All Forum Posts by: Scott Schuhwerk
Scott Schuhwerk has started 1 posts and replied 39 times.
Post: What are the Pros/Cons of installing Elec Car Charger in an STR?
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
Hi Kathleen,
I have a STR in Truckee and a lot of our visitors have been from the Bay Area so I had my electrician put in a 50 amp plug in our garage as that is what we have at our primary residence. At home we plug the tesla charging cord and adaptor into the 50 amp plug and charge daily with that but I haven't been able to buy another one of those for Truckee since they have been sold out. I mention in my marketing, in my short term rental agreement and in my welcome email that if they have a EV to bring their own charging cord/adapter since there are multiple types of EV's that use different cords and I haven't ran into any issues and not too sure how many people have even used it in the past 8-9 months that we have had the plug installed.
From a marketing perspective I believe it helps as there is a filter to search for homes with EV chargers in Airbnb and I list it on my VRBO listing (plus we use it when we are there so that is a plus)
I still want to buy a charging cord and if I can't get one from Tesla I was looking at this one on Amazon
Post: getting into Robuild's STR videos, how does he manage remotely?
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
Quote from @Mark Miles:
Quote from @Sean Bramble:
Quote from @Mark Miles:
Quote from @Patrick K.:
As a host my biggest fear when running an airbnb is some teens start a party. which is hard enough to prevent if all your listing is clustered in a city (you can hire someone to patrol during party hours). but his listings seem to spread out all over the place. he doesn't even have a management company and instead manages all of them himself.
how did he do it?
Not sure who Robuild is but I do the same thing thanks to an army of offshore assistants
Hey @Mark Miles - I’ve seen some of your past posts about this and am really interested in offshore help. Question: can you give us a sense of what you pay for your virtual help relative to your gross revenue? Just trying to get a sense of it vs traditional property mgmt
Also better than managing everything myself. I happily give away 5 to 10% of gross revenue to my offshore assts to have a high earning business on total auto pilot, it is 99.99% passive income.
I know I’m gonna sound like a jerk when I say this, but in all honesty, the most amount of time I spend every month is transferring the profits from my business bank accounts into my personal bank account. Because of course I don’t give anyone else access to my bank accounts. I spend like an hour every month going into all my business bank accounts and transferring the profits to my personal accounts. But I usually have a good sports game on in the background so at least I can keep an eye on that while transferring money around.
As I’ve said before, my offshore assistants can:
- call someone to clear the road of snow leading up to your cabin
- call someone to remove a 50 year old tree that fell in your driveway last night and the guests can't depart.
- call someone to remove a snake from under the sofa
- call someone to remove the trash when it's piling up
- help guests find your cabin when it is 1am and they are completely lost
And much much more! They speak very good English and handle everything for me, I would highly recommend it as a method to try to make your STR business 99.99% passive
Mark, @Mark Miles do you use a specific offshore VA team/company or did you hire individually off sites like Upwork, bestonlinejobs, etc?
Post: Meetup and chat about the STR market
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
I am not in Phoenix but I would love to be in on this if you guys end up taking this or any future meetups virtual
Post: Vacation loan/Second home loan for STR in Joshua Tree
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
Quote from @Mathew Garcia:
Hello everyone. I'm currently seeking a vacation home lender to be able to put down 10% on a STR in Joshua Tree. I understand that the property has to be used by the owner at least 14 days out of the year, but are lenders usually okay with it being used as a short term rental as well? I'd obviously be transparent about it with the lender to avoid problems down the road, especially once acquiring the loan and the property. Any references/information on this matter would be greatly appreciated! Thanks in advance.
Hi Mathew, I am a lender in CA and we handle a lot of second home loan financing, which can be done either as 1 loan up to 90% LTV or to break up to two loans to remove some of the larger new hits (LLPAs) Fannie Mae has imposed on 2nd home loans , a 70 1st and 20 2nd or 75-15% are both good options.
I am happy to answer any questions you have.
Thank you
Post: STR/airbnb in the Sonora to Dodge ridge ski resort area
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
Looking at areas throughout CA, just doing research right now to find an area to focus on, Yosemite, Three Rivers, Truckee are a few I have been looking at.
Post: Short Term Rental Permit Approved!! :)
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
Quote from @Nicole Masters:
Hey all! Some good news! After a very long and tedious process with the city, we finally got our short term rental permit approved!
Woohoo! :) Please check us out! Yucca Valley Airbnb
Post: Has anyone had success with STR in the Downtown Sacramento Market
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
I was just on their website looking at the permit process:
Looks like 90 days max until you get a conditional use permit but still reading as it seems a little unclear:
A short-term vacation rental may operate from a location that is not the operator's primary residence for a total of 90 days in a calendar year. After the operator exceeds 90 days in a calendar year, the conditional use permit process must be started. Until the conditional use permit is applied for, an operator of a short-term rental is required to apply for a short-term rental permit. An annual business tax as a hotel of $50 and collection and remittance of transient occupancy tax of 12% from renters is required of all short-term vacation rental operators.
Post: STR/airbnb in the Sonora to Dodge ridge ski resort area
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
@Himanshu Singh did you ever end up purchasing in this area or connecting with any good agents? I was saw this area, Yosemite and Three Rivers all on an AirDNA list of popular STR markets to purchase in, curious about any feedback you have got so far.
Post: Has anyone had success with STR in the Downtown Sacramento Market
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
Hi @Joseph Goode I didn't see any responses on this so I wanted to see if anyone did get back to you via PM as I am interested in this topic as well. I have a STR in Truckee that has done very well and I am looking for another STR, was thinking of the Sacramento market but I hear conflicting info on the permit process and the ability to rent it out for more than 90 days a year as a STR.
Post: Short Term Rental Sacramento Area
- Lender
- Lincoln, CA
- Posts 45
- Votes 17
Quote from @Trish Mccoy:
I would recommend foothills out of Sac - like Auburn, Grass Valley, Murphys, etc... these are places people drive to form Bay Area to get away, weddings etc...