All Forum Posts by: Nicholas Hausmann

 They had a panel from Wayfair Professional, Krysten Sjogren, and Brea Faeth talking about the design of their STRs. Basically the theme be different, be bold, use color, quality goods, stay on budget. 

To each there own on the dynamic pricing strategy. The majority of those in attendance used some dynamic pricing tool (mostly Pricelabs). Pricelabs is $20/month. My time is worth more than that. Why do it yourself when someone else can do a better job and for less money. That is another key take away from the conference "know your worth".  Also the Enemy Method should be used more of an adjunct to AirDNA, Rabbu, etc. I think using it as a daily pricing strategy is a waste of time. 

As for direct booking check out Mark Simpson with Boostly. He has tons of strategies outlined in his book The Direct Book Playbook. Check it out. 

I am a first time investor and looking at multiple markets. I am considering a property between Sunnyside and Laguna Beach. The property is 0.4 miles from the beach. The house itself is a fantastic fairly new build (2017). My biggest concerns are 1) the property is not exactly walking distance to the beach, and 2) the area looks a little crummy in spots with some trailers. Should these be deal breakers?

I am looking at purchasing my first short term rental. There seem to be plenty of lots available but few homes in my price point. I am looking into beach markets in Florida and Alabama. I have found that a modular build may be an option for me. The upside of a fast turnaround, lower cost, and high quality storm protection are all pluses. What are some of your experiences with modular vs stick builds? I would love to know the good, the bad, and the ugly. Thanks

I live in St. Louis and looking at buying a property in Springfield, IL. Springfield is only about 2 hours from me, but don't know much about the market. Properties seem to be pretty inexpensive. Many duplexes are under $100k and LTR at $750, STR at $100-$125/night and midterm at $1500. I'm looking at a duplex and running half as STR and the other as mid-term for travel nurses. Is this reasonable idea for this market? With this plan I would need cleaners and contractors/handymen. Any input would be appreciated. Thank you!

I am an RN and looking to start my REI side hustle. I have heard in STL travel nurses are paying $1,200-$2,000 for a furnished 1bedroom apartment. Is this investing space good for a first time purchase. Side note, I have a small amount of capital to start, so I'm looking for either hard money or HELOC or combo, then refi.