All Forum Posts by: Conner Olsen
Conner Olsen has started 23 posts and replied 1249 times.
Post: Are all AirBnb renters this entitled!?

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
Quote from @Nicole Heasley Beitenman:
I'd say this is the exception. Very rarely do we have guests like this. Keep a close eye on the review they post and double check Airbnb's review policy. I've had 5+ reviews taken down in the past year because they have violated the rules. Take it with a grain of salt, make some improvements if you want, and move on.
Post: Does anyone have experience dealing with placement agencies in Scottsdale?

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
Quote from @Alexander Knox:
Hello!
I own a mid-term rental in Scottsdale and do majority of my business on Zillow and Furnished Finder. Although these sites are great, I am looking for a more consistent lead pipeline. If anyone has experience working with a placement agency, travel nurse recruiter/placement service, I'd love to hear your suggestions on how to get in touch with them and/or share some contacts I could reach out to.
Thanks a lot for any help!
Check out Airbnb as well. We get great rates and stay consistently booked.
Post: MTR Start Up

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
First step is to find rental comps on FF and Airbnb to see if it's worth it.
Post: Seeking Mid-Term Rental Connections

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
Quote from @Matthew Perez:
Quote from @Conner Olsen:
Quote from @Matthew Perez:
I am currently operating my mid-term rental in Hollywood, FL. I did get my first guest, on AirBnb, who booked for 70 nights. While i'm happy, and relieved, I don't want to take my foot off-the-gas, and ensure i'm positioning myself for consistent stays. Ideally, I want more booking through Furnished Finder (to cut down on AirBnb fees), as well as direct from insurance providers, relocation specialists, etc. I reached out to a few companies via email, trying to introduce myself and my property, but haven't heard back yet. I know it's a slow burn, but if anyone has any recommendations as to who I should connect with, whether a business, or an investor in the Dade/Broward area, I am open to any and all suggestions, and I welcome collaboration.
Before you abandon Airbnb I would see if your rates are better on FF. I make an extra $300/month after fees on Airbnb. In my case Airbnb has the most eyeballs and getting me the highest rates, definitely not the same for all markets.
I agree. From a platform standpoint, AirBnb is too powerful. However, my goal is to have several avenues for bookings, so I am not solely dependent on AirBnb. Especially for MTR, I want to establish relationships with these companies to lock down my niche. While I would gladly accept an AirBnb booking, my property is less a vacation rental, and more a utility for traveling professionals/displaced families.
Totally get it, I'm in the same boat! It's great to have multiple lead sources.
Post: Sell or not to sell

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
Quote from @Shall Tu:
I have a rental property in Cedar Park Texas currently occupied by tenants. The recent-huge tax increase has left with negative cash inflow of about 200-300 per month. I think we do not have much scope to increase the rent as per our property manager. Should I sell it or does it have a potential to appreciate over time? I bought it in 2017 or 2018. If I sell it, I'll buy something near Raleigh, NC. Would that be a good idea?
It depends, do you need the cash flow now or can you wait? Do you believe Raleigh is a better market to purchase in or Cedar Park? How much equity do you have in the property, will it be enough to buy you a cash flowing property in Raleigh?
Post: How to use Rentometer / Zillow rental calculator on multi-families

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
Quote from @Kathy Diamond:
Hi all,
I'm looking to find information on how much a duplex can rent for. Rentometer lets users input the number of bedrooms and an option between 1 or 1.5+ bathrooms. Do I enter all the bedrooms in the duplex, or just for one unit? Duplex has 2BD/2BA for each unit, and each unit has an office space that can be converted to a bedroom.
Thanks,
Kathy
Rentometer is not a good way to calculate MTR rents. Are you planning on doing MTR or LTR?
Post: Mid Term List to Booking Timeframe?

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
Quote from @Jonathan Styer:
How long is everyone seeing between when they list their mid term rentals and when they get booked? Ours are jumping off the shelf, I'm telling clients we need more in our portfolio. I'm trying to gauge if this is a Columbus thing or if this is happening in other markets as well.
We are often getting places booked before they are even listed as we have multiple interested parties and we can move prospective guests around to fill any upcoming vacancies. I've heard the same thing from others who self manage in this market.
Average stay is 60 days, less than 10% vacancy across 5 units. Best one is at 2% vacancy
Post: Seeking Mid-Term Rental Connections

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
Quote from @Matthew Perez:
I am currently operating my mid-term rental in Hollywood, FL. I did get my first guest, on AirBnb, who booked for 70 nights. While i'm happy, and relieved, I don't want to take my foot off-the-gas, and ensure i'm positioning myself for consistent stays. Ideally, I want more booking through Furnished Finder (to cut down on AirBnb fees), as well as direct from insurance providers, relocation specialists, etc. I reached out to a few companies via email, trying to introduce myself and my property, but haven't heard back yet. I know it's a slow burn, but if anyone has any recommendations as to who I should connect with, whether a business, or an investor in the Dade/Broward area, I am open to any and all suggestions, and I welcome collaboration.
Before you abandon Airbnb I would see if your rates are better on FF. I make an extra $300/month after fees on Airbnb. In my case Airbnb has the most eyeballs and getting me the highest rates, definitely not the same for all markets.
Post: Renting by the bedroom to 2x unrelated tenants in the same unit? Thoughts?

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
Quote from @Kyle Curtin:
Hey guys! How do you guys feel about renting a bedroom in a furnished 2 bedroom unit with another unrelated nurse renting the other bedroom- 2 different tenants/leases in the same unit?
How do you typically navigate the harmony with the other person with cooking, getting ready in the bathroom, sharing cabinets/fridge space etc? Do you think it is worth trying out or not? I have noticed a surplus of tenants looking for 1b furnished units and haven’t gotten any for a whole 2b yet. 🤔
Thank you!
What's the rate difference between your 2b and a 1b. If it's similar enough just get one of them to stay?
Post: Mid Term Rental Management

- Real Estate Agent
- Austin, TX
- Posts 1,263
- Votes 941
Quote from @Jonathan Styer:
What is most important to you when looking for a mid term management company?
Our management company here in Columbus is rapidly growing, but I'm always looking to build proper foundations and would love to hear from investors on what they value. I'm of the opinion that service, communication, and hospitality are the most important piece of what we do.
B2B is definitely the most important in my opinion