All Forum Posts by: Hal Wilkerson

Hi there Matthew, it depends where and what you are doing.  Campbell Estates dba 'City of Kapolei' has total control over the 'core' of Kapolei, and would be a great place to start for due dilligence.  DPP is easily the largest headwind, but there would be quite a bit of prep work in advance before even getting to DPP.  Depending on your resources, 24 months is a bit optimistic.  PM me, I'd love to chat about it and provide my insights.  I'm the president of the Mehana community  which is located here in the core of Kapolei, and have several strategic relationships with Campbell Estates if that may be helpful.  Would be glad to give you some insights with some more specifics.

For reasons mentioned above.  I called them myself to see what they offer, and it's literally just that - they basically are a psuedo direct booking company.  They list, book, collect the cash and pay the homeowner minus their booking fees.  Pretty much all the on-the-ground management still has to be done by owner.  Airbnb does the same thing, with a much greater reach for 3%.  They will say that they advertise in many places that AirBnB doesn't, which may be true, but for paying that much more, it doesn't seem to be worth it to me.

I would stay far away from Evolve.  That 10% will be a wasted 10%.

And an Ascot.  Definitely have to wear an Ascot too.

These are pipe dreams in the current market.  

Inventory is at a historic low, and sellers hold the upper hand. ReAlpha may be able to analyze lots of deals in the MLS'a via Artificial Intelligence, but when it comes to actually getting sellers to agree to your AI's price, you basically have an 'iBuyer' type situation, and this market just isn't supporting iBuyers.

That is something you see in a buyers market... not to mention there just isn't that volume of inventory available.  This isn't post 2008 when there were spreadsheets getting passed around with thousands of homes on them looking for buyers.

This is 2021 and most real estate metrics are showing we are going to be in a sellers market for another 18-24 months at a minimum.  Inventory just can't catch up soon enough.

Can't say it isn't possible, but curiously missing is their timeline from their statement or their article.  My hunch is they may be prepping for some equity share or some cash infusion from outside investors.  Not sure.

Not that I don't think it's doable, but the reality of it is deploying this at scale with SFR's using AI to determine the best sale price is the thing of science fiction. There are actual warm-bodied owners with actual retail mindset emotions on the other side of the negotiating table they will have to buy from. Why sell to a big corp, when you've got 15 other warm-blooded families trying to buy your house from you.

Interesting reading the original Bloomberg article, and you can see ReAlpha intends to fractionalize ownership of these SFR's turned STR's... almost like a distributed REIT using STR's...

I think they have an interesting concept, but I think the market is wrong to expect they will be buying SFR's en masse at scale. That's something that would work much easier in a different Real Estate climate. This one, it will be hard.

The big losers though in the near future, are going to be Hotel chains.  Will be interesting to see how they modify their offerings to minimize effects of the disruption of AirBnB and it's increasing reach.

Depends on your aim.  If you are doing focused, intense market research around the country a $500 for a 30 day access could be helpful to finalize a decision on a region.  If you are focused on one specific market you are definitely investing in (your backyard for example) to make decisions, a $39 for one month could be helpful. (or whatever the market rate is - it depends on number of AirBnB listings in a region).

The biggest value I see for a long-term subscription is for Realtors helping investors make decisions in their local market.  As an investor as well as a Realtor, that's what I use the subscription for.  If you are an investor making a decision in the next 30 days or focused on a one-time decision it can be helpful, but that's it, in my opinion.

There are other ways you can do market research, however.

Also, keep in mind, AirDnA data is skewed *ultra* conservative in my opinion.  AirBnB is FILLED with non-sophisticated mom and pop type operators (nothing against them) and their numbers get added in... so it skews what I think is more realistic if you are a knowledgeable and experienced host, to the lower side, in my experience.

Also, it's data is not always 100% up to date or accurate, so it shouldn't be your sole deciding factor.  Many experts recommend against using them, however I have found the data to be useful.  What I also have used it for is to see how their scraped numbers compare with my actual numbers, which also, explains why their data shows much more conservative returns than actual.

If you want to give them a try, goto https://www.AirDNAsignup.com 

Watch Episode 480 with Dan Brault from a few days ago.  He's specifically talks about analysis paralysis. Bottom line you got to get in the game to start learning. Your first foray is probably going to be a failure or maybe not but you will learn from doing. And then your next time you will know what not to do. But I've always looked at it now after having made my share of mistakes that you have to execute and you have to look at your early swings at the ball as mistakes. So just like you could pay for coaching or a joint venture or something like that it's still going to cost you money but if you do it yourself and you fail well that's just part of the learning process. There's no straight path to success as many successful people have learned and can attest to. You've just got to find the one that you like and pull the trigger.

Good luck! Lots of people pulling for you here.

@Ken Boone yes uplisting is head and shoulders above the rest as far as service and support go. And their tech is solid.

@Santiago Belmonte uplisting at joinuplisting.com is an excellent resource that I've found. They automate so much more it's an incredible resource for STR owners and managers

Aloha folks. Question - anyone know of any platforms out there that can provide a one page dashboard to see data that is easily presented so owner can see a snapshot of data points. As the owner/manager I'm looking for a way to see my business quickly without having to login to AirBnB, and AirBnB's 'performance' dashboard isn't the best. Key Metrics I'm looking for:

1. Last 30 day and next 30 day income (Can be expanded or reduced by time period, from specific day out to specific month etc.)

2. Last 30 day and next 30 day rental days (Can also be expanded)

3. Checkouts in next 3 days

4. Checkins in the next 3 days
There appear to be different resources for building something like this out, however wondered if anyone had seen anything like this already in the market place.
Thanks in advance for any feedback.