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All Forum Posts by: Salvatore Ross

Salvatore Ross has started 11 posts and replied 35 times.

Post: Ideal Property to Manage

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20

When it comes to finding the perfect property to manage/co-host, what’s on your must-have list?

Post: What experiences have you as an owner had with management companies in Miami?

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20

Hey Zach, I am also a STR operator in South Florida. Those are the main issues I have been seeing across owners as well as reviews.

Post: Looking for the perfect Upsell software for short term rentals.

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20
Quote from @Jacob Morgenstern:

Calling all PMS software companies, users and upsell apps!

I have an upsell dilemma that I have not had success finding the perfect solution as of yet.
At B&D Property Management, we would like to upsell grill cleaning and pool heating fees. Grill fees get pocketed by the management company while the pool heat fees get remitted to the homeowners. In a best-case scenario, we would like pool fees directly deposited to the homeowner's account and the grill fees deposited to the property manager's account. We would require two accounts per property. Does anyone know of an upsell company that offers the option to add different bank accounts per listing? If not, I would need to be able to pull data at the end of the month so I can determine which upsell went to which homeowner.

Up until now, we have been using the Airbnb request payment service, however, the payouts come tagged as a "resolution". We must then figure out if the payout came as a grill fee or a pool heating fee.


 Hi Jacob, check out the Host Co. Not sure if they allow multiple/different bank accounts, but I recently started checking them out for upsell on certain items in my property (i.e. extra fire wood)

Post: Build Direct through Hospitable

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20

Has anyone built direct through Hospitable? Pros vs. Cons?

Post: Deposits and Fees

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20
Quote from @Michael Baum:

Hey @Salvatore Ross, we charge a $500 refundable security deposit. Because guests having some skin in the game help keep them being good guests. Never had a single complaint.

We allow up to 2 dogs and charge $50 per pooch.

We don't bake it into the cleaning fee. We charge those who bring a dog and not those that don't.

Thanks @Michael Baum! The reason I ask is because I was doing research on others in my market and when I went to reserve with a pet I did not see any added pet fees or security deposits at checkout time. Was not sure why or how 

Post: Deposits and Fees

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20

Is anyone charging a security deposit for guests? If so, how much and why? 

Is anyone charging a fee for pets? Or baking it into the nightly rate and/or cleaning fee?

Post: Pet Friendly Pros vs Cons

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20

I am considering making my vacation rental pet-friendly or maybe just dog-friendly. 

Any pros vs cons? 

Any positive stories? Any horror stories?

Any different/unique pets that you welcomed?

Any tips on what to supply guests with for their pets?

Any tips on how to promote and ensure guests follow policy?

Post: 1st Investment Property

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20
Quote from @Brady Mullen:

This is awesome, Salvador!  Best of luck to you!


 Thank you Brady!

Post: 1st Investment Property

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20
Quote from @Dmitriy Fomichenko:

Congratulations Salvatore!


 Thanks Dmitriy!

Post: 1st Investment Property

Salvatore Ross
Posted
  • Property Manager
  • Miami, FL
  • Posts 36
  • Votes 20
Quote from @Brandon Carlson:
Congrats @Salvatore Ross . How did you forecast your gross and net profits?

Quote from @Salvatore Ross:
Quote from @Juan Barros:

congrats! I am new also and wanted to ask what is your plan? How much is the Piti and how much you plan to make a month? Short term rental? I would eventually like to own something by the beach.

Thanks Juan! I have it live on both AirBnb and VRBO as of this week and booked my first guest for this weekend. My PITI is $2950. This STR market fluctuates in seasonality, but I anticipate on making $70k gross and $20k net.


 Thank you Brandon! I leveraged a number of tools and data sets to forecast my gross, and used a str specific calculator to figure out my expenses.

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