All Forum Posts by: Matt Schreiber

@Cody Dastrup Hey Cody, Its Panama City Beach 

@Kyle H. Hey Kyle, thanks for your help and for running those numbers for me. I'm just curious what price point it actually makes sense to get in at. I saw a nice, new two bedroom cabin without a view for around 400k. Is that still priced too high to see cash flow? Just curious about the average nightly rate you would use when running your numbers? Thanks again for all of the insight.

@Mitch Davidson Thanks for your help. Send over your listing when its live, I'd love to see it. That small cabin went under contract today. 

@Kyle H. Thanks Kyle, I appreciate the insight. That's kind of what I was looking for, someone on the ground who's doing it over just looking at market data from one of the big sites. It seems like Blue Ridge is kind of similar. I was a little slower in Asheville earlier in the year but its picked up in the summer. I wonder if it didn't see as much investor activity in the last two years and maybe its slightly less saturated. I saw this really small one in Bryson City the other day and it got me thinking about that market again. 

https://www.zillow.com/homedet...

I’ve been looking to invest in Blue Ridge or Bryson City and I’ve noticed on the Blue Ridge side that really nice properties have been coming on the market for under $430,000 for the first time in the two years that I’ve been looking there. My question is when I go to Airbnb, I see amazing properties that are listed for $250 a night in the summer and they barely have any upcoming bookings. I’ve noticed similar results in Bryson City but slightly more booked in that area. I wanted to ask people that invest in this markets, Is it that people just book last minute in these areas or do you find that the demand is a little bit down? Thanks for any input 

Hey @Bryan Mudge awesome. I’ll message you on the side and we can talk about it. I have a really good person in Panama City. 

@John Mausteller That's Awesome John. The Outer Banks rental is in Avon, NC. I'll message you on the side and hopefully we can catch up about both areas. 

I wanted to ask if anyone has heard of the guest contact role with Evolve. It is basically a person who does cleaning, maintenance and talks to the guest while they're at the property for you. I currently use four of these people in different markets and they make it really easy to self manage because they handle everything once the guest gets to the property but they don't take a percentage like property management companies. I have a person like this in Pawleys Island, Myrtle Beach, Blue Ridge, Tybee Island, Hilton Head, Savannah, Panama City Beach, Gulf Shores, Bryson City and Outer Banks. If anyone needs a good local person like that in any of these markets please reach out but I was looking for someone like this in the Poconos and Asheville, NC. If anyone has really good local people who can manage the property like this, I would love to connect or hear about them. Thanks!

@Cam Lawler Hey Cam, I self-manage a short term rental in Pawleys and I have a local person that does cleaning, maintenance and talks to the guest while they're at the property and doesn't take a percentage. Send me a message if you want to talk about what goes into that. Congrats on the purchase. 

@Michael Harris In terms of location I agree with @Mike Smith about the South and short term rentals. I've found that around Asheville, Smoky Mountains, Panama City Beach, Tybee Island, GA, Myrtle Beach, that there isn't too much down time. I stay pretty booked in those areas throughout the year. I think Tybee Island is a pretty good market for properties over 1 million dollars, I was also thinking Panama City Beach could be good if you found something with four bedrooms and a pool and walking distance to the beach. I could be wrong but it feels like the mountain towns aren't really worth it at that high of a price point. I can't get the same nightly rates for the Mountain Towns and I don't really see the same rates as you see near the beach.