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All Forum Posts by: Roland Charles

Roland Charles has started 4 posts and replied 23 times.

Short-Term & Vacation Rental Discussions

Post: Has your AirBnB become an AirBnBust? Turn Losses into $6K Monthly!

Roland Charles
Posted
  • Property Manager
  • Temple Terrace, FL
  • Posts 27
  • Votes 6
Quote from @Collin Hays:

It's a bust for most people that bought between 2021 and 2023. They paid way too much, and there's not a darn thing those people can do about it except 1) Cut their losses and get out, or 2) Ride it out for a few years and see what happens. You can list your property on every platform known and it won't matter if you paid too much.  I was flashing warnings about this scenario throughout part of 2021, and all of 2022, and was mostly lampooned for my bearishness. But things can't go up forever, and whenever things went parabolic, and your Uber driver was talking about his new vacation rental, it was time to look elsewhere for profitable investments.  

From 2008 to early 2020, there was a massive buying opportunity. Those are the people that are banking right now. That window is shut.  


Where are those people? I would like to connect with them to see how they are working through it.
0 Votes
Short-Term & Vacation Rental Discussions

Post: Has your AirBnB become an AirBnBust? Turn Losses into $6K Monthly!

Roland Charles
Posted
  • Property Manager
  • Temple Terrace, FL
  • Posts 27
  • Votes 6
Quote from @Andrew Steffens:
Quote from @Roland Charles:
Quote from @Andrew Steffens:

Adding on what John said - adding additional platforms (we are on 15+) as well as a 2 part pricing strategy (dynamic software + live revenue manager).




are you a property manager or a vacation rental owner?

I own a PM company with 60 +/- listings and also own several properties myself.  You?





 


I am the President-Elect for the Florida State Chapter of the National Association of Residential Property Managers and I own a Real Estate Brokerage that specializes in property management.
0 Votes
Short-Term & Vacation Rental Discussions

Post: Has your AirBnB become an AirBnBust? Turn Losses into $6K Monthly!

Roland Charles
Posted
  • Property Manager
  • Temple Terrace, FL
  • Posts 27
  • Votes 6
Quote from @Andrew Steffens:

Adding on what John said - adding additional platforms (we are on 15+) as well as a 2 part pricing strategy (dynamic software + live revenue manager).




are you a property manager or a vacation rental owner?
0 Votes
Short-Term & Vacation Rental Discussions

Post: Has your AirBnB become an AirBnBust? Turn Losses into $6K Monthly!

Roland Charles
Posted
  • Property Manager
  • Temple Terrace, FL
  • Posts 27
  • Votes 6


Have you ever experienced a slump in your Airbnb bookings?

What strategies have you tried to boost your rental income?

Share your tips and stories in the comments!

    1 Vote
    Starting Out

    Post: Looking to invest long distance

    Roland Charles
    Posted
    • Property Manager
    • Temple Terrace, FL
    • Posts 27
    • Votes 6

    @Sameer Deshmukh, I think all of the other recommendations are great. The key would be to perform your due diligence to determine which city and state that you would like to invest. I will inbox you so we can coordinate a one 2 one so that I can provide a more complete guidance.

    0 Votes
    Real Estate Deal Analysis & Advice

    Post: Best way to find renters??

    Roland Charles
    Posted
    • Property Manager
    • Temple Terrace, FL
    • Posts 27
    • Votes 6

    @R. Wade Williams, you really need to start by doing your research about the areas you are interested in. I can provide you some visibility into Tampa. I will connect with you offline

    0 Votes
    Buying & Selling Real Estate

    Post: Cosigning for Parents or my first rental property?

    Roland Charles
    Posted
    • Property Manager
    • Temple Terrace, FL
    • Posts 27
    • Votes 6

    @jeff 

    @Jeff Bagamaspad, I saw your post in BiggerPockets and I would like to connect with you offline to evaluate those options.

    0 Votes
    Starting Out

    Post: Newbie: 1st Investment Property

    Roland Charles
    Posted
    • Property Manager
    • Temple Terrace, FL
    • Posts 27
    • Votes 6

    @Elvis Albarracin, I agree with a lot of the comments here. There are many ways to structure deals that make sense based on goals. I will connect with you offline to discuss.

    0 Votes
    Real Estate Deal Analysis & Advice

    Post: Best way to invest money in real estate in upcoming months?

    Roland Charles
    Posted
    • Property Manager
    • Temple Terrace, FL
    • Posts 27
    • Votes 6

    @Christopher Stechmiller, I agree with a lot of the points listed here. I will connect with you offline to discuss any specific questions you have.

    0 Votes
    Starting Out

    Post: Should i invest now or wait ?

    Roland Charles
    Posted
    • Property Manager
    • Temple Terrace, FL
    • Posts 27
    • Votes 6

    @Jamilson Conceicao, The best advice that I can give you is to evaluate your market and execute based on the information on the ground! I can certainly be a resource for you. I will direct message you to discuss.

    Regards,

    1 Vote