All Forum Posts by: Justin Ellis

@Debbie Wilcox. How did/does your STR do there? I'm really interested in the Hawaiian markets as the data suggests they're great for both rental arbitrage STR opportunities and buy to STR. However, what you're saying doesn't mesh up. Thoughts?

@Cara Tan. No experience in the LA area but I had a friend tha was looking into arbitrage and sent me this....

https://la.curbed.com/2019/7/1/20677554/los-angeles-new-airbnb-rules-2019

I know this unit is on your resident property so you may be ok (for now) but consider the cost of furnishing ($3-5k to make a 1/1 stand out) and the fact that if they get stricter you'll be stuck with it all.

Check out Airdna.co for a good estimate of occupancy in your area and go from there. STR is a lotnof work so if you're not making substantially more than LTR I would pass (this from a guy with 11 units)

@Dominik Makaneole. I've been doing some research on STR in quite a few Hawaiian markets on Airdna and they look really promising. Can you talk about the current regulation atmosphere and the "exit to LTR" strategy if regulations do pull the rug. I manage STR and have an investor looking for a MF unit in a hot market for STR.

@Eric P. Wouldn't you say putting focus on emerging markets would pay bigger dividens? Sure, you need to research current STR laws and even dig in further to make an educated guess as to where that market is headed (a few hours of research and phone calls at most). However, most municipalities that start requiring permits (or change requiremnts) do grandfather, so if you're in, before regulation you stand to make even MORE MONEY! And also as it's been stated in this thread, ride the STR wave and if that bubble bursts, IF you bought correctly you can always go to LTR.

Just my thoughts, not experienced at all in buy to STR. But have 11 arbitrage rentals and have thought a lot about purchasing.

I hung out till 6 and left since it didn't seem like anyone was going to make it but then Josef called me after I left! I did some looking and found a couple on meetup.com, I'm going to hit a few of these to see what they're about so I'm not reinventing the wheel and I'll report back to the group!

Doesn't look like many were able to make the time. Jose T. If you came to town call me, I'm still stopping in for a drink and I'll be there till 6. 520-250-9459

There's one here in Tucson where the owner built a small living quarters (a mother in law house) on the facility and let's the manager live there in exchange for maintaining the place. I think it's some retired guy that's now living under a free roof and keeping busy and no additional overhead for the owner! Good deal for both parties I think.

Not that this fixes the vacancy problem, but it's a management solution in a box (pun intended).

 Post followed, take before and after pics!  Good luck and congrats on getting in the game.

Great, I'll see you there!

Well, nothing to it but to do it! @Adrian Watkins, @Anthony Gayden, @Brian Sampson

We've got enough for a core and we can build out from there. We can introduce ourselves and decide on structure, location, duration and other particulars as a group at our first meeting. Thursday 8/6 @ 6pm - Gentle Ben's (Pretty central location). Any objections? If not, I'll be there, hope to see all of you and a few more!  (And no pressure @Chantel Allen this is kind of impromptu.)