All Forum Posts by: Claire Rosenberg

@Shahab Ahghari Really cool stuff you have going on! My recommendation is to call the city and they can send you the most accurate up to date information. 

@Matthew Richardson really exciting stuff! Haven't done arbitrage, but on the co-hosting side where I manage properties for homeowners. Airdna is definitely a great tool that people use to analyze what a property can make as a STR. My friend was looking at New Albany, IN for purchase and it has very low restrictions. It is super close to Louisville, KY too. Happy to help with any questions!

Hi @Andrew Freed I second utilizing Airdna to really understand the numbers. With STR's, we like to focus on total revenue versus occupancy. STR's can be very seasonal depending on the location, but the hopes are that you are able to make 2-5x more as a STR versus LTR. I have a full subscription and happy to pull a report on properties you are looking at. Feel free to send me a message and happy to help!

Hey @Wesley Myers I would recommend utilizing a dynamic pricing tool like Pricelabs. It sets the price based on the market and demand. This way you don't have to guess what the price should be and optimizing the best price for your STR.

Hi @Caleb Brown really exciting and definitely a great idea. House hacking is an incredible strategy to live for free and scale fast! I agree with others that you want to look at total revenue over the occupancy rate. Airbnb can be a very seasonal business, but you can typically make 2-5x more as a STR versus going the LTR route. I am on the co-hosting side and happy to answer any questions about self-managing!

@Jesse Watson really exciting stuff! I am on the co-hosting side, where I manage the property for the homeowner. I am personally located in NYC and then we setup local teams in place for cleaners, runners and handyman to make sure the property is always in tip-top shape. Happy to discuss self-managing and our services as well! Here to help with whatever makes the most sense. 

@Kyle Wingate really exciting! Have you run the numbers through Airdna for a STR? That is a great site for market research and tells you how much your STR will make along with comps. As far as a LTR, I would reach out to realtors to see if they have additional insight on any comps in your area.

@Brian Denvir will send you a PM!

@Mike Cichy condos can definitely be like that unfortunately! You just don't want to run into a situation where the condo finds out and shuts it down. I would recommend looking at other areas that don't have those restrictions in place. 

@Account Closed I vote for option 2 and all about scaling up for more investments! As far as management, 20-25% is definitely a standard rate if the property manager is doing everything. I am on the co-hosting side and we manage everything for the homeowner, so they can just get a payout each month. You can definitely learn how to self manage. It is all about having your systems in place and having a rock solid team to be your eyes and ears for your property. Having amazing cleaners are the lifeblood to any successful Airbnb. Besides cleaning, they will restock and let you know of anything that needs to be fixed. From there is is just a call to a handyman to fix whatever is needed and submit a claim to Airbnb. You can set up automatic messages, dynamic pricing and security systems as well.