All Forum Posts by: Jay Murak
Jay Murak has started 1 posts and replied 22 times.
Post: Help with determining if deal will work for us and how to structure deal
- Posts 24
- Votes 10
One way to do $0 down is for the seller to carry a 40% 2nd.
just let the market tell you, lower prices until it rents, which might be MTR.
Post: STR to MTR --- Not Sure What To DO!!!
- Posts 24
- Votes 10
be brave, do not cut yourself short in main season...
Post: Moving from Beyond Pricing to Pricelabs
- Posts 24
- Votes 10
We use both for our hotels. Pricelabs is available in more areas. Both are great, but Beyond asking for more $ is not wise. We could drop them in a heartbeat and pay less with Pricelabs.
Post: Who has any feedback on Marco Kozlowski
- Posts 24
- Votes 10
Hi Marco and BP. Can anyone direct me to nationwide asset-based lenders?
thank you!
Quote from @Marco Kozlowski:
@Nadia, All I can suggest is try it. and if you aren't thrilled, I'd be delighted to refund you. And you can experience for yourself the strength of my material.....or, if you wish,....go on my social medial (Facebook, Insta, YouTube, or search my 5 star and top rated "Big Fat Real Estate Checks" podcast on iTunes.... hundreds of reviews there as well....
If you apply what I teach, we support you until you close one... if you do nothing, nothing happens. like anything else in life.
I steered away from them after reading this thread. If they could deliver, it would be a great value. As with everyone in my business, I don't prepay anyone.
Post: How much would you pay for a virtual assistant?
- Posts 24
- Votes 10
Originally posted by @Matthew John:
I've had a VA for 1.5yrs now. He manages my social media (Facebook, Youtube, Instagram, Twitter), graphic design, and website. He's typed up some leases for me and paperwork for my rentals as well. He's from the Philippines and I found him on Upwork. He's available and working for me 7 days per week, 11am - 8pm EST. I pay $100/week (like to surprise him with random bonuses when we are super busy).
He's been super loyal and helpful with my business, although I've had to teach him a decent amount to get where we are today. I do encourage him to have other streams of income and make money online, but do ask that he prioritizes tasks I give. I do know that he earns above average salary for what he could be making in the Philippines.
Not directly Airbnb related, but I am about to launch my first BNB in the coming week or 2 and plan on incorporating him into that depending on well it goes!
Great job Matthew!
Post: How much would you pay for a virtual assistant?
- Posts 24
- Votes 10
late to the thread. I'm leaving Evolve and likely taking back my other property from its manager. The perspective for Evolve is the cost needs to be viewed as 14%. The fee break down is 10% for their services, 3% for processing, and they also charge 10% on the cleaning fee which I view as about 1%. Redawning also has this fee structure, but they handle in stay communication. But, they do not remit taxes like Evolve does. You actually have to mark up the cleaning fee to break even on it, which Evolve will not tell you by the way.
However, the main problem with most managers is the cleaning fee mark up and ADR mark up. This balloons the cost significantly. For a 5 bedroom house my cleaning fee on various platforms marketed by managers is $314 -$800. I can have it done direct for < $225. I'm taking control of the listings, and will likely use yourfrontdesk and will easily under-price the managers. My main concern is getting algo pricing in place.
Post: Rules about Airbnb in Hawaii
- Posts 24
- Votes 10
wow really interesting, thanks for the input. Looks like they have ramped up the enforcement over there. @Kailisi Andrago
Post: Rules about Airbnb in Hawaii
- Posts 24
- Votes 10
Any updates on regulations for HI? I'm looking at a property in Kona, and the seller says no problem for STR...