Our first Airbnb rental finally live

[Eric Huang]

My wife and I bought a property as our vacation home/airbnb rental in Verlot WA. We are very grateful to having Michael Haas from Compass as our agent. We learned a lot from him regarding the STR zoning and selections. He is patient, professional and always looking out for your best interest. Finally, he helped us land our first STR property.

After 2 months of hard work, we finally shaped it up the way we like. It's a definitely an overwhelming process - picking the right furnitures, decorating the space, stuffing the house, etc. It's more than copying another house of ours - more demanding in every single detail. We are thrilled to finally complete it and have it in a great shape. And the house is now live on airbnb. Check it out: https://airbnb.com/h/bensoncreek!

A bit more info about the house: The house sits on a 10-acre private land with the Benson Creek running through the property. Located in Verlot, WA, it is about 1.5 hours away from Seattle and only few minutes away from many popular hiking trails in the area, such as Lake 22 and Heather Lake. We found it an excellent spot to unwind, relax and recharge!

[Michael Haas]

Thanks @Eric Huang, and congratulations again on such a beautiful property! Can't wait to watch as those 10 acres develop into multiple STR revenue streams for you and your family.

@Jeffrey Auckland yes, this was a competitive one. We beat out 30 competing offers to put it under contract. I've found $100,000 escalations are common in Cabins and Airbnb properties nowadays, and have even seen some riverfront Cabins escalate $200,000 or more above list price. The important thing is that the value is there (it was, this one appraised at value) and the Airbnb financials are good (the projected ROI on this property is well above average).