All Forum Posts by: Dave Stokley

It’s on their website here: https://www.airbnb.com/airbnb-...

Ultimately though I agree with @John Underwood and many of the other investors on here that it’s not a smart strategy in the vast majority of cases. For these particular apartments, many have a restriction on how many nights they can be rented and will never be profitable. Bigger picture, it’s risky and doesn’t build equity, so it’s basically just another job.

I think @Luke Carl is right that you need to hire some boots on the ground, whether that’s an employee of your own or a PM.

My company manages about 60 units. In addition to me and my business partner, who try to work mostly ON the company, we have 4 full-time employees who run the day to day. We use a cleaner management app called properly where cleaners report low inventory and other problems, and the cleaner manager orders supplies. We use Asana for maintenance management and our maintenance manager either fixes it himself or contracts it out.

And we’ll be on Luke’s podcast soon so go check it out to hear all the details!
 

Since people cannot actually see the stars given by the reviewer I'd remove the part about not warranting 5 stars. Before you point out what you've fixed I'd just say something like "For the information of future guests, we wanted to share the following:..." Otherwise I think it's fine.

Quote from @Julie Chai:

Quote from @Dave Stokley:

Hated it. Bad guests, difficult to get paid. 

 My exact first experience with booking.com!  I'm assuming you don't use them anymore?

Absolutely not.

Hated it. Bad guests, difficult to get paid. 

Lots of good markets around there. We manage places in, Geneva on the Lake, portage lakes, and elsewhere that do great. Call or dm me if you want to discuss.

Quote from @Wilson Vanhook:

Quote from @Dave Stokley:

It’s what, like $100 for a monthly plan for a specific city? If you’re not willing to pony up for that you might want to reconsider getting into STRs. 

They probably want to analyze multiple markets and that adds up.

Yep, and I still say pay up. As a paying customer that gets a ton of value from Airdna I want their business to be successful so they can continue to be a good resource, so giving away my credentials doesn’t make a lot of sense to me.

It’s what, like $100 for a monthly plan for a specific city? If you’re not willing to pony up for that you might want to reconsider getting into STRs. 

Life advice: read contracts, especially for expensive services.

Same thing is going through Ohio. House Bill 563.