All Forum Posts by: Joshua Strickland

I believe this service is called a property manager.

Just make sure you talk about the benefits to the community and any plans you have to mitigate any disturbances to your neighbors. 

Call the commissioner over your district. Should be listed on the county website. They will tell you the info they want to hear. Probably reach out to the planning director as well. Or they may just tell you there’s no chance so you don’t waste your time. 

Hire a business/personal coach to hold you accountable. They will help you focus. Also read The One Thing by Gary Keller/Jay Papasan. 

@John Underwood Ditto

 All of those factors. Using a pricing tool will help. Your strategy with that pricing tool will also make a difference. If you want the comfort of having reservations on the books you may lower your price to get booked earlier. But with the high demand in summer if you keep them 20% higher than your neighbors the odds are you still book, but not until 2-3 weeks out. Can make a large difference and if you’re within say 7 days and still not booked you can lower the price. Plenty of people taking impromptu let’s get away for the weekend trips during the summer.

Pictures are big, and same for minimum night stays. I set my software up to 7 nights minimum, then drops to 5 within  30 days, then to 3 within 2 weeks. I used to drop to 1 inside of a week, but I’d rather sit empty than have the headache. For some reason all of my 1 night stays were problem children, but they paid about a 25% higher rate so to each their own.

Mexico Beach still has some affordable properties. Just east of PCB.

One of the great mysteries of STRs is all of those numbers can be correct depending on how you manage. 2 identical properties side by side can be wildly different revenues. 

ROI is getting compressed with every investment class at the moment, but yes they are much lower than a year ago, or a month ago. Who knows for the future? Maybe they come back at some point or maybe they go down to sub 10%. It's anybody's guess.

In my experience…if people are still buying, then the numbers still work. Everything has skyrocketed, including nightly rates. Airdna is just 1 data point. Your realtor should also be able to give you an estimated income range as well as looking at other properties on Airbnb and vrbo.