All Forum Posts by: Bryant Xavier

BP Community,

I’ve been struggling with dreading my 9-5 every time I wake up. I work in local government specifically in Parks & Recreation and the job is a lot like the show; very uneventful and there are countless hours of downtime. I find myself counting down the hours until I get to go home and work on my projects on my investments.

Financially, I’m at the point where I have almost entirely replaced my W2 income with my income from my STRs. Every time I go to put my 2 weeks in, I catch myself over complicating things and end up putting it off. This has been going on for 3 months now, and my main issue I’m running into is trying to figure out how will banks make loans to me if I don’t have a W2. Who has experience finding loans without W2 income? How different is the loan process without the W2?

Thanks in advance.

Hey, BP Community.

Vacation rental owner / property manager here.

I have always liked the idea of hosting content creators in our vacation rentals in exchange for some posted content advertising our properties.

Has anyone had any experience doing this? What’s the best place/way to approach these types of people?

Thanks in advance.

@Richard Tran

What does this management fee cover?

@Dylan Hunter

What’s up, Dylan! I’m located here in Aggieland, too. I’ve been an Airbnb host here in the B/CS area for about 2.5 years now. We’re looking at having about 11 units under management by this fall. I love short term rentals because of the high cash flow, flexibility with the property, and I love showing people how special Aggieland is.

If you’re ever curious about short term rentals, or want to bounce any ideas off of me, I’d love to connect and help where I can. Looking forward to it!

Bryant X.

@Kevin Young I really like Pricelas for helping me with dynamic pricing. I have 5 properties to price and with them varying in location and size, it’s very difficult to manage the pricing and stay competitive. I appreciate how much you can adjust settings in pricelabs. I have adjusted my settings very intricately and it’s served me well. My suggestion would be to watch as many YouTube and tutorial videos as possible to fully understand and get your money’s worth. Otherwise, worth the subscription I’d say.

I use TurnoverBnB for scheduling, communication and I pay my cleaners weekly via TurnoverBnB. Cuts down a lot of communication with the cleaning crew.

Hey, BP Community.

I'm in the process of buying my first house here in College Station, Texas. My plans are to buy a single family that is in need of just a little bit of work and do a live in renovation for a year or so. After renovations, my plans are to occupy the unit with long term tenants, or convert the unit to a STR depending on the location of the home. I'm working with about 160k in buying power and planning to put 3-5% down. I'm putting an offer on something this week, but I know it already has a few offers.

My question is, now what? What can I do to leverage my offers to make them more desirable? Any tips and tricks for this stage of the buying process? 

Thanks in advance!

Bryant X. 

Hey BP community!

How are you adjusting your short term rentals for 2021?

It’s safe to say that traveling patterns are a little different this year. I’ve noticed a good amount of my guests are traveling medical professionals, people working remotely, and even locals just looking for a quick local getaway. With this being said, I’ve also noticed that not very many people (in my area at least) aren’t altering their short term rentals to be more accommodating to their new market of guests. What are some ways that you are making your home more suitable for these different type of guests?

@David Schmiediche super interested. Know when & where yet?

Where do you guys find off market deals? I’ve been looking for some the past few weeks and I’ve found a few from local wholesalers in my area, but I was wondering if there was a better place to find off market deals. Thanks in advance!

Bryant

@Kameron Yellin howdy, Kameron! I'm an Airbnb property manager here in College Station, and id love to help out. I have 3 little cottages located right underneath Kyle field (.5 miles away from the front door) and am in the works of adding 5 more properties to the STR portfolio. I'm very familiar with automating Airbnbs in the area as well as the new STR regulations that just passed here in Aggieland. I'd love to connect with you & help out anyway possible.