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All Forum Posts by: Michael Baum

Michael Baum has started 108 posts and replied 7952 times.

Post: Over Saturated STR Market?

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

My wife and I spent a couple weeks in the White Mountains of NH quite awhile ago. I have always wanted a STR there and I am taking a look at it.

It does have me concerned that the Conway area is thinking of restricting VRBO's 

https://www.conwaydailysun.com/news/local/unfairbnb-short-term-rentals-mired-in-controversy/article_8276bd60-01f3-11e8-a0c8-e3c7f407ccff.html

Post: Coeur d'Alene North Idaho REI Meeting

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

I am going to try and be there. I am in Western WA but looking at STR in Idaho. :)

Post: ATTENTION: Olympia REI Group Meeting

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

Ok, so I am sorry I missed the meeting. I saw at the top 9pm and thought to myself, Dinner at 9pm , ok!

Anyways, I got there at 8:45 only to find everyone gone. Hopefully it was a good one! 

When is the next one? I will be there!

Post: ATTENTION: Olympia REI Group Meeting

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

Wow! Really looking forward to this!

Post: Renting out timeshare

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

From the other side, I rented a Hilton timeshare right next to the Las Vegas Convention Center for CES this year and got a great deal. Found it on Craigslist. When most hotels are charging 5-800 a night I am in at 110.  

I used www.tug2.com and www.timesharesbyowner.com to do some searches. you will find tons of people renting their weeks and usually for a decent deal. 

I don't think you are going to get rich doing it, but if you can't use it, might as well.

Post: How frequently does something break in your STR

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

Last year we had a few things. There is a divot in the glass of our new stove top (my fault for a 

porcelain steel teapot) and the curtain tie backs keep getting bumped off the wall in one of the queen bedrooms.

Other than that, no problems. We have had great renters so far.

Post: (2) Twin Beds Vs Bunk Beds Vs Queen in 3rd Bedroom

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

Our home is setup specifically for families. We do get plenty of couples as 3 of the 4 bedrooms are setup with King and Queen beds, but the ground floor room is oddly shaped, long and narrow overall with a 3 sided wider area near the front. 

So we stuffed 2 sets of bunk beds in there and turned it into a kids oasis. It has been very popular. Gives kids some space for themselves and the adults can hang on the main floor. Only downside is there is no bathroom on that floor.

Super fisheye but you get the idea. It is a fun space!

Post: When someone inquires about staying an entire month...

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

We had an inquiry for all of Nov thru Dec 20th at our lake house. I called them up before moving forward. They were physical therapists doing a job swap in Coeur d' Alene from Colorado.

It would have been great, but the gig for them fell through. We were prepared to do a significant discount for the near 2 month stay. Winter in north Idaho on the lake isn't most peoples idea of fun (30 degrees, snow or freezing rain etc) so anything we made during the winter months was a bonus. 

Post: Furnishing or Staging an Airbnb

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

Looks great Tim!

Post: Rental lease agreement for AirBNB is that common?

Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Olympia, WA
  • Posts 8,095
  • Votes 6,800

My rental agreement is 7 pages or 9 pages with the pet addendum. I think that is a normal thing. Otherwise you run the risk of getting raked over the coals by guests.

I would rather spell out things in writing so everyone knows the expectations. The stories from various hosts can make you cringe with the outcomes.