All Forum Posts by: John Carbone

I wonder how that would work. Someone comes here and lays out a plan. We all comment, tell them how it could work etc. They move forward then fail.

There is so much subjective stuff that affects success. You could be the biggest a-hole with the personality of cactus.

I just wonder how far it would go. 

Hey All,

Finally just closed on a one room schoolhouse that we are going to rehab and turn into a STR (posted before about it, and its been a roller coaster to finally get to closing).

My question is, its currently zoned as commercial 1, and we can rezone it without to much problem we think, but we're not sure if we need to/should rezone it. We called and talked to the town, but we got bounced around to 3 different people, and none of them really had any clue and we got different answers from each of them (it is a very small town).

The last person we talked to essentially said "you're really going to be treating it as a business, so you don't need to change the zoning". Part of me wants to run with that and start the renovations (turning it into a 1bed/1bath period-ish luxury space) but don't want to find out they gave us bad information when we are well on our way in.

Anyone run into a similar situation?

Dynamic pricing is critical to achieving maximum revenues.  The difference in revenues can be substantial.  And it isn’t only about increasing rates for busy times; it’s about adjusting rates on the fly in order to ensure the property is rented.  

We review rates and “opportunity windows” every day.  Part of the deal.

If you are not doing this, your opportunity cost/lost is significant.  

 "A “pessimistic” scenario where prices now retreat by 15% to 20% could subtract 0.5% to 0.7% from inflation-adjusted consumer spending, he wrote in a blog post Tuesday."

That is their pessimistic scenario that "could" happen. Whereas 20% (or 20%+?) has been your high conviction base case, such that you guys labeled anyone who disagrees as "deniers"? In reality you don't agree with the fed as your base case (or the lowest end of your base case?) matches up with the upper end of their pessimistic case. 

 "A “pessimistic” scenario where prices now retreat by 15% to 20% could subtract 0.5% to 0.7% from inflation-adjusted consumer spending, he wrote in a blog post Tuesday."

That is their pessimistic scenario that "could" happen. Whereas 20% (or 20%+?) has been your high conviction base case, such that you guys labeled anyone who disagrees as "deniers"? In reality you don't agree with the fed as your base case (or the lowest end of your base case?) matches up with the upper end of their pessimistic case.