All Forum Posts by: Amit Shukla

Update: New rules and regulations to some cities referenced in the article. 

Brookings- Eligible for STR in zones R16

Lincoln City- After the original article was shared there was a change to Lincoln City permit process. There is a current waitlist but properties with R1.5 zoning can secure a permit. Expected wait time is 5-6 mos. There are also communities that permits are permitted such as Olivia Beach and Road's End (with existing permit). 

Tillamook county - Has several specific regions each with CAP's on rentals. There a are several small cities with available licenses.

Bandon- Very limited new inventory to market that is eligible for nightly rental usages. One work around is a property in the county. Typically a 6-12 month permit process. Or expand the search north to Coos Bay/Florence.

Several 2023 luxury coastal sales from $575k -$1.5M from Florence to Lincoln City for anyone seeking references. 

Popular question and it ultimately comes down to what you're looking to solve for with a PMS. I've demo'd a bunch and found not a single one that's not either over-priced or saddled with an interface out of MS Word gone wild wet dream. 

I've posted it before, but here's the comparison chart cover 15 different STR PMS solutions I built out to decide on the PMS Formerly Known as YourPorter (now Guesty for Hosts). I'm not bankrolling a large portfolio so the popular option to gouge smaller managers for a minimum $100/mo isn't a biz model I'm willing to support. Yes, what others have said about GfH's customer service is right: it's challenging, but I'm grandfathered into pricing that makes it a tough sell to switch and with (still) 98% of their solution's capability available right in their mobile app it's still a compelling option for smaller portfolios. Now if only their newer developers would remember their mobile-first origin story when rolling out new capabilities like smart pricing that only works on a desktop. 

Hello everyone, I'm in need of some guidance. I bought a 5-bedroom, 3-bathroom property in Orlando near Disney World for short-term rentals. It's been a year, and contrary to my initial profit projections, I've been consistently losing money. Considering long-term rental as a better option, I listed the property, but after three months on the market and only receiving low offers, I'm reevaluating. This investment has increasingly felt like a financial burden. I'm contemplating making updates to the property but am uncertain about the return on investment (ROI) I would receive. I'd greatly appreciate any advice or insights from anyone who has navigated a similar situation. Below is my Airbnb link I am open to all recommendations!

https://www.airbnb.com.sg/rooms/792049658049677604?guests=1&...

Hey Amit I am curious why you are only specifically looking for properties that were previously used as STR versus setting one up yourself?

If a property does well, the seller will likely want a premium for it.  If it does not do well they likely will not disclose what it has done in my experience.

Hey Amit, I have some contacts in that area! But first things first, it's most important to understand a bit more about what you're looking for in a brokerage. How you learn, what kind of support you're looking for, some goals you're looking to achieve, whether you eventually want to turn this full time or always keep this as your hobby, etc.