All Forum Posts by: Allen Duan

Going off platform is one question, but you never want to accept cash. There should be no reason they can't pay another way. And if they really don't have a bank account or credit card to use, that's definitely a huge red flag.

 Hi Kelly! We don't do any hard screening for our Airbnb bookings, such as BG checks. We also ask them questions about their stay and why they're in need of a MTR. That and checking their reviews helps us get a good feel of the guest. That's enough for us but I understand that may still feel too risky for some hosts. The downside of Airbnb is you can't screen more thoroughly, but the upside is you have Airbnb support and the Aircover program to help if needed.

@Josh Smith You're welcome! 

One negative affect of option 3 is that it would make longer bookings overpriced. I'm ok with that because for most MTR bookings, there's some discussion back and forth and negotiation on the rent. That's when I can offer a better discounted rate if they're dates are ideal for our calendar. The prices doesn't continually go up the further out the dates are. Past 2 months, our rates are set at our default rate. The logic there is if we get a 2-3 month gap, I'm confident we can rent that out.

Your strategy makes sense. Like you said, it would limit anyone from finding your listing if they have dates beyond those first 7 vacant dates. But if that's by design, that's fine. I personally wouldn't want that for my listings. I prefer having the visibility in search results and the possibility of someone booking at a really high rate, or just asking me for a better rate because they like the listing =)

@Jamie Banks I'm going to have all our properties listed on Landing. What are your top 1-3 tips for succeeding with this platform?

4x rent! Congrats Jamie. Is that typical for insurance placements in that market or is this the high end you would expect for this property?

Best to validate STR numbers by checking comps rather than trust Airdna's estimate. Airdna bunches many differing properties together in their data sets so their estimate may not be accurate for your specific property.

Cash flow ain't the only way to make money with real estate. Look into MTRs if you want cash flow, but LA is none for not being a cash flow market. Anything is possible with the right deal of course.

We're a MTR management company here in Los Angeles. Let me guess, is your property in the city of Gardena?

Its already been covered by others. We also get most of our bookings through Airbnb, Furnished Finder, and temp housing agencies. Just want to confirm that it's true for the LA market as well. Different property types will do better on different platforms as well. Happy to connect and share more :)

15% in Los Angeles :)