All Forum Posts by: John Majoris

Hi Steve Miklashevskiy,

Yes, I'm in Clinton. We're looking in the Poconos.

What do you do regarding sheets and towels?

Do you charge an extra guest fee?

Do you find hot tubs worth it? 

Thanks!

Thanks Josh!

Hi Josh,

How accurate do you think the Airdna and Pricelabs data is?

As a self manager, how'd you find a reliable cleaning company?

Do you recommend a minimum stay? I'm thinking 2 nights...

Thanks Josh!

Hi Allie,

Exciting times!

Lookup Robuilt on youtube for all the info you'll need on an airbnb business. BP Podcast 492 as well...

Good luck, and let us know how you do.

John

Hi Pat,

Have you checked out Airdna or Pricelabs for STR data? I find their info makes decisions easier...

Good luck

John

Hi Rakan,

Robuilt on youtube is a great start to learn the Airbnb business.

Airdna.com and Pricelabs.co are your best sources of data regarding STR in specific locales. I wouldn't consider investing in a STR without that data...

Good luck, and let us know how you do.

John

Hi Jonathan,

We use Tracy at Lot74 to manage our property in Bethlehem, and recommend her without reservation. I'm in Hunterdon NJ, about 40 minutes away from Bethlehem, and I was going to manage the property myself. I determined that I could not offer the same level of professional service that a property manager can, so I decided to use one. 

I found Lot74 through my broker Brandon. It's a crazy time to hire contractors, and Tracy's contractor connections have been a godsend with the numerous repairs we had to make. 

Moving past initial repairs, I'm all about attracting quality tenants and servicing them so well that they are reluctant to move. For me, it's well worth the 7.74%.

Good luck!

John

Hi Melissa,

Both

AJ Kerekes for roofing - Lindsay

&

Lot74 for property management - Tracy

Have been a big help to me!

Hi David,

I use Tracy at Lot 74 Property Management to manage our twin purchase in Bethlehem, and she's been a godsend. Most of the responses you've received have been in line with her thoughts on best practices, so you're in good hands.

Our purchase came with window AC units so I had her handyman secure them and make sure they were draining properly. It goes in the lease that they are not to be removed.

Lot 74 does quarterly inspections, and I'll ask the inspector to check them along with the oil tank level. When it's below a quarter tank, I'll have it filled and they'll bill the tenant.

We also have a storage shed in the back yard and don't charge extra for it. What if you charge extra and the tenant decides they don't want it? I'd rather have it included as value. Lot's of small value add ons help keep the tenant happy, and hopefully they'll stay for many years.

With todays work at home hybrid, an office (or playroom/TV room) in the attic would be a nice feature. Work the numbers and see what kind of ROI you'll receive. If you're going to finish it, now's the time.

Good luck!