All Forum Posts by: Eric Paul

@Andrew Wong can you recommend web sources to review and explore for STR corporate / healthcare housing? I was thinking about getting into airbnb next year, but would rather provide a furnished rental to the professional / corporate customer.

@Kevin Lefeuvre if they post a negative review, you have the guest screenshot stating"all is good" as well as the time stamp on the receipt for the purchase of the 2 AC units showing your intent to cure the heat issue with the guest. 

If anything less than a 5 star review should post of their stay, you now have the data to contest it and hopefully have it removed.

https://kit.com/ShortTermRentalSecret/short-term-r...

Hi @Mindy Jensen, I follow Short Term Rental Secrets on YouTube and Facebook. Richard does a great job focusing on short term rental success. Check out the link for items recommended to include in furnishing the rental. I think he would also make a great guest on an upcoming BP podcast. Hope this helps! Eric

Hello! I live in a mixed facility master planned community (condos and SFH), and was considering converting my single family home (3BR/2.5B) into a short term rental. In looking at CC&R's they allow for long term releases (> 6 months) only.

Has anyone here had any success in applying for an exemption to allow for STR? Like @Kevin Coggins, I would be giving up a fair amount of revenue by going the long term route. Any guidance on process recommendations would be greatly appreciated.

@Kevin Lefeuvre thanks for laying that all out! Great advice and I'll start capturing the local data between airbnb and vrbo for similar properties.

@Kevin Lefeuvre, I was thinking of subscribing to airdna (investment explorer) for one month to obtain occupancy and revenue data make a go/no go desicion between a short term rental or long term. I like the potential gains of the short term model.  Mashvisor seems to have better subscription pricing. Do you feel these are a waste of time completely? It is frustrating that I can only see current day and a few months of booked data per property on airbnb / homeaway.  I was hoping that better historical data would indicate potential success or not within my zip code.

@Travis Eckert Your next spot? If you could find a nice deal a little further north near Asheville, you'll get the inflow of the Biltmore Estate visitors pretty much all year round. That and the general Blue Ridge / National Park crowd.

@Andrew Leedom was thinking of the same set up in the Atlanta area.  I read that some members use "Air DNA" to get a sense of the market activity in an area. I wonder if any orher BP members use this service or can recommend a course of action to obtain occupancy rates and historical data by zip code.

Thanks @Matt Mayo, I did not consider using the FHA option again in the second purchase. That's going to open up some possibilities.

@Marian Smith @Brian Boren, that was one of the questions I had about my current home whether to convert my current home to a short term / long term rental. The question is: do I convert my FHA to a conventional loan and sacrifice cash flow or focus on using the rental income to build equity by eliminating MI through the conventional loan?Has this come up before as a key concern? Any recommendations?