All Forum Posts by: Dave Stokley
Dave Stokley has started 13 posts and replied 658 times.
Post: Top Ten Cities for STR revenue collapse
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
https://twitter.com/Jamie_Lane/status/1673866745730437121?s=20
Post: Married @ STR
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
Have you tried looking on VRBO?
Post: Selling a STR, furnished or not, list with agent or not?
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
If you don't have enough time to manage the STR you probably don't have enough time to sell all the furniture separately, so I'd definitely sell it furnished. Will you get fair market value that way? Probably not, because the vast majority of buyers aren't STR investors who value it like you do, but it's efficient.
Personally I'd use an agent, again because selling real estate is not the highest and best use of my time.
Post: My Own Calculator - need a review please
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
Happy to help. Most of us are. Can you just post it publicly?
Post: How to work around strict STR laws?
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
Quote from @Nathan Crankfield:
Well I certainly agree that's the best option. But there are usually creative ways to follow the law, which I look for in cases such as these where the laws seem unjust. It's not the proper role of government to dictate what I use my personal property for so long as it doesn't infringe upon the rights of others.
There are potential workarounds like maybe getting exceptions from the city (if possible) or maybe leasing my current home out to someone for a discounted rate to run the Airbnb in the basement for us. If it would be in their name, it technically would be following the law as it would be their primary residence.
Check out Rent Responsibly. They offer resources for hosts to try to work with cities to get laws changed.
Post: How to work around strict STR laws?
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
Quote from @John Underwood:
Best thing would be to follow the law instead of skirting the law and hoping for the best.
Post: How to analyze profit and loss with 20 rooms hotel/resort style STR
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
There's a hotel data company called STR (ironically NOT for short term rental!) that will run custom reports for you. We used it when we were considering buying a boutique hotel. Good data.
Post: Short term rental consultation?
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
Ruben Kanya is an expert on the Atlanta market and offers consultations: https://calendly.com/rubenkany...
Post: How much will you take for managing an Airbnb?
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
Quote from @Michael Baum:
So every PM that I have talked with includes the cleaning fee and up to a certain amount of general maintenance and repairs in their fee.
I guess each and every PM would be different. @Dave Stokley?
Cleaning fees are billed back to guests. We cover the cost of quarterly deep cleans.
We cover basic preventative maintenance like changing furnace filters and smoke detector batteries. Everything else is billed back at cost. We do the work of coordinating it.
Post: How much will you take for managing an Airbnb?
- Rental Property Investor
- Cleveland, OH
- Posts 676
- Votes 793
25%