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All Forum Posts by: Collin Hays

Collin Hays has started 119 posts and replied 2497 times.

Post: Short term/vacation rental property management fee breakdown

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526

It all depends on whether or not you want to operate ethically.  The management company space is crowded with mostly unethical people who are ripping homeowners off.

As for my company, we charge 25 percent of rents.  Most management companies have also begun the practice of charging hefty booking fees that they do not share with the owners.  It's called rent shifting.  It's very unethical but most homeowners haven't the slightest clue.  Go to youtube and type in "vacation management companies exposed" for a short explanation.

Most management cos also mark-up repairs and use their homeowner clients' cabins for up to 2 weeks a year for "administrative and marketing" purposes.  In other words, they use two weeks to barter for various goods and services.  I know one fellow who used a client's cabin for "administrative" purposes for several truckfuls of firewood as an example.  Same guy gave away one week per year of a client's cabin for a fellow to mind and manage his salt water aquarium. Goes on all of the time.

I've got better things to do with my time than rip people off.  But those are pretty standard practices in the industry.  

Post: Any corona virus inpact on your STRs currently?

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526

All of the “I told you so’s” are coming out of the woods here!  You were a lot  smarter than Dr Fauci!

“It isn't something the American public needs to worry about or be frightened about, because we have ways of preparing and screening of people coming in [from China]," 

National Institute of Allergy and Infectious Diseases (NIAID) Director Anthony Fauci.

Post: Cabins open or closed during Governor order?

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526
Originally posted by @John D.:

@Collin Hays people travelling distance for temporary stays, that are not essential, means they are likely being less socially distant then if they stayed put, and is the behavior most are recommending is stopped.

I'm not sure where your vacation rentals are, but many VR areas are not accepting non-locals as the areas have fewer hospitals and related capacity, so a surge in people escaping cities would overwhelm local resources and hospitals.

You have a bizarrely cavalier attitude in this wildly unique time.  Peoples travel, and behavior, is tremendously important in this very unique and important point in time.  Please don't diminish it's importance in helping stop spread contagion.

 Don’t take me too seriously.  I have a very dry sense of humor.  Laughing a little is good balm right now.

Post: Cabins open or closed during Governor order?

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526

Yeah I don’t see that letting folks stay my cabin is causing the spread of COVID.  As long as they are staying inside - playing board games, naked twister, watching movies, etc., no harm no foul.

Post: Cabins open or closed during Governor order?

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526
Originally posted by @Stephen Ray:

I went from 95% booked to completely empty for April. Originally I lowered my prices to try and attract some last minute traffic but I ended up just blocking out most of April. The whole shelter in place is to try and squash this thing from lasting indefinitely. If it was for health care or first responders that needed accommodation it would be one thing but people just bored wanting a change of scenery isn't really "essential" of course my decision was easier because the whole month cancelled anyway.  

COVID isn’t going to be quashed this side of a vaccine.  As soon as social distancing subsides, it will flair up again.  

If social distancing was really the answer, you wouldn’t be driving around seeing Walmart and Lowe’s still open. Nor would there be any travel, subways, or buses.  Give me a break.  

Post: Cabins open or closed during Governor order?

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526

I consider all of my guests essential.  So there's that.

Post: Cabins open or closed during Governor order?

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526

A cabin is a house.  I have no issue with folks sheltering in my cabins - they’ve got to shelter somewhere - night as well be at my places.

Post: Any corona virus inpact on your STRs currently?

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526
Originally posted by @Elisabet E Manasanch:

@Collin H.

I cannot believe anyone in this forum saying this is fake news! I already knew 5 weeks ago that this was a bad pandemic! How did the government not know and go on TV to say that is a hoax and fake news? You all need to stop using the word fake news as a blanket statement every time you see something that you don’t like or you don’t understand!

One of the toughest things I have ever seen in my life is the president go on TV and lie about this to our faces when I knew what he was saying not true in an issue that kills people.

We had very good reports from China and Europe by January /early February about how serious this was and nothing was done- plus people like you in forums just repeating the false mindless message of “it will just pass around here”... bla bla bla... “it’s fake news”...

Covid19 is very serious people - you better all be sheltering in place. People are dying alone in hospitals because loved ones are not allowed in to see you at all. Babies have died. Young people- doctors and nurses,etc.

Have some respect and apologize for being part of the problem why this is so out of control right now.

The economy will recover, STRs will be fine. Of course many cancellations and companies shutting down. Less revenue. Financially tough right now. But this will recover. If you die in this pandemic however, you are going to die completely alone and you are not coming back.

Hopefully it doesn’t get to hundreds of thousands of dead people... it could get there if people don’t stay at home.

Obviously that was a full month ago and I was dead wrong.  My apologies.

Post: Airbnb Breach of Contract Class Action Petition

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526
Originally posted by @Mary M.:

@Collin Hays every one of those allow cancelation with no penalty so not sure what your point is ? 

Honestly, instead of worrying about things you cant change, work to figure out a way to get thru this intact.  Rent your places as furnished long term rentals. Rent to nurses, do something to help yourself. 

Honestly I'm not worried about it because I don't use the AirBnB platform.  This being a discussion forum, it is helpful to know, however, what all of the fuss is about.  As I said, cancellations and refunds aren't the issue per se.  The issue is who is an insurer.

Post: Airbnb Breach of Contract Class Action Petition

Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Property Manager
  • Gatlinburg, TN
  • Posts 2,533
  • Votes 3,526
Originally posted by @Mary M.:

@Collin Hays but you didnt lose anything. Nobody stayed in your rental and not pay. All you lost was a booking. 

And its not like that booking that got canceled blocked someone else from booking. 

So really you lost nothing. 

Also, you absolutely should NOT be allowed to keep a guests money if they are told, by the govt to not travel. 

It doesn’t really matter why a reservation is cancelled; there are a myriad of good and valid reasons to cancel a plane trip, house rental, or appointment with your shrink.  

This is about insurance and indemnification.  Homeowners are not insurers.  If you are Airbnb and selling trip insurance, then step up as the insurer and pay claims.  You don’t skirt the very insurance you are selling and place the homeowner in a position of insurer.  

Airbnb’s contract needs to explicitly explain to hosts something like the following:  “You agree that the trip insurance we are marketing is actually just a profit center for us and we don’t pay claims for valid cancellations, but we instead are going to place you, the Host, in the position of insurer for cancellations as it suits us.”