All Forum Posts by: Napoleon DeCiutiis

I am new to real estate investing and i am prepping a property for use as a short rental or a regular rental but don’t know where to start please any help with how to go about this will be appreciated 

Clueless iffy 

Hello,

I am just getting started in my REI journey. I've been reading books and listening to podcasts and following different successful investors online. However, I do still have a lot of questions. I have tried reaching out to some investors to try and get a mentorship, many of them say they offer coaching. What are your thoughts on this? I understand wanting to get paid for your knowledge and experience but a part of me also get a scam vibe from it as well. Anyone here done those coaching before or what are your thoughts on this? Thank you!

I have couple of short-term rentals.  I need to get them on many short-term rental websites (i.e. airbnb, vebo, booking.com...etc.) for most exposer to my properties.  Who do you recommend (i.e. hostaway, guesty, hospitable...etc.) and why?

hello i am looking to start out my real estate investment as soon as possible. i have came to the conclusion that i need to pick a market that i want to invest and then the property(that probaly seems obvious). Anyways there are no real a class locations near me. What can i look for in areas around me to chose the best loaction is my gerneral are around me?  The only reason i want to stay somewhat close is to house hack as my first deal. thank you so much for your reply in advance. 

In Short No it’s not.

I feel like this is a question for so many markets and it depends. In comparison to markets like Sevierville and Panama City Beach we are no where near saturated. 

The most important thing is to stand out from your competition. This isn’t as easy as build it and they will come. You need good location, decor, amenities, and customer service. That is still very easy here.
I have been telling people lately that yes there is on average a 30% increase in STRs over the US. That’s a lot. But many of these hosts think it’s instant easy money and they don’t put in the effort. Give it time and 20% of those people will quit. You have to be a professional host which isn’t hard.

We have a home we manage in Fairview and Black Mountain and they are the perfect example. Our Fairview house we spent most of our budget on amenities and extras and ran out on the decor so our decor is basic and in some rooms unfinished but our guests never notice. They come and always say we have everything they could want and more and have so much fun.

Our other property the client spent all of the budget on decor and very little on amenities. The house is gorgeous and it definitely draws customers but in the long run they don’t have much to do. It’s a nice house. When I go on vacation I want to be close to a fun area but also have fun at the house. Luckily the client has spent some money on amenities and is improving

There has been an increase in homes, many are just homes with furniture, some are homes with beautiful decor and nothing to do, the ones that perform the best are also the fewest, good location, decor, and amenities. So if you plan on doing it right you don’t have alot of competition. But if you want to just be another basic house yes it’s over saturated.

If you want advise on location, running numbers, a specific property, what amenities to provide, cleaners, contractors, really any questions whatsoever just give us a call. We had some great mentors that helped us get started so we love helping others.