All Forum Posts by: Gerald Pitts
Gerald Pitts has started 11 posts and replied 460 times.
Post: Italian Villa in The Great Smoky Mountains
- Lender
- Asheville NC
- Posts 466
- Votes 317
Congrats! Way to think out of the box!
Post: First STR New Build Advice :)
- Lender
- Asheville NC
- Posts 466
- Votes 317
I'm sure 70k is for Financing / DP..
Originally posted by @Scott K.:
Avoid HOAs like the plague. Avoid neighbors like the plague. I don't know how you think $70k is enough to build a house? Houses cost upwards of $200k-300k to build. Maybe if you built a really small one, but my insurance company has a 'cost to rebuild' that is pretty much equal to the cost it took for me to buy a place out there. Maybe I'm woefully uneducated on the topic, I'd love to learn more about that.
Besides the build cost, remember its going to be another $15-30k to furnish/retrofit the house depending on it's size. Also remember out in the poconos you have to install septic tanks/mounds which are very expensive. Make note of how large your septic tank is with regards to how many bedrooms you want depending on the county you're building in. Each one has it's own rules about STRs and septic.
Post: Long-Distance Investing While Considering Personal Relocation
- Lender
- Asheville NC
- Posts 466
- Votes 317
You could join CREIA, the reia in the Carolinas region. They're still doing a lot of virtual meetups due to covid.
Post: 3 guys tried to enter the Airbnb we stayed at last night at 1AM
- Lender
- Asheville NC
- Posts 466
- Votes 317
Wow, glad everyone is ok.
Post: Best books on vacation rentals?
- Lender
- Asheville NC
- Posts 466
- Votes 317
Danny Rusteen has a decent Airbnb book. Looking forward to Avery's book as well.
Post: igms Vs. Your Porter Vs. Smartbnb Vs. ?
- Lender
- Asheville NC
- Posts 466
- Votes 317
Yeah I'd just wait and see if your cleaner already uses RC or not. But YP is plenty imo. My new cleaners use turnover BNB which I've heard good things about and am trying out since they like it, but I'm having trouble with calendars not syncing correctly. So it's nice to have your Porter as a backup.
Post: igms Vs. Your Porter Vs. Smartbnb Vs. ?
- Lender
- Asheville NC
- Posts 466
- Votes 317
Originally posted by @Jay Mennel:
Love this thread - would love to hear what @Julie McCoy and @Luke Carl ended up with
just starting out with first property in wears valley - considering YourPorter but would love to hear any other opinions. Does yourporter have automatic messages to your cleaners?
It does text my cleaners, send auto messages to guests, create income reports, easier calendar interface than Airbnb. I say go for it. I think it's like $9 a month.
Post: Under Contract on first STR - Oak Island, NC
- Lender
- Asheville NC
- Posts 466
- Votes 317
If it's not too bad, I tend to wait on doing much rehab until slow season. In the Florida panhandle, I hear that is October through Feb. Not sure about your mkt.
Post: Airbnb rentals start-up!
- Lender
- Asheville NC
- Posts 466
- Votes 317
I would reach out to Stephen Frye, a realtor in Nashville that does a lot of Airbnb deals.
Post: AirBnB for RVs? Other outside the box ideas...
- Lender
- Asheville NC
- Posts 466
- Votes 317
Can the cabin be fixed up at some point, and generate more $$? make it unique some how? And research glamping. Robuilt on YouTube has made a ton of $ with this, I believe.