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All Forum Posts by: Mike Grudzien

Mike Grudzien has started 2 posts and replied 1154 times.

Post: Have you ever had a guest request an unreasonable refund? How did you handle it?

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860

We never have had a full refund request, but in a couple of minor situations, after they stayed the full number of nights of the booking, I offered a "50% discount on their next stay".  And it worked.

Post: Have you ever had a guest request an unreasonable refund? How did you handle it?

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860

You did a great job documenting and detailing everything.  And that's what did the trick.

Post: When the Numbers Stop Working: Why One Investor Pulled the Plug on Airbnb

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860

It really depends on the market.  High-draw, resort, tourist markets do well consistently

We're in a college town (University of Oregon, Go Ducks!), so that is a draw.

Also Eugene, OR is situated such that either the Pacific coast or the Cascade mountains are each only an hour away in opposite directions.

STRs strategically located in large metro markets also do well.

Post: When the Numbers Stop Working: Why One Investor Pulled the Plug on Airbnb

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860
Quote from @Collin Hays:

I’ve been in this investment class for 20 years, so I’ve lived through a few of these cycles.

It’s fascinating just how far these inflated values can crash.

Consider this one…asking 1.2 million 3 years ago, asking $749K today, and it’s still sitting.  Going to be some really good deals in a few more months when panic sets in.


https://www.zillow.com/homedetails/436-Lucerne-Way-Gatlinbur...


 It's down to $725k!

Post: STR Market Insights for Marfa, TX

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860

What metrics are you using that the results specifies Marfa, versus something much closer and doable?

Post: STR Market Insights for Marfa, TX

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860

Why Marfa

Post: Experienced Private Lender – Struggling to Find Borrowers Lately

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860

Maybe Post in the Classifieds?

Post: 📝2025: Oregon Coast Vacation STR Permits, Licenses, Rules & Regulations by City

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860

AJ: great work!  As always, thank you for your insights.

Post: Free Revenue Calculator for STR Hosts

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860

Thanks for your work.

Post: Visitors to Great Smoky Mountains National Park off 1.2 million from 2023

Mike Grudzien
#1 Creative Real Estate Financing Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 1,297
  • Votes 860

If one had solid numbers to start with, then things might be tighter now, but doable.
If one squeezed into a deal just to do it, then it's coming back to haunt now...