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All Forum Posts by: Leslie Anne Morris

Leslie Anne Morris has started 3 posts and replied 1252 times.

Post: Interior Designer for STR

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

I know of some in my market...maybe network with some local investors and see who they've used.

Post: Buying your own Professional Camera

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

A lot of photographers offer a reshoot option. They’ll come back and shoot just a quick update for a lower cost then a full package. 

Post: AirDNA General Question

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

I wrote this to help out on the underwriting side: 

Underwriting Made Easy for Short Term Rental Investors (biggerpockets.com)

Post: I think I might be paralyzed, looking for the STR veterans out there

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

I've felt that AirDNA has become conservative lately.  I would go with your gut and the area expertise you've learned since beginning to invest there.  Don't let an internet tool sway you away from what you know!

Post: Is there a rule similar to the 1% rule for short term rental purchases?

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

I’m looking for 20% cash on cash. I wrote this which you might find helpful in underwriting deals in this asset class https://www.biggerpockets.com/...

Post: First time getting into STR

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

I use Ownerrez and it can do a lot of those things.  Thermostat we manage through Nest via app on phone, or have cleaners check the settings during a turn if it is a non-automated thermostat.

Post: Tvs in every room?

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

We put TVs in every room. Makes the place more appealing and isn’t too expensive. We put a cable box on the main TV and then stream to others. 

Post: Is this a valid alternative for my vacation cabin?

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

Get a professionally licensed property manager who knows the area. Best option! 

Post: Airbnb Enemy method (calendar availability)

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

It sounds like those listings you’re seeing have blocked calendars. Maybe they are only offering 3 months of availability at a time. Booking pace is starting to pick up. We are closer to 2019 then we have been in awhile. 

Post: I'm always seeing people aren't booking as well anymore

Leslie Anne MorrisPosted
  • Real Estate Agent
  • Smoky Mountains, TN
  • Posts 1,261
  • Votes 983

I think the people struggling are self managing in a market they don’t know. In a lot of cases they bought something and put it on Airbnb…the end. So you’re right, there are some touches missing.