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All Forum Posts by: Chris Mury

Chris Mury has started 4 posts and replied 170 times.

Post: Doing a STR/Airbnb for only 9 month...Is it possible?

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100
Originally posted by @Owen Mitchell:

@Nancy Bachety Thx a lot for the advice, especially the locations your giving me some good starting point to go off of, loving it 😁👍🏾

@Michael Baum Thx for the encouragement 

 I agree with everything Nancy said although I'm obviously biased as I'm a St. Augustine Investor and Realtor! This would be the perfect market to achieve your goals, Owen. Good luck with your search and let me know if there's anything I can do to help.

Post: 30 Day Minimum Stay Restrictions

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100

I guess it's dependent on the individual investor but I would shy away from a 30-day minimum rental term if short term rentals are your plan. I personally only only buy where nightly rentals are permitted and shy away from even a 7-day minimum term. I feel like you're closing yourself off to so much of the market with a 30-day minimum.

Maybe you can tell us more about the property you're looking at? Has it been a rental before? If so, does it have a track record of success?

Post: Self storage florida

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100
Originally posted by @Brandon Hobbs:

@Drew C Grossman I am in St Augustine and in the storage business.  I would second the previous comments from @Zach Quick and @Scott Krone.  Happy to help any way I can.

Brandon, do you own self storage in St. Augustine?

Post: St. Augestine Florida short or long term rental

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100
Originally posted by @Orion Izzard:

@Dimitri Paspalaris Thanks Dimitri, I’m leaning toward long term because less headache. If you have a trustworthy reputable Rental Management Company you’d recommend I would appreciate that.

 Orion,

I recommend Steven McGwire at Walter Williams Properties. I'll DM you his info. Great local property management that's been doing it for a long time.

Chris

Post: Robust Vacation Rental Software

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100
Originally posted by @Holly Hudson:

@Chris Mury  Thank you. Think I'm going to have to give them a try also. Just a bit leary of learning a new program when the one I'm on is driving me crazy. Another question: how do you send your cleaners the schedule? I thought I had it set up correctly in porter but my cleaners said the way they receive it is too confusing so we went back to screen shots. Till that calendar went away also :-/

 This is what I do:

https://yourporter.com/feature...

My cleaners get an automated message when I get a booking and a reminder the day before check out. Spend some time getting to know the “Tasks” and “Message Automation” sections of Your Porter and it will make life much easier. 

Post: Robust Vacation Rental Software

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100
Originally posted by @Holly Hudson:

@Cliff H.  Thank you for the info you gave @Chris Mury  I have been trying to find that myself for sometime. Will give it a try.  

Also, are you still using yourporter and have you had any issues with it recently? My view of the properties by the month is gone. I contacted them and they said they just added upgrades and that got deleted but they are working to bring it back. I do not know what those upgrades are. 

My nightly rates are not updating even when I raise the minimums. I have to do every night individually. Airbnb and yourporter blamed the other. I've disconnected several times hoping to reset it but no luck.

Wondering if anyone else has the same issues.

Hi, Holly. I haven’t had any of those issues. I use Price Labs so I’m not manually controlling pricing. Hope it all gets resolved for you soon. 

Post: What’s the average cleaning cost

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100

I'm paying $70 to clean my 1/1 units in St. Augustine FL. I'm probably overpaying but my units are super-clean and my cleaners are happy. I think there's something to be said for that.

Post: How We Automated and Streamlined Our Short-Term Rental Business

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100

Wow! You've given me a few things to think about. I'm using some of these tools but not all for our small portfolio (3 listings). How large of a portfolio are you managing? 

Post: Robust Vacation Rental Software

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100
Originally posted by @Cliff H.:

Hi @Chris Mury sure. It’s an advanced messaging template setting inside of Porter’s automation rules engine where you can set a message to only go out if the day before, after, or both before and after are available. Historically I combined that with the max duration flag because I was targeting weekend renters, but I suppose you could use it for really any length reservation. See the “availability” paragraph in their user guide below for an overview: 

https://yourporter.com/how-to/...

While it takes some time to think through what’s possible with these PMS’ automation rules, once you think about how you can use them to narrow your target audience it really unlocks a lot of potential for incremental revenue increase. Hope this helps!

 Thanks, Cliff! Super helpful!

Post: Buying a unit in an existing “condotel”

Chris Mury
Posted
  • Realtor
  • St. Augustine, FL
  • Posts 178
  • Votes 100
Originally posted by @Jon Mason:

We’re considering buying a unit in an existing building that is considered a “condotel”, in that there is on-site management. You’re not required to use the on-site company and we probably wouldn’t. Also, we’d be buying this as a second home without the expectation of making huge money off of it. If we break even I’d be happy.

We have a tentative accepted offer but the seller is concerned that we may not be able to get financing because of the “condotel” thing. Honestly, I hadn’t heard the word condotel until 5 minutes ago, so now I’m sort of concerned that we don’t know enough about this to move forward.

Will we have a difficult time finding financing? And are the down payment requirements different for these? Any other concerns we should be aware of prior to buying one of these units?

 Most “condotels” I see here in FL are cash-only deals so the owner may be correct.