All Forum Posts by: Pat Jackson

Get on a plane, rent a car, and get a short term rental while you’re there. Don’t eat in the same place twice. Learn for 18 hours a day, burn the candle on both ends, and learn where you want to invest. It’s what you know and who you know.

Pulled the trigger to stock a STR between Black Friday and Cyber Monday. It's not a million but I have ALOT of various shipments coming.

I have all orders via email. To ensure I receive all items, what's the best way to keep track? Manually enter each one into a spreadsheet, then cross it off after it's received? Print off each order, and use a pen to scratch each item off once it's received? This is my first STR, and is an experiment. Assuming it goes well, I'd like to have this problem again. Wanting to build the best system I can.

How do others overcome a ginormous amount of stuff coming in the mail?

Oh totally do it! Work out where you get eggs as part of the rent 😀. They’ll likely also garden, so definitely try for other produce as well. Being serious, ask to see pictures of their current chicken setup (if they have one). That will likely tell you if you want more or less the same on your land.

Originally posted by @Sid Payne:

It sounds like you've done virtually no research and have virtually no plan.
Good luck with that.

Is this place free or something? I know your partner is going to supply it but are they getting it for free or something?

Originally posted by @Pat Jackson:

Thank you Sid

I'm following!

Originally posted by @Paul Sandhu:

@Pat Jackson is there a demand for the kind of housing you are offering in the market that it is located?  

 I believe so, I may be about to find out!

Originally posted by @Luke Carl:

@Pat Jackson Podcast 229 strikes again.

Sounds like you’re not even familiar with the area and have never hosted so what do you bring to the table?

Grit and gumption!

Neither of us have any experience managing airbnb rentals.  This market has ~10,000 residents and ~5,000 undergraduates.  Not many airbnb units, so sort of uncharted waters.

Is the juice worth the squeeze?  I hope to find out.

Originally posted by @Clay L.:

Hey guys, first post here and really enjoying my new found obsession with Bigger Pockets.

I currently live in the Denver CO area and own another home (apart from my primary) in the Rocky Mountains at 10,000ft that I use strictly as an Airbnb. This home provides excellent cash flow averaging around $2,500 per month after all expenses and mortgage paid.

I am considering a move next summer to Nashville TN and wanted to see if people have had luck with operating a vacation rental from long distance. I am usually going up to the home at least once per month to deliver supplies and do little things to improve the guests experience here and there. I do have a dependable housekeeper and maintenance guy but I am very OCD and always updating decor and doing little projects here and there to enhance the guest experience and I am concerned that without my hands in things I will not be able to operate at the same high level and was curious what results others have had with long distance.

I am aware that there are turn key vacation rental companies that will reply to messages and schedule cleanings and such but I'm not interested in those. I am fine to continue updating the calendar and replying to guests. I just want to see how people have seen their Airbnbs perform once their personal touch was taken away from the property.

Thanks!

-Clayton

 Clayton, how did the long distance Airbnb work out with your self proclaimed OCD?

I'm considering partnering with someone to try and Airbnb.  I'm inspired to try running an Airbnb long distance.  https://www.biggerpockets.com/renewsblog/biggerpoc...

 This situation is appealing, as my partner would provide a newly remodeled 3 bed, 1 bath.  I would provide all the furnishings, (he already has the big appliances; washer, dryer, range, fridge), small appliances, linens, beds, couches, chairs, etc.  I would slowly manage more and more of the bookings, clients, etc as we built systems.  I get to learn about Airbnb from afar, he get's to see if it works locally.

Although I'd be keen to hear if BP members think this is a great or horrible idea, I'm more interested in how to most economically and conveniently stock an Airbnb.  I live in Reno, the house is in Missouri.  It's not unfeasible for me to travel to Missouri for a long weekend, hit up thrift stores, garage sales (though it's not really garage sale season), and craigslist to get used items.  However these items don't always come with receipts, one can't claim depreciation (at least I don't think I can), I can't maximize airline points buying items through airline portals 

https://www.biggerpockets.com/renewsblog/biggerpoc...

 I'd have to rent a truck of Toro, and buy an airline ticket.  

Combine these downfalls with my time, and I'm curious if I'm not better off pulling up various Airbnb checklists like this one https://bnbnomad.com/airbnb-kitchen-checklist/, and buying it all online between Black Friday and Cyber Monday.  They online sales events seem to all be about the same thing these days anyway.

I realize this second option will result in less cool stuff.  Nothing will really be chic, vintage, or otherwise awesome.  However I won't buy bottom of the barrel stuff, and I think (based mainly off my own airbnb stays where I just used the unit to sleep in) online purchase will suffice.  I'll end up spending more on the stuff, but factoring in travel and my time, will I really spend more?

Anyone have any experience in any of this?

I’m human, my tenants are human. They’re not getting a gift.