All Forum Posts by: Gerald Pitts
Gerald Pitts has started 11 posts and replied 460 times.
Post: Standing Out In Your Market
- Lender
- Asheville NC
- Posts 466
- Votes 317
I decided I'm going this route. Happy Halloween!
Post: Lake Norman, Mooresville, NC - In contract for our first STR!!!
- Lender
- Asheville NC
- Posts 466
- Votes 317
Love Lake Norman, congrats! Would love to hear updates on progress as well!
Post: Standing Out In Your Market
- Lender
- Asheville NC
- Posts 466
- Votes 317
Quote from @Anthony Catoni:
Quote from @Gerald Pitts:
Quote from @Anthony Catoni:
Quote from @Dave Stokley:
I gotta say, I kind of love the cowboy pool now. Learn something every day.
They're unique and pretty cheap to set up. You can actually connect an RV water heater to them and convert them to a hot tub type situation. Can be a vibe for sure haha!
Even better! For the right property, I think it totally makes sense.
Post: Vacasa for short term rental property management
- Lender
- Asheville NC
- Posts 466
- Votes 317
If you want a 2nd home here for sentimental reasons, that's one thing. If you want to make any money, Vacasa is not the way. If you can't find good boots on the ground, you just won't be successful here. Not getting called back / and major Vacasa presence...These are both big red flags to me. Find a place with more infrastructure for cleaners / handymen, and find a good cohost or self manage. You can go visit the sentimental place with all the cashflow you make.
Post: First Time STR Buyer Questions
- Lender
- Asheville NC
- Posts 466
- Votes 317
I would say don't get too caught up in this fee or that fee. Plug it into your numbers, and if it still works, pull the trigger! I try to focus on the bigger picture / scaling to more properties. At some point, if you take a $100 cashflow hit for a rando fee, it hurts less if you have scaled to 10-20 properties. Congrats on your first buy.
Post: Standing Out In Your Market
- Lender
- Asheville NC
- Posts 466
- Votes 317
Quote from @Anthony Catoni:
Quote from @Dave Stokley:
I gotta say, I kind of love the cowboy pool now. Learn something every day.
Post: Neighbor Competitor Books Place to Leave Negative Review
- Lender
- Asheville NC
- Posts 466
- Votes 317
Quote from @Kyler J Sloan:
Something interesting happened today.
A person who booked my place claimed it was too steep for their AWD to climb, which was a red flag to start because she should have had no trouble. A number of other signals got me suspicious. It became clear to me that she never had any intent on staying there.
I researched the names of the neighboring competition, and it turns out that my neighbor who also has her place listed on Airbnb shares this guests’ first name. So, I researched her, and the photos match her Airbnb profile photo. She simply got a divorce, and got to keep her husband's rentals, boat, etc. and this is why her last name differs.
Obviously, she is trying to damage her competition and that is why she chose to book my place.
How would you respond?
Post: What're your thoughts on Airb&B arbitrage?
- Lender
- Asheville NC
- Posts 466
- Votes 317
Quote from @Rehaan Khan:
Hello,
I've been thinking about getting into short term rentals? Particularly airb&b arbitrage. For those of you who tried it, any thoughts? tips? regrets?
Cheers!
Check out TJ Tijiani, and The Fearless Investor.
Post: Philipino VA to help with Bookings
- Lender
- Asheville NC
- Posts 466
- Votes 317
Virtual Staff Finder will help screen VAs for STRs.
Post: Short Term Rental Software
- Lender
- Asheville NC
- Posts 466
- Votes 317
Guesty for PMS
Pricelabs for Pricing Tool
Rankbreeze for rankings
Some use housecleaner software like Resort Cleaning or Turnover BNB.