying STR with but some regulations may shut that down. Looking to go corporate rental route if possible. Our other 7 properties around the city are in no regulated areas right now and do pretty well. We love STR's and help people all over the place get started. It's a lot of work but very rewarding.
@Jason Sterner hi Jason I live in Snellville and have been trying to get into STR around the city but have had a hard time finding areas with no regulations. Any suggestions? And do you rent and sublease or buy these properties? Thanks!
@Avontae Ramey Thanks for the questions. I get all my referrals by word of mouth and networking with the right crowd (i.e. Local REIAs, meetups, networking with other investors regularly. I created my own system that is performance lease based so I have very little and sometimes no money out of pocket to start my homes. My agreement is not a sublease or rental agreement but a percentage split. I also get the investor or homeowner to furnish the home and provide a financial analysis upfront of what they can expect to make before we even get started. They typically pay me to set up their listing, arrange for cleaning and maintenance teams and run each home like a business and make them passive income in return. I make it a Win-Win for the investor and me. Not just one sided. Send me your email and I can send you an updated list of areas around the city that allow STR's and areas that do not. Thanks for reaching out.
@Jason Sterner thanks so much for the advice. I would love that atlantanoblerealty@gmail