All Forum Posts by: 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. 

My company is currently expanding our cohosting model. 

Which areas were you looking in? 

Quote from @Marc Shin:

What's a fair amount to charge for a one time pet fee for an STR stay? Is $25-$50 per stay fair?

$60 per pet short term stays (below 30 days)

$120/mo per pet for over 30days 

Hey Michael! I'm a local investor and primarily focused on STR/MTR'S and I've previously owned multi-family downtown. Would be willing to speak with you & can discuss why I've switched focus if you're interested.

Offer quick design services, complete with links to each item and 2D/3D mockup renderings of each room. If you can find a way to automate this and scale you can make a significant amount of money 

Rental Arbitrage is still a valid business model, however it is far from the most superior one. Too much risk is taken on by the Short Term Rental operator. We've managed many successful arbitrages and still have a few, but the Cohosting model is far superior as it eliminates the risk factor. 

1) Yes you need to have at least one backup to your main cleaner. Or your main cleaner will need to have enough staff to rotate in as needed.

2) You can let them know you'll schedule them more as your grow and as needs require. Be honest about how often they can expect business from you, and as they perform better you'll have more opportunities.

You can use apps like Turno. Those make it easiest to find like-mind cleaners for the STR space.

We also use the Zinus Green Tea 12" mattresses from Amazon in all of our homes. They're great and our guests rave about them!

Quote from @Roberta Markevitch:

Great comments and advice from everyone! 
@Sarah Kensinger do you have any recommendations for some good mentors in this area? I would gladly pay a legit mentor to help me fast track the process of finding properties to do this with. Thanks again.

I'd be willing to answer any questions you have to help get you started. My business is in Georgia as well and we're having great success.