All Forum Posts by: Leslie Anne Morris
Leslie Anne Morris has started 3 posts and replied 1252 times.
Post: Insurance loss of income
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Read the fine print on your policy. It should define each covered loss.
Post: Plumbing disaster on new listing. Should I relist?
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I have recent similar experience and chose to keep the listing, honestly I don’t think the OTAs ever want you to delist and relist.
Post: Which free ADR/income estimator tool is best?
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Work with agent/property manager in your target market. Best insight, but make sure both know their stuff!
Post: STR or LTR
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Curb appeal more important on STR than LTR. However, I prefer properties that don't need landscaping attention...has a higher likelihood of becoming a mess fast.
Post: Hot Tub: new vs. used
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
New! Peace of mind for you on actual life span.
Post: Is Air Bnb still good?
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
You should look into it for sure. Consider what excites you about it and be realistic with the amount of work it's going to be unless you hire a property management company. If you decide to look further consider what areas you prefer and then speak with an agent in that market. They should be able to help with most metrics if they're an investor themselves (underwriting, lender referral, etc).
Post: Airbnb Algorithm: blocked dates, availability, etc.
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Quote from @Kyler J Sloan:
@Leslie Anne Morris This can be very unfortunate for someone who gets a 50-50 split between bookings on Airbnb, and other platforms.
I don't imagine that Airbnb has a way to discriminate between dates blocked because they were booked off-platform from those which are unavailable for other reasons.
Makes me thnk one should prioritize their listing on one platform -- either Airbnb or VRBO
Post: Gifted 100k for my next STR
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I vote Smoky Mountains! I wrote a blog post about my market:
Buying a Top Performing Investment Property in the Smoky Mountains (biggerpockets.com)
Post: Airbnb Algorithm: blocked dates, availability, etc.
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
I was in a closed session with Airbnb executives and open availability is one of the things that boosts you in the algorithm. I wrote a blog post about it:
How to Boost Your Short Term Rental Listing in Airbnb’s Algorithm (biggerpockets.com)
Post: Must Ask Questions for potential Cleaners and Handymen
- Real Estate Agent
- Smoky Mountains, TN
- Posts 1,261
- Votes 983
Most have come to my company via referral. This way we know they already know what they’re doing and do not need to be heavily vetted. As far as contract, you need to have them complete a W9 so that you can issue a 1099 for tax purposes.