All Forum Posts by: Tim Schroeder

I wouldn't. It's not going to benefit you and it could get you pulled into a legal mess of some kind. Unless they explained why and it was a good reason and you felt it was justified.

 Both sites charge the same 3% amount. AirBNB calls it a booking fee, VRBO calls it a credit card fee.

What do you mean? A way to get it for less than 3%?  Or the best way to get it at 3%?  I doubt you'll find anything much under 3.

As people said above, learn it first then do it. There are many. many threads on this subject. But once you learn the basics, it can be very profitable - much more than LTR's - but a lot more work. However, some of that work is work you can mostly do from a smartphone lying on a beach. Other times it's a PITA.

Of course

$250K will buy you a nice 1br with a loft (which rents as a 2br), and gross revenue will be higher than that if you self-manage. But Lucas Carl can (and will) tell you more and has better information than me.

Do you have an HOA? HOA's are common in Denver, and they frown on AirBNB big-time.

Bear in mind that AirDNA data will be a LOT less useful in markets where VRBO is the leader.

I almost forgot a great trick I want to share. Anyone who has a Smart TV, Roku, AppleTV, etc probably knows that you have to activate most of the popular channels (History, NatGeo, PBS, FoxNews, HGTV, CBS/NBC/ABC/CNN/etc) using a cable provider account. One of my rentals has Spectrum Cable. Spectrum also provides a Roku app that, when you login with the Spectrum account credentials, gives you access to most of the good channels. And they let you can create a limited-access account that doesn't let people access your billing and service information, but does let them access all these channels. So, get Spectrum at one property, and use the limited-access credentials to provide all the other properties access to the good channels on Roku's, for free.

 No offense, but those aren't the channels people want to watch  :)