All Forum Posts by: Brian Barch
Brian Barch has started 3 posts and replied 272 times.
Post: how accurate airdna rentalizer in your experience?
- Posts 272
- Votes 253
Post: Things to look out for in a STR?
- Posts 272
- Votes 253
HOA's and potential for a future ordinance
Finding a good cleaning crew
Treat it like a business unless it’s your personal vacation home as well
It’s not passive. Like any non passive investment, I wouldn’t do it if there is no personal thrill for you.
Seasonality. This may sound obvious, but some months might bring in double or triple your mortgage. Others may bring in 70% of your mortgage.
Oversaturation in some markets
Being beholden to Airbnb and VRBO….your business is somewhat in their hands
Post: Cash-Out Refinance vs Selling Property (HELP NEEDED!)
- Posts 272
- Votes 253
To me, the sub 3 rate is of more benefit to you now than another property would be
Post: 2023 Airbnb Outlook - Are STR Hosts in Trouble? I Think Not
- Posts 272
- Votes 253
I saw the episode last week.
too many get focused on the near term micro trends. It can be fun to listen to.
But I’m a buy and hold investor. People like to vacation, perhaps even moreso now. I’m not worried
Post: Air DNA Accuracy
- Posts 272
- Votes 253
It’s a good start for evaluating a markets potential.
It does include cleaning fees.
Id also use rabbu, Airbnb, and awning, and triangulate all 4. Be conservative, come up with high and low bands. Evaluate if you can live with them.
seek out investment realtors and local property managers and you should take a lot of the mystery out of it
Post: Air DNA Accuracy
- Posts 272
- Votes 253
It’s a good start for evaluating a markets potential.
It does include cleaning fees.
Id also use rabbu, Airbnb, and awning, and triangulate all 4. Be conservative, come up with high and low bands. Evaluate if you can live with them.
seek out investment realtors and local property managers and you should take a lot of the mystery out of it
Post: Your strategy for laundry on str
- Posts 272
- Votes 253
We pay cleaners by the hour. We have 3 sets of bedding.in some instances, cleaner will run to laundromat, however that’s seldom. But if she does, it’s simply part of the hourly rate, which is super reasonable
Post: Beech Mountain STR Investment
- Posts 272
- Votes 253
Purely anecdotal, but I’m in a lot of GA/NC rental groups on Facebook, and I’ve seen a few report slow bookings in the ski are regions of NC. Could be a lot of factors besides location however
Post: Short term rental ordinances
- Posts 272
- Votes 253
Quote from @Emma Furino:
Hi Brandon,
Same thing is happening to me. Just purchased a home in the Poconos in September to be used as a STR, no ordinances at that time. I just come to find out in October they passed an ordinance stating no STRs. It was passed mid October to go in effect Jan 1, 2023. How can anyone make drastic financial changes in 1.5 months?
My entire mortgage is based on STR income and now I'm at a loss.
Did you get grandfathered in? Is there an application process?
Post: Reserves and Expenses for STRs
- Posts 272
- Votes 253
I'm still too new at this to be a great judge, but it almost seems the opposite. With so many cleans and eyes on things, it seems things can only get so bad before they are addressed. And, I can imagine that some LTR guests start to feel as though the place is their own, whereas an STR guest is coming in.....as though the are a guest in someone else's home.