All Forum Posts by: Josh Good

@Nick Belsky zip is 37862. It's a Sevierville address. I found a lender doing them a few months back at a more conventional rate (between 4-5%) but they aren't any longer. 

@Simmy Ahluwalia around 6%

Anyone done a traditional jumbo refi lately? I have an STR in Eastern TN which I'm fairly confident has appreciated to over $1 mill and I want to pull out more than the conforming loan limit allows. I found a lender that will do a DSCR loan but the rates are high. Any recommendations?

@Justin Anderson thank you that’s great info!

How much do you inflate your weekends? Our average during the week has been around $350-400 and our weekends go up to $500-600. And 2-3 months out as well how much higher are you going above your average?

What’s a good conversion rate for Airbnb? We’re Currently seeing .5

@Brian Gerlach sleeping capacity is 14. My wife is actually a photographer so she took pictures but we did hire a second photographer as well as had drone photos taken. Our BP score stays around 90. We’ve got close to $70k on the books since June. I just want to make sure we’re maximizing where we can.

@Luke Carl Thanks for the info. I'm a text book overthinker. Just want to make sure I'm always being as proactive as I should.

Hi everyone! We bought our first STR in the Smokies back in May after hearing @averycarl on episode #364. I've been thrilled with the performance thus far. Early on I started using Beyond Pricing to help maximize revenue and for the first few months it was great (averaged 90%+ vacancy) but now we're starting to see more vacancies.

Beyond Pricing recommends not to be booked more than 50% 30 days out and no more than 25% 90 days out. I tweak our pricing weekly to try and hit those numbers. But I'm wondering if their formula even applies to this market since according to Airbnb most people are booking more than 30 days out for the Smokies? I'm thinking we may be too high and sacrificing vacancy for ADR?

Also, we have a 2-night minimum like many and around holidays I have been going up to 3 or 4. But for a few holidays (like Thanksgiving) we have had guests book just 3 nights and it may leave us with 2 or 3 high-dollar nights vacant. What types of rules or minimums do you set with your pricing tools?

Our cabin is a 4/3 with great views. 

Love to hear what others are doing with pricing in this market to help minimize vacancies and maximize ADR.