All Forum Posts by: Leslie Anne Morris
Leslie Anne Morris has started 3 posts and replied 1252 times.
Post: Best STR Property Management Software Today
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I use Ownerrez. Low price point but fairly large learning curve. We’ve been able to bolt on more tools as we’ve grown.
Post: Check my math? Deducting STR losses against high wave W2 job.
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Learnlikeacpa.com
Post: understanding RevPAR and other KPIs
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I think you meant RevPAN. Here’s a post about it from my partners at Beyond.
https://www.beyondpricing.com/...
Post: Shipping container "cabin getaways "
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Not only will financing be hard, but selling in the future will be difficult also. You’re going to have to find a cash buyer.
Post: How to analyze demand for STR in "less popular" cities
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
STR Insights
Post: "Grocery" List for a New Airbnb
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
My PMS Ownerrez just put this list out that is helpful for the cleaning/consumables side of things. I don't necessarily provide all of these (seems like a lot of face tissue), but it's helpful.
Inventory
- Kitchen
- Cooking utensils
- Table settings
- Napkins/paper towels
- Dish soap/dishwasher detergent
- Hand soap
- Tea towels/washcloths/sponges
- Salt/pepper/oil/sugar/etc.
- Coffee/tea/milk/etc.
- Cleaning supplies
- Bathrooms
- Towels/washcloths
- Hand soap
- Shampoo/body wash
- Toilet paper
- Toothpaste etc.
- Bedrooms
- Sheets
- Blankets
- Pillows
- Face tissue
- Clothes hangers
- Living room
- Decorative pillows
- Throw blankets
- Face tissue
- Remotes
Post: Second/Vacation Home Loan and Quit Claim Deed
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I’ve heard a change like this after closing is a ‘no no.’ Talk with your lender for specifics. You can also consider having an iron clad rental agreement and a robust commercial insurance policy to protect yourself.
Post: What are some tips&tricks to follow when building a STR portfolio?
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Get a good lender who understands STR. Specifically ask about the different programs and if putting 10% down could be an option for you!
Post: Vacasa stock price dips below $1, in danger of being delisted
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Quote from @Carlos Ptriawan:
Quote from @Leslie Anne Morris:
Local property managers knowledgeable in their market would be the right choice over Vacasa if you are looking for a change and to still be a passive investor.
Local PM charges:18-20%
Vacasa: 22%
that's in Hawaii market.
Vacasa has too many marketing folks, they don't need that much. The PM business model is focus on efficiency.
Agree 100%
Post: My 3 & 3 for Airbnb's in 2023
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Quote from @Jon Martin:
Quote from @Leslie Anne Morris:
My account rep at Expedia Group said have water at the property! This could be hot tub, pool or lake. The biggest amenity lifting my ADR in the Smoky Mountains is mountain views. Hot tub / water is second. Property design falls into top 3 also.
Show me a nice backdrop for my morning beer and afternoon coffee and i'm instantly sold! ;)
Yes sir!