All Forum Posts by: Tanner Morrill

Hey Ryan, great question. Check out https://www.boxabl.com/more and see how awesome these things are. 

"Plumbing, electric and HVAC all come pre installed in your Boxabl from the factory. Utilities simply plug in on site to the exterior corner of the Boxabl. See the image below." 

These things are gonna be ridiculously popular I think. You can tow them behind a pickup truck. 

If you have $120k why put it all into one market and one property instead of using leverage or building some glamping experiences (with me)? You could spend far less and likely reach your cash on cash returns. Around Nashville there are tiny homes and glamping opportunities on unincorporated land with few or no restrictions, and some river front properties. I'd be happy to be "on the ground" as well as a co-manager/co-investing partner. 

What Marco said. You've got to look into state, county, municipal and community regulations. I'm a big fan of tiny homes because they're more mobile if you do need to move them, people love them, you can clean them quickly, you can put them almost anywhere physically, and the cash flow per square foot is ridiculous, and you don't have to deal with construction. 

Just because STRs are allowed there now (yet to be determined), make sure there's no legislation or CC&Rs coming down the pike that will restrict future use of the house. Good luck. An alternative is to buy cheaper land and put 2 tiny homes on it with 20% down on each. Building can't be fun right now. 

 Thanks. Yeah, I put that in there and it seemed to have muddled up the conversation. I understand that a fee % is not profit margin. You're right. thanks. 

Hey BP community! If you're a professional manager of short term rentals, can you please tell me what your profit margin in and how many units you manage, and are you paying wages to yourself or others? I'm starting a business but don't know what the profit margins should be exactly. Thanks! I'll be charging 20% on reservations & OTA service fees, but not on cleaning fees. 

I have clients who just sued to get a seller to finally sell after they were under contract for 4 months and the seller tried to cancel. The case ended in a settlement and is still pending actually, but it looks like my clients will "win" and get the townhouse afterall. It's a first time homebuying nightmare. 

https://vrolio.com/ is a marketplace for vacation homes. By the way, I manage STR in Nashville so let me know how I can help.

My real estate team leader put in a pool and a bunch of concrete and it cost him about $100k.

I'm starting a STR management business and I wonder when you get several listings how do you go to lunch, dinner, the movies, take a nap or enjoy a vacation and still respond quickly without a VA. I don't want to be looking at my phone every 10 minutes 24/7. BNBbosses.com has a $20 VA training package (not affiliated). https://www.bnbbosses.com/offe...