All Forum Posts by: Han T.

- Our industry is Short Term Rentals not Airbnbs. I know these terms have become synonymous but I think it is important to differentiate being in the industry. We used to only be on Airbnb and Vrbo and it was about 85/15 & bookings respectively. Airbnb frequently lets guests out of reservations, refunds incorrectly etc making our job harder. With a little bit of effort we are now on Booking.com, Marriot Homes and Villas, JetBlue, Allegiant, and more. Also a lot of marketing to previous guests to book direct. Our occupancy rates are up in slow season and we were only 42% Airbnb last month.

This is just my humble opinion based on experience mainly in Tampa, but I hope it helps you in some way. Best of luck!

Hey Andrew, thanks so much for your sharing! Noted on the terminology and "perks", or the lack of. And noted on the challenges working with Airbnb. I have also heard from others of these challenges you highlight. Will take these into the considerations! Thanks so much.

0 Votes

Columbus, Ohio

Quote from @Chris McCormack:

Tax perspective - STRs have a great loophole in material participation but the average stay needs to be 7 days or less. If you're looking for long term tenants like travel nurses, you could find yourself outside of the loophole.

This is good info! I never knew medium term rentals are considered long term rentals and can be treated as a long term rentals from tax perspective.

Oh did I misunderstood your statement? hmm...lol. Please enlighten me Chris.

0 Votes

Columbus, Ohio

Are there any like-minded Superhosts to connect with in Columbus. Pls DM me!!

1 Vote

Columbus, Ohio

Quote from @Anna Antipkina:

Quote from @Luke Carl:

None of them are perfect. They’re like a husband. If you’re not unhappy just stick with it.

I wish this forum gave you option to send Emoji's because I just LOL on this one. Thanks for the laugh Luke!

I too, rolled on the floor and cradled my stomach laughing so hard! lolx. Good analogy.

1 Vote

Columbus, Ohio

I think essentially its the price point. You can do well in flip, or BRRRR...or new build SFH, or converting commercials to rentals, as long as you get a good price.

I don't see any great price yet in my area, but I think with a sustained high interest rate, we should see better deals popping out. I did see great hotel converts to rentals back a few years back. A couple of hotels were distressed.

1 Vote

Quote from @Kristina Kuba:

@Shane Edwards

Drive around the neighborhood and look for new builds… Then look up the addresses on Tampa’s plan and permitting system…Accela Citizen Access. Reverse search the builder LLC or name on websites like Fast People Search and call them.

Some of these records will be investors that are GCs as well and are likely willing to do a profit split. Pitch your situation and see if it could be a win-win for both parties; it may be a safer route to go with an experienced investor who holds their GC license.

There are no great solutions out of a bad deal… I hope this helps. Good luck!

Wow...great suggestion! Thanks for sharing.

0 Votes

Tampa, Florida

Quote from @Derek Fazio:

Quote from @Bob Stevens:

Quote from @Derek Fazio:

Can anyone give a list of general contractors in the Columbus area they know of or have had experience with?

Going to be making some offers in the near future and want to have some contacts lined up.

It would be greatly appreciated!

FIND A DEAL 1SST!!! SO many go about it backwards. If you speak with one now all they will say is , when you get a property let me know.

Didn't plan on it, just wanted numbers ready so I could call day 1 without wasting time.

Agree with how you think. Better to have a couple line up and knowing what you can and cant do and the budget.

0 Votes

Columbus, Ohio

Quote from @Isaac Lane:

Hi! Does anyone know of any wholesale or real estate investor friendly title / closing companies in the Columbus (Ohio) Area?

You can try Axxis Title, Zachary Splain. Gives you enough time to check your closing, never had errors on it either.

DM me if you want his contact details, I can hook you up with him. Never been happier working with them.

https://www.axxistitle.com/

0 Votes

Columbus, Ohio

All Forum Posts by: Han T.

Han T. has started 14 posts and replied 97 times.

Post: Finding land for new builds

Post: Networking In Columbus, Ohio

Post: Any experienced Short Term Rentals, Superhosts to network with?

Post: My business partner and I are looking to invest in a STR

Post: Any experienced Short Term Rentals, Superhosts to network with?

Post: IGMS, Hostaway vs. Lodgify vs RMS for 2 Airbnbs?

Post: New Construction or Converting Commercial Building

Post: New Construction for a Beginner

Post: Looking for Contractors

Post: Investor-Friendly Title Company In Columbus OH?