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All Forum Posts by: Luke Carl

Luke Carl has started 175 posts and replied 4103 times.

Post: Strategies for expanding outside of state

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689

Thanks for the kind words @Paul Sandhu

@Mark T.    I’m happy to hop on a call any time and teach you everything I know. Expert I may not be but I manage 6 VR that I also own, remotely, with a day job.

Mine are cabins in a very high traffic tourist area. 12 million visitors per year and we’re a 12 month market. Smoky Mountains in East TN. But a lot of what’s we do will apply to other markets. 

DM me for my number happy to help! 

Post: Miami, Fort Lauderdale, West Palm Beach South Florida Airbnb/VRBO

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689
Again.... Someone needs to write a blog about “AirBnB vs long term in city XYorZ” so we have a quick reply to this ever present question in our small community. Julie or Paul.... get on it ;)

Post: AirBnB In San Jose anyone?

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689
Again.... Someone needs to write a blog about “AirBnB vs long term in city XYorZ” so we have a quick reply to this ever present question in our small community. Julie or Paul.... get on it ;)

Post: New Hampshire Vacation Rentals

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689
Someone needs to write a blog about “AirBnB vs long term in city XYorZ” so we have a quick reply to this ever present question in our small community. Julie or Paul.... get on it ;)

Post: How much would you pay for a virtual assistant?

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689
I’m sitting here staring at my phone wishing more bookings would come in so I guess I’m not ready to hire someone just yet.

Post: Airbnb/Homeaway verses a long-term rental in Austin, TX

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689
Someone needs to write a blog about “AirBnB vs long term in city XYorZ” so we have a quick reply to this ever present question in our small community. Julie or Paul.... get on it ;)

Post: Condo living Mon-Thur and then STR Fri-Sun?

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689
Lance Peterson Go Big Red. As a Nebraska boy myself I wish you lots of luck! If it works you’ll end up buying a second condo. Then the whole building!

Post: Do I include new appliances with my current flip?

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689

I would do it. I have vacation rentals in Pigeon Forge. I live 4 hours away from my cabins. I go to my local Lowes ~3 times per week and cruise the "clearance" scratch and dent section. I can generally furnish a cabin in two months time and my goal is under $1400 and this includes an over the stove Microwave. 

They're higher end products than buying the cheapest new stuff.  The people that work there know me at this point and they'll generally give me an even bigger discount. Just ask! Of course they know I have a truck outside and I'll take it off their hands right now. They're happy to get them out of the way. 

This is one of highlights of my life. I love doing it. Most people probably consider taking a refrigerator off of a truck by themselves a drag. I love getting a smokin deal. 

P.S. I find Home Depot is a waste of time as their clearance scratch and dents are generally only a couple bucks cheaper than new.  This could be market specific. 

Post: Vacation Rentals in Orlando FL

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689

@Ramzi Nuseibeh  I can assure you I'm doing much better than breaking even in Gatlinburg. If I was breaking even I wouldn't have bought the second one. Or the sixth. If you use a local PM that takes 40% then yes, you'll break even if you're lucky. If you have an iphone and 1 minute per day.... You'll score big. 

Happy to answer any questions on the area or how we do it. 

Post: Building cabins for short term rental?

Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Rental Property Investor
  • Tennessee Florida
  • Posts 4,236
  • Votes 5,689
I’ve got 6 cabins in Pigeon Forge. There are thousands already built to pick from. We do great we’re very happy. And we manage remotely.