All Forum Posts by: Ryan Moyer

The best STR market in the country is in Tennessee. Gatlinburg/PF.

Man I wish I had started my STR investing when I lived in Chattanooga 10 years ago.

Never on accident ;)

It's hard to find a market that's not renting well right now.  What is your market?

It's pretty simple.

STR

• More work
• A lot more money

LTR

• Less work
• A lot less money

Disney area, Destin.

Thanks for sharing!

What is the basis on the 120k gross revenue projection in Florissant, CO?  I'm always curious in these kind of in between places what people are even searching for when they rent there.  It seems too far from the ski resorts and too far from Colorado Springs to show up in the search results when people type those locations into VRBO/AirBnB.  Are people actually going on VRBO and typing Florissant, CO into their search bar?

If the market is at least mature enough that you have to get a permit to run your STR then typically any changes will only impact new permits and you will be grandfathered in. Typically. But not always.

Do you ask for reviews?  When you ask for them do you just ask for a review, do you ask for a great review, or do you ask for a 5* review?

I don't have anywhere near 991 reviews but so far fortunately I haven't run into anyone that loves the place and then leaves 4 stars.  One thing I do is CONSTANTLY use the terminology "5 star review" in my messaging with the guests.  All of my automated messages start with some form of "I hope you're having a 5* stay".  When guests message me with an issue I specifically reference taking care of it because I want them to have "a 5* stay".  My post check-out messages specifically ask for a "5 star review".  My wifi password even has the term "5*review" in it.

I don't know if it helps or if I've just gotten lucky, but I absolutely hammer it into my guests head that I'm not looking for a good review, I'm looking for a 5* review.

It's just statistics.

 Do you mind sharing gross revenue and size/amenities of the place?  Everyone has different thresholds for levels of success so numbers are very helpful.  If not no worries!