All Forum Posts by: Michael Lynch

Thanks Again Everyone..... I will work on the things that you suggested.

Thanks Everyone! ........ I really appreciate your feedback. That's some great information.

Hi,

I am having a very hard time understanding how to do a short term rental evaluation on my property. .... AirDNA says that my market has a 56% vacancy rate. We are located 2 miles from Holden Beach, NC. It is a 3 bed 2 bath home with fenced in large playground. Is there some sort of formula to try and figure this out?

Long term rental rates show this home at getting around $1900.00 per month. It looks like it will be a close tie for Short Term or Long Term, but I want to know for sure. How do you all figure it out?

Thanks!

Thanks Everyone for your great feedback! ..... I really appreciate it. :)

 Thanks!

When I click the link, it says that the video is private, and I can't open it up.

Hi,

We will be listing our property 3 bed / 2 bath for the first time in a few months after we do some maintenance, get it furnished, and do some landscaping. People say to use multiple platforms. For example: If someone reserves the property on Airbnb and we also have VRBO or others, do we manually have to go in and fill in those dates as reserved so that the property is not double booked, or is there some sort of software / management system that will do it for us? ...... If so, what do you use? ...... Any other info that you care to share will be great! .... YouTube is full of videos about STR's, but the more you watch, the more confusing it gets. ..... We have no idea what we are doing, but need to learn as much as we can in the next few months.

Thanks! :)

 Thanks Very Much! :)

 Thanks! :) ..... I appreciate it.

We are closing on a home on Aug. 03, 2023. We will rehab it for a while before turning it into a STR..... I am a Gulf War Veteran, perhaps that does not matter, but sometimes I can get a break on buying certain things as a veteran. I am in North Carolina and need home insurance buy August 03, 2023. There are so many companies to choose from now. I currently use Farm Bureau, but the are getting really expensive, and their latest quote was really high for the year.

Do you all have any suggestions on a great insurance company. Perhaps one that might give a military or veteran discount? ..... I know that I am grasping for straws here, but it doesn't hurt to ask.

Thanks! :)

 Thanks Everyone for your great suggestions! :)