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All Forum Posts by: Brett Deas

Brett Deas has started 18 posts and replied 571 times.

Post: Mid Term List to Booking Timeframe?

Brett DeasPosted
  • Colorado
  • Posts 585
  • Votes 423

I definitely think it is market dependent, but mine in Denver are always super high demand. About 2 months out I get a million inquiries for them. 

Post: Not an accredited investor, looking for one?

Brett DeasPosted
  • Colorado
  • Posts 585
  • Votes 423

I mean your not crazy, but I would find a syndication that allows non-accredited investors. Many people run them (me included) and it doesn't have this added step.


I am not sure of the tax rules regarding what you proposed, but I think it would be hard to find an individual willing to do this for you, with all the risks involved.  

Post: Is Furnished Finders still worth it?

Brett DeasPosted
  • Colorado
  • Posts 585
  • Votes 423
Quote from @Rob Hinh:
Quote from @Brett Deas:

I just renewed my property on the website and I am wondering what everyone is thinking these days? 

I have gotten about 30% from them and 70% from Airbnb. So I want to keep it going but not sure how much longer it's gonna be viable for my properties. 

When you say that you’re not sure how much longer it’s going to be viable, what makes you say that? 

 What I mean is, is it still worth the cost to find tenants?

Post: The future of RE investing - 5 and 10 year outlook

Brett DeasPosted
  • Colorado
  • Posts 585
  • Votes 423

ALOT of assumptions there lol. 

People were saying this before we were all alive. They have turned out fine, as long as you stay in the market. 

Post: Cut losses and walk away?

Brett DeasPosted
  • Colorado
  • Posts 585
  • Votes 423

If you get to the point where you are questioning if it's worth it or not, it's probably not worth it. When you get that far in your mind there isn't much coming back. 

Post: AirDNA vs what AirBNB actually shows

Brett DeasPosted
  • Colorado
  • Posts 585
  • Votes 423

First, make sure the listing you are looking at doesn't have anything special attached to it (I.E. discounts and things). 

The way Airdna gets their data is vis a scrub, they take the last known price for a date that goes unavailable and assumes that means it booked at that price. Obviously, this helps them compile a massive amount of data for a market (which is certainly helpful), but on a specific property basis not as accurate. 

If you want something better try Pricelabs as they get their data directly from property managers. 

Post: Is Furnished Finders still worth it?

Brett DeasPosted
  • Colorado
  • Posts 585
  • Votes 423

I just renewed my property on the website and I am wondering what everyone is thinking these days? 

I have gotten about 30% from them and 70% from Airbnb. So I want to keep it going but not sure how much longer it's gonna be viable for my properties. 

Post: Sauna in your STR?

Brett DeasPosted
  • Colorado
  • Posts 585
  • Votes 423

Insurance typically does not love Sauna's. And It heavily depends on the market. The markets we are in, sauna's don't make a difference so its not worth the cost/upkeep. 

Well, some things I hate is a lender that differs from their term sheet.
 

Post: How quickly after sale is the sold price listed?

Brett DeasPosted
  • Colorado
  • Posts 585
  • Votes 423

For the MLS typically the listing agent is required to put in the sold details the day of/ a few days after closing.

For places like zillow, it all depends on how quickly the MLS updates the website.