All Forum Posts by: Rosston Smith

Accurate information, thanks for sharing. 

Duvet inserts are not cleaned every turnover, duvet's are cleaned every turnover.

Throw blankets & bath mats are cleaned every stay. 

Throw pillows are only cleaned when visibly dirty 

Proper Insurance

I've heard it all now, LOL. Good response. 

• What do you wish you knew before starting?
  -Don't overpay for arbitrage, OR don't arbitrage at all. 

• Any beginner-friendly tips for managing properties effectively?
  -Read & learn daily on new methods and compare & contrast processes

• Are there markets you think are still worth exploring? We have been looking at Broken Bow OK, for a cabin type airbnb, due to proximity (located in DFW).
  -Areas within 20-30 minutes of popular attractions, OR high population growth areas 

• That said, one of my concerns is property appreciation. From what I’ve seen, values in Broken Bow don’t seem to rise as fast as in other markets, so I want to make sure the numbers make sense long-term
  
  I focus cash flow, not appreciation 
  
• Any advice on common mistakes to avoid?
  -Cheap furniture, unprofessional photos, lack of amernities in the home 

I'd be interested in this as well, however I can't imagine how the data could be reliably sourced nationwide. So many variables. 

We've used Truvi in the past and quickly left. Low coverage rate for claims and lengthy resolution times. I don't recommend them. We moved to Safely.

Love the change regarding recent reviews, very in interesting

Quote from @Austin Fowler:

Quote from @Rosston Smith:

Quote from @Austin Fowler:

Quote from @Rosston Smith:

Quote from @Austin Fowler:

Quote from @Rosston Smith:

My company is currently expanding our cohosting model. 

Isn’t cohosting similar to property management where you do not own the underlying asset? Does your company own short-term rentals?

Yes that is correct, we do not own the underlying homes, we assist with the operations of the owners business. 

Are any of your owners on BP? Would love to hear their thoughts on expansion in this thread.

Yes sir I am an owner. We're continuing to grow, primarily in Middle GA & the greater phoenix area. At 30 SFH's and looking to scale to 100 within the next two years 

That's awesome. To be clear, are the numbers you quoted for your management company? What kind of growth are you looking to see in your personal portfolio?

Yes they are. I've sold my SFH's and MFHs (5 units) and am focusing solely on growing my cohosting company. I plan to exit in around 5 years and purchase some class B multifamily around 100 doors. Search up Brooke Pfautz book on STR management and that's essentially my focus. 

Quote from @Austin Fowler:

Quote from @Rosston Smith:

Quote from @Austin Fowler:

Quote from @Rosston Smith:

My company is currently expanding our cohosting model. 

Isn’t cohosting similar to property management where you do not own the underlying asset? Does your company own short-term rentals?

Yes that is correct, we do not own the underlying homes, we assist with the operations of the owners business. 

Are any of your owners on BP? Would love to hear their thoughts on expansion in this thread.

Yes sir I am an owner. We're continuing to grow, primarily in Middle GA & the greater phoenix area. At 30 SFH's and looking to scale to 100 within the next two years