Hello BP community! I run a very small Airbnb property management company in Colorado and I recently had an investor ask me for guidance on upgrading a run-down duplex and optimizing it for Airbnb. I wanted to see if anyone out there had success converting their rentals into Airbnb or if there were any property managers who had success advising clients on home improvement projects. I am also being asked to find contractors, kitchen/bath designers, painters, etc so they are really letting me run with the project, although needless to say I am nervous doing this type of consulting since it is not my money being invested. Would love to hear success/horror stories and also had some general questions:
-Has anyone had success using interior designers or online interior designers such as Havenly?
-Kitchen and bath designer typical costs
@Tyler Work I don't have any STR experience so can't really address that. I would say it sounds like you are giving away your time and expertise. It sounds like they are asking you to be their project manager. Project managers typically get a markup on services provided and should be licensed contractors. Make sure you don't give away your time and make sure you know what you are doing. Let the owners find someone and then learn from the person they hire. Don't tackle a job you don't know even if the owners say "It's ok". Everything is ok until it isn't. That is a recipe for a mad client. Let us know how things turn out.
@Bill S. Thank you for your advise! It helps tremendously.