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All Forum Posts by: Leslie Anne Morris

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

Things started to change rapidly for me once I scaled to 5 units. That’s when I began to seek expert advice and structure things more like a business. It was out of necessity. 

Post: Guest Issues Unlocking Schlage Encode

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

Oh wow. I’ve never had an issue like that. Guest error or lock issue…I’m not sure. 

Post: Drop in bookings

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

If you’re strictly talking Airbnb it is a new listing boost. It would be that coupled with your pricing / photos, etc. Once you have 3 ratings you may trend further. After that it’s up to you and your marketing strategy. 

Post: 10% down vacation home loan

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

I know a great lender in the Smoky Mountains if you’re looking here. 

Post: Any alternative sites to AirDNA?

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

Work with knowledgeable partners in the area to assess. Other investors, agents, property managers. 

Post: Property Managers Impact on Tax

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

If you're planning to scale I'd get a good PM.  If you get a PM then you're passive and not active.  

Post: Airbnb/STR: How to Protect Myself Legally

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

Some insurance companies would give you an opinion on it (for example Proper Insurance). Can you have someone who is licensed give some options with quotes? Personally, I’d be looking to move away from that spiral completely. 

Post: Is AirDNA subscription a must?

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

AirDNA has become more conservative lately. Get a good team in your target market and they can plug you into local data. 

Post: VRMA Spring Forum

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

VRMA is going to be geared to legal licensed property management companies. If you only own one or two units I'd recommend STR Wealth (but it's sold out this year) and BP Con in general is very good.

Post: Short Term Rental real-estate attorney/tax advisor? Help!

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

Depends on what state you're trying to do your LLC in. Definitely recommend Ryan also.