All Forum Posts by: Jared Higginbotham

No worries brother.

Vetting cleaners... Go there and do it yourself first. Every time I pick up a new listing I will meet my cleaners at the property and clean it with them. If they are lazy and take too long with you next to them, they will be even worse when you aren't there. There is a difference between a turnover cleaning and a deep clean. We like to do a turnover cleaning after each guest but we always do one or two extra things to make the deep cleaning a little bit easier. Ideally you want to pick a cleaner with Airbnb turnover cleaning experience and you want to make sure they have references. Talk to their references, and then ask their references for another reference on this cleaner. You will get what you pay for most of the time. Just be clear with your expectations and make sure that they don't milk it

If you need our services... You could always invest here... LOL!

I do not represent this company or gain anything from advertising.

I currently subscribe to Airdna.co and find it very easy to use. Anyone running a short term rental should find their data incredibly easy to use. I would recommend using their Market Minder subscription service to analyze the data that is out there to find your next investment property. 

Hi Adam,

My biggest piece of advice is to focus on municipal regulations, zoning, and logistics first and foremost. I have my own hospitality management company here in Tampa Florida and regularly work with investors on choosing the right property for their short term rental goals. 

You have to understand that regulations can change overnight. Ask all the Airbnb property owners in Miami about how they had to bite the bullet when Miami forced them to stop. It is incredibly important for you to analyze this deal as if it were a long term rental first and foremost. If it doesn't make sense as a long term rental, I personally wouldn't add it to my portfolio.

V/r

Jared Higginbotham

Don't forget about the tax burden on this as well!

I run a small business here in Tampa that is essentially just like Pillow except we don't have individual line item charges like that. Just a simple percentage right off the top. I think what they are doing with line item charges is great for their business. It all boils down to this. A 1/1 efficiency will not rent for as much as a 3/2 as a vacation rental. The line item charges equate to sucking more cash from you. 15% of $40 per night is way less than 15% of $200 per night. That pricing structure was carefully thought out so they didn't lose money managing tiny rentals. If you have multiple properties that you want to utilize their services, I am sure they would bend over backwards to negotiate the fees with you. Hope that helps brother.

This home has been on the market now for MOTHS! I think it has a lot of cons that severely hurt its ARV. I think the asking price is just too high. The fact that it doesn't really conform to the neighborhood really hurts its ARV.

I'd love to catch up though and see what else is on your radar. I have a couple projects I am working on in the heights. Looking for a couple missing pieces still.