All Forum Posts by: Michael Greenberg

I have my linens professionally cleaned and agree with your pricing logic (a little bit) Carmen.  I charge a bit more ($5 per guest) above the number of beds I have in the house.  I never get any push back about this small fee.  I would try to find an "fee" that is not excessive.

 Hi John - I would do some Airbnb testing.  Find a handful of 1 bedroom units on Airbnb and run an analysis "like units" for rents and occupancy.  You could also look to Airdna.co for compiled information if you want so pay a little to analyse this.

Mike

 I do allow adult guests with children, however I qualify them first.  

@Mike Zupan I live in the Denver area and have friends with places in Summit, one friend in Wilderness (Dillon side up the hill West of I-70..  They are able to "cover their nut" but not much more than that.  If you're goal is to have a "free" place to stay when you head for the hills, then I think it's a good idea.  They rent heavily and at HIGH $$$ during holidays, Xmas, Spring Break, and some of the summer.  Just like any real estate - LOCATION IS EVERYTHING.  One friend that owns a ski in ski out in Breck paid $500k for a 2 bed 2 bath condo 6 years ago.  It's now worth over $1M - so a long term buy and hold strategy can work for a return after you're done using it for "free".

Best of luck,

Mike

Netflix (family plan), Amazon Prime, and I use my cable account at my own home to enable stations on my ROKU's.  As long as it is disclosed on your listings (and it is on mine) I do not get complaints about not having cable.

@Rick Baggenstoss  Just a heads up - I believe Youtube TV has technology that may prevent you from using it at multiple locations.  They also only allow a certain number of simultaneous users.

I agree with @Anthony R. and @Julie McCoy here.  This seems a bit odd and extreme.  However, I did recently discover a way to add philanthropy to my business by donating a portion of my proceeds to a non-profit organization.  When I request a review from a prior guest, I let them know about the organization(s) I support and the donation I am making.  I'm not sure if it helps my business since it is post stay, but I just give-to-give, not give to receive.  I'm guessing it might increase my review response rate and maybe soften a potential negative review.

Just chiming in to thank everyone for this information! I've typically combined purchases from Amazon, IKEA (I'm handy an can assemble quickly), and fortunate that there is a HUGE warehouse furniture store very close to my STR's. Like @Benjamin Vail (who, by the way has an AWESOME last name for us skiers), prefer new, coordinating items without time wasted. 

Hi @Danny Brown! I own (4) properties and store items at each location. My cleaning crew notify me when the need supplies and I drop ship to her from Amazon. I use one of my properties to store "extra" items in case something slips through the cracks. I also have at least one set of bedding (comforter/blankets/pillows/mattress pad) for each location stored centrally. Amazon is a incredibly valuable time-saving resource for running multiple STR's and they now have their own lines of paper towels, TP, etc.... that is less expensive and of really good quality. Well worth the annual subscription fee.

@James Phan - while you're teeing your place up for sale, you can always try Zillow. I'll be selling a unit of my own this spring as the "rumblings' of the HOA are becoming too loud.

A few ideas.  Capital One Business 2% cash back (but I think there may be a cap on the total).  AMEX Platinum (or Black if you qualify).  When I had my prior company I accumulated 2-million points that can transfer to any airline/travel, still have almost all of them for retirement travel.  Amazon pays 5% cash back - that was very useful furnishing two large homes.  Check out thepointsguy (search the term on the web).  He's the master!