Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Germán Rimoldi

Germán Rimoldi has started 20 posts and replied 46 times.

Would love to get your perspective on this.  

If you decide to move forward with Airbnb arbitrage, ensure that you have a legally binding agreement in place that outlines the responsibilities of both parties. Clearly define the terms of the arrangement, including rent payment schedules, maintenance responsibilities, and any penalties or consequences for breaches of the agreement.

It can be beneficial to outsource this task to a virtual assistant or a specialized cold calling company. Virtual assistants can handle the calls while adhering to a script or guidelines provided by you. Make sure to communicate your expectations clearly and set specific targets for the number of calls to be made. Alternatively, working with a reputable cold calling company with experience in the vacation rental market can also be a viable option. Look for reviews, testimonials, and case studies to ensure they understand your target audience and can effectively represent your property.

Regardless of the outsourcing route you choose, it's important to define your target audience and craft a compelling script that highlights the unique features and benefits of your vacation rental. Personalizing the conversation and building rapport with potential guests can increase trust and booking rates. Following up with interested leads and monitoring the performance of your cold calling efforts will allow you to make adjustments and optimize your strategy over time. Remember to complement cold calling with other marketing tactics, such as online channels and customer referrals, for a well-rounded approach.

Since you mentioned that the market may be saturated and prices are high, it would be beneficial to connect with individuals who are invested or working in the area. They can provide insights into the current trends, demand, and any recent changes in regulations regarding STRs. Local real estate agents, property managers, or even online forums dedicated to Big Bear can be excellent sources of information.

Considering your proximity to Big Bear, it makes sense to have your first rental property within driving distance. Being nearby will allow you to be more hands-on and manage the property effectively. However, as you mentioned, Southern California might not be the most favorable market for various reasons. Conducting thorough research and consulting with local professionals will help you make an informed decision regarding your investment.

Remember to consider factors such as ongoing expenses, maintenance costs, and potential rental income when evaluating the viability of an STR investment. Ultimately, gathering information from people with experience in the area will provide valuable insights to guide you in making the right decision.

Good luck with your endeavor, and I hope you find the information you're looking for!

Hey wondering if any of you can share some experiences of owning a condo that you STR in USVI. The feedback I've received from my broker is the following:
Quote from @John Carbone:

Perhaps this works is specific locations, but someone here in the smoky mountains built 3 treehouses, ,and for the most part they did a really good job on it.....result has been a disaster. I have checked their calendars for the last year and their occupancy is literally below 20%. As a result, they have tried to sell the property, after 3 months no bids, just last week they lowered their asking price by 25%. Their whole summer is empty with no bookings even at only $100 asking price and still nothing. Just something to think about. 


 What do you think we can learn from that experience? Do you link for Airbnb so we can try to understand?

Quote from @Michael Baum:

I wonder how well a tree house would survive in a hurricane...

It can be properly built. I have invested in treehouse resorts though getfoothold.com/unique

Quote from @Bjorn Ahlblad:

This is well presented but I am wondering if there is a miss calculation there somewhere. 11% IRR is simply not enough to cover this huge additional risk for a REI. At least not for me.

Should be than over 11%, compared for example, with Brazilian Bonds. I think 11% is cost of capital, for projects of this sort. 

Prices for real estate in Argentina are at historical lows.

I'm building a fund to invest in Buenos Aires following this hypothesis: https://medium.com/@abroadster...

I'm looking to develop a treehouse resort in San Juan. Where near to San Juan do you think I should start looking for a plot of land?