All Forum Posts by: Dave Stokley

Hire an interior designer. It'll save you tons of time and you'll get a great product. 100% worth the investment.

As I've said in other threads I think the opportunity is to get to know a market really well and identify the micro-niches that will be attractive in this more competitive and potentially economically bad environment.

We strongly prefer larger, higher-end properties in semi-local/drive-able vacation spots.

Quote from @John Underwood:

This seems to get asked weekly.

Yes some areas are definitely oversaturated. You have to set yourself apart from the competition. 

 Some areas are over-saturated, but there are many micro-niches that people with local knowledge can exploit. The key is LOCAL KNOWLEDGE. Remotely investing in the Smokies or some other hot market that everyone knows seems pretty risky to me at this point. I'm in Cleveland, which sounds like (and generally is) a boring market, but I see lots of niches that can still be very profitable. I'm sure the same is true for just about any top-100 city if you know the market well enough.

Yeah I think a lot of places are getting over-saturated. At BPCon in October I honestly think that every single person I met either owned one or was planning to buy one.

Curious where you are seeing evidence that the travel nurse market is "ever growing." My understanding is that that market is actually shrinking as demand abates "after COVID." It doesn't make sense to me why a hospital would pay a nurse's salary AND their cost of living if they could just hire locally, so I feel like long-term this trend will decline. If you google "travel nurse industry" you will find tons of articles about it, with varying outlooks.

Depends on what the contract says.

Take the L and move on with your life. Leaving a review detailing your experience can be cathartic. 

As a member of the Airbnb community you have an obligation to leave honest reviews for both guests and hosts. The whole system is built on mutual trust and accountability.

Looks like if you had bought directly from Zinus they would have given you a full refund and paid for you to ship it back.

We only use Wayfair brand memory foam mattresses and get rave reviews on them. They are by far the most complimented thing in our units.

Also, highly recommend Ghost Bed All-In-One Foundations. Super durable and look good.

We proactively offer late checkout/early checkin at most of our places, capped at two hours. We charge $25/hour, which sounds low compared to some of you! We don't allow it at larger places that take 4+ hours to clean.

Quote from @Tyler Solomon:

Quote from @Dave Stokley:

Building and syndicating deals in niche destinations.

The syndication piece of this is interesting. I inquired about this a while back on the forums, are you syndicating STR's? If so, what are the biggest hurdles associated with this?

 I have not built nor syndicated a deal before. This are big stretch goals for me in 2023.