All Forum Posts by: Joy Daniels

Quote from @Michael Baum:

Hey @Joy Daniels, I read everything I can all the time.

I read a few blogs that go over products and some design. It is hard to really keep up with those kinds of trends unless I budget 10k a year in updating the property which I am not going to do.

I participate in our local council/mayor meetings. We are the most productive STR in our area and bring a lot of revenue to the little town. I am a voice of common sense and help them come up with the best way to manage STRs.

It isn't a big job but I don't want things to go south so I stay in it.

Of course I practically live on this forum so I pass along any pertinent info I find as well as answer questions. Plus Mike's Deals of the Day!

Thanks Michael! 
I'll look into attending my local council/mayor meetings.

As a short-term property manager I've seen how this industry changes so often—new guest trends, tech tools, and regulations seem to pop up all the time. I'm wondering how all of you keep up?

Do you have go-to websites, podcasts, or groups you follow? Or maybe a favorite way to stay updated on local rules? Share your tips—I’d love to hear what works for you!

Quote from @Jules Aton:

Quote from @Joy Daniels:

As an airbnb you have to provide linens. In the current short-term rental market, people are expecting a luxury/hotel experience. 

The question is whether you will provide them or if the owner will. Providing your own linens is a great business model, as owners won't have to get involved in how the linens are handled or laundered, but can be a big overhead as a newer company. You could always start with owners providing them, and as you grow, switch to you providing them. 

Interesting to learn some PMs furnish linens. Again providing linens isn't necessarily the norm everywhere. Geographic culture as well as supply vs demand dictates the length hosts need to go to in ensuring properties are rented and guests are happy. 

Providing linens yourself as a PM is a tactic many use for scalability. Once you've purchased enough sets of linens, you don't have to buy new linens for every new key you acquire. Having a linen program can be an income-producing part of your business model once it's scaled to a certain size. 
Again, this is a costly program to get started, but from discussions I've had with other PM's in my market (Bradenton/Sarasota), this is pretty common and beneficial. It definitely leans into the luxury feel people desire while on a beach vacation. 

As an airbnb you have to provide linens. In the current short-term rental market, people are expecting a luxury/hotel experience. 

The question is whether you will provide them or if the owner will. Providing your own linens is a great business model, as owners won't have to get involved in how the linens are handled or laundered, but can be a big overhead as a newer company. You could always start with owners providing them, and as you grow, switch to you providing them. 

I'd say one of the issues I'm having in the Sarasota/Bradenton region is the rapid changing regulations in regards to STR. It can be difficult to advise owners on what to do when each region has extremely different rules and regulations.

Hello Alec! 
Another tool that is really excellent for this is Pricelabs. When I'm figuring out how to price an Airbnb I always cross-reference AirDNA or PriceLabs to get an estimate on what the income would be. It's also important to look at the statistics of length of stay for that region. If it's on the higher side you may want to consider it for mid-term or long term rental, but if most stays are below 30 it can be viable for short-term! 

You could reach out to a few Property Managers in Salt Lake City to see if any of them would be able to give you advice for the area, as they would be familiar with the region and what to expect from the investment! 

All the best, 

Joy