All Forum Posts by: Luke Carl

@Leon Lee. The before and after rehab numbers have to make sense regardless of the fact that it's an STR. It will only be worth what it will be worth regardless of how much the income is. Yes those floors are ugly. Get you some new floors no big deal :) you'll be glad you did!

@Leon Lee I would determine what it will be worth after x amount of work vs what I paid for it and decide if all of those upgrades are worth it. Carpet clearly needs to be done. Not sure how you stain a tile hardwood or even what a tile hardwood is 😂

I wouldn’t listen to whoever told you Airbnb guests aren’t good. They don’t know what they’re doing. Also you can’t have much of a party in 600 sq ft.

So.... #1 congratulations. #2 read this entire forum and believe everything @john Underwood says

@Ranjith Marappan You’re looking at 6 months out on a tub right now due to Covid. There’s only 3 shops in town. Call them all and see who can get you one the soonest. I’ve had one in order for a couple months. Won’t get it till March.

I don’t think brand matters but I like freeflow. Right now you’ll need to take what you can find.

@Staci Ryan BAH! Way too much. Spend $1800 on wayfair and call it a day.

@Michael Elefante I think you’re getting a bit lucky because of October and the holidays. Average nightly rate on this property will be closer to $299 over 365 days with around 300 of those days getting booked -putting it right around 100k gross. So glad you’re having success!!!!

@Michael Elefante

I’ve got 7 houses just like it :)

@Staci Ryan. We would need to know how big the house is for starters. 15k seems reasonable for about 3500 sq ft

@Michael Elefante you’re netting 75k on 125k gross in short term rental? Are you cleaning it yourself and paid cash for the property? Do tell

@Josh Good 4/3 should gross 100k and have 80% occupancy so just do the math.

Cleaning fee=150x7x12=$12,600

Gross Minus Cleaning Fee = $87,400

365x80%=292

$87,400/292=$299 Average price per night over a one year period.

Simple as that :)

Just keep tweaking and growing and don’t over analyze :)

**Typed on a iPhone of the top of my head

@Brandon Amdahl PMs aren’t going to do this as everyone has already stated. They’re going to plug a new property into their existing dashboard and off they go. If you want out they just delete the property.

If you decide you want out but think you would want to keep the listing you would change your mind anyway. PMs don’t generally do a great job and would stick you with a sub par review history. You would want to start from scratch.