All Forum Posts by: Justin Anderson

@Eric F. Photos and optimizing rate setting are where you make your money.  Cleaners and maintenance and guest relations are where you get your longevity because those are what lead to good/bad reviews.

120k gross is possible in a nice 3BR without a pool, so you easily can hit that number with a pool.

Your numbers end up at around the right place but are different than what I see in our cabins.

An old 4BR with pool I manage in so-so location mayyyy hit 180-190k net this year after our fee and cleaning.  I see 20k months the next couple of months.  Occupancy is around 85% and ADR is 568/night.

That said, electric can run 1000/m by itself especially with a pool heater and/or AC unit in there.  Pool service can be 200 or 250/month as it needs some hand holding with bad guests.  While it's a new cabin, I'd budget more than 1% for expenses.  Pool chemicals, service calls, broken furniture, dishes, etc. all add up.  I'd budget at least 3 or 4% to be safe.  (You kind of address it in pool/spa and supplies, so maybe that's covered)

If it's the Laurel Valley (??) development you're looking at, I believe you're required to use their PM which isn't getting near those rev numbers, be aware of that.

But the bottom line is... Still a good time to hop in!

I believe you'll have Superhost until the next quarter when  you'll no longer meet their criteria (because the listing will have moved under the Evolve umbrella).  While I'm a superhost, I don't find it particularly useful or beneficial.

Word of advice -- watch Evolve's pricing and make sure they manage it to your liking.  We've taken on some folks from there and found they haven't done the best job staying on top of things.  

I got a line of credit from my bank when I was flipping houses in the past but heloc is another good option.

I own 2 1BR cabins that both grossed over 60k last year.  One net 27k and the other 17k after all expenses including mortgage.

I totally agree analysis paralysis will keep you from taking any action.  Make a move! 

Youll not see any difference in revenues.  Guests generally consider them interchangeable and will book both very well.

The crazy thing to me is how prices are skyrocketing everywhere - San Diego, Galveston, Gulf Shores.  Lumber prices shooting up making construction costs so much higher...

Is it a worldwide bubble like 08 or massive wave of inflation across all industries?  Wish I could just get a peek at the future...

One of my cabins is 8BR and has a W/D on the first level and the third level.  It's come in handy twice when one goes out for whatever reason.  (Helps keep guests happy and negates any possible refunds)

I never do linens on site so it doesn't get me any benefit there.

Even if you only allow instant book from one platform, you still have to wait X hours for the calendars to sync. You can have a VA block manually or some PMS systems will sync more quickly, but the bottom line is there is always that window where a double booking can happen.

Definitely following...  I've been referred once for a guest claiming we had cameras indoors catching them smoking.  Took two weeks to navigate that one, never able to get an answer or in touch with a human that could do anything.

Several years back I managed ultra luxury villas that were in the 5-50k/night range and we would make multiple listings for each property and in different accounts 'just in case'.  Never had one an account get nuked, though.