All Forum Posts by: Joshua Strickland

Are you using any property management software? I use Smartbnb and it alerts me when I get a booking and the calendar can’t be synced so I can manually block dates until it is resolved.

I wish I would of had an email capture tool like StayFi earlier so I could capture guests emails and direct them to a direct booking site in years to come. Airbnb is great but having your own book on business is better.

@Keith Martel Mine are in Pigeon Forge and Panama City Beach. But eventually I could see myself expanding into Blue Ridge as a 3rd market. It’s less than an hour from my house which is attractive. 

Also the cabin reminds me of something designed by Studio McGee. They do a lot of the lighter designs it seems. My worry would be having to paint/stain the sides all the time as it will show everything.

I agree with the others. It will stand out.

Also either their photographer is the best I’ve ever seen or this looks like a rendering. Possible virtual staging tech? 

Sounds like the start of every Instagram influencers sales pitch.

Schlage Encode. Decent price, easy to use, and can sync to WiFi if you need to monitor something on your phone.

I would shop both around to 3-4 lenders and see what pencils out the best for your personal situation. Be careful not to violate any personal finance rules here though. Reserves are your best friend.

There is no perfect answer. Just make a decision and move forward so you don’t get stuck in analysis paralysis.

@James Gibbons I’m in Pigeon Forge and Panama City Beach. 

With a 10% down loan you can still achieve 50%+ CoC in both of those markets. At 20-25% down your looking more like 20%+ CoC. There are many other markets this can be achieved in though. Those were just the 2 I chose.

*As always it is deal dependent and you must be ready to run it like a business. It’s simple, but not easy. 

Minimum 20%. With a 10% down second home loan you can get 50%+. 

Have you reached out to the guests to see if they will make it right?

Definitely leave an honest review.

Also I believe you have to make a claim with Airbnb before the next guests checks in. Just FYI