All Forum Posts by: John Underwood

Hey Ryan

Ive been on this forum every day for a few years and have only heard AR mentioned once maybe twice.  I am not saying there is not money to be made somewhere but I do not think there is a ton of market specific knowledge on here about that area.  If you fall short here I would encourage in personal local meetups as well as local facebook groups.  If you are from there you would know where tourism dollars flow to and go there.  Good luck!

@John Underwood

What drives different prices on the different platforms?

I wish I had purchased with the aim of 20% annual revenue instead of 10%-15% to cover All operating and holding costs.

I wish I had added Airbnb a month after I felt comfortable with my PMS and Vrbo.

I wish I had worked harder to achieve an earlier date-placed-in-service for tax purposes.

I wish I had attended the Avalara MyLodgeTax Lodging Tax 101 within days of closing to understand all the state, county, and local taxes and licenses.

I wish I had known I was responsible for collecting and remitting taxes from Vrbo bookings because of the API connection to my PMS.

I wish I had hired one cleaner at a time from Turno to build trust with one another and pride in keeping an orderly supply closet.

I just hit the first anniversary of the date-placed-in-service, and there might be other “wishes,” but these are what immediately came to mind.

I have been doing fine for years using AirDNA paid subscription + double checking on Airbnb/VRBO sites.