All Forum Posts by: Sam Valme

For anyone waiting - the BP team actually made this calc! :) you should be able to find it on the site.

@Jacob if you’re talking about the default calculation it provides when you’re about to create an account. Then no, I wouldn’t say it’s 100% accurate. To get a better idea you’ll want to look at the Map and check out how much other listing that best match what your probably would look like.

Just wanted to tell the world how happy I am the iPhone X got some love with the new app update. That is all.

Hey Alex Yi , as Chris Seveney mentioned you really need to look up the county codes. A lot of counties simple don’t “recognize” the short term rental model yet. The best classification is a Bed and Breakfast. Which has a lot of stipulations an “owner” being always on site. Clearly this is a problem if you don’t live on the property. Or don’t want a long term tenant managing he property. We ran out Airbnb in prince William county for about 3 years. My which has the bed and breakfast ambiguity problem. What we found to be the most important is transparency with your neighbors. I made it a point to introduce myself to each of them and give them my business card prior to starting up. Letting them know to please CALL ME FIRST if the noticed anything going on. It was smooth sailing and we never had an issue :)

I’ll let someone else really breakdown ALL of the benefits of using an agent as a buyer lol. In short - Yes. It doesn’t cost you anything and they’ll help you navigate a lot of red tape and potential issues. :)

Hey Jake, do yourself and favor and abide by the rules of the HOA. The last thing you want to do is have the entire thing prepped, get bookings, then have to shut it down because you're getting slapped with fines. Lost time, revenues, along with upset families. Not a good combo :/ Best of luck!

Hey @Sara Abernethy, great advice! I would agree whole heartedly that a paid "course" is a bit overkill with Airbnb. An hour or two long conversation with a Superhost on the site would probably suffice. Also maybe getting a copy of how they draft their descriptions and house manual might be useful. Those documents may be worth paying for haha. I wish I had spent $100 when I started for a copy of a solid house manual. Would have saved me a lot of nights getting knocks on the front door at 11pm when they were supposed to go around back. 

Overall Airbnb has been great for our company and we're about to expand! It's always fun to hear others providing advice and tips for those about to get started. :) 

Always happy to help! Got your email as well :) there definite regulations and challenges that may pose some barriers in NV. But overall as long and you get started with something. Even if its just going to a meet up or helping another investor. One thing I did when getting started was taking folks out for lunch / coffee in my area. Gained a TON of great contacts as well as the confidence to pull the trigger. 

Hey Craig! I've looked into Pillow myself actually. They don't service my area but seem like a reputable company. At the end of the day it's all about the math. 15% commission isn't actually too bad when you compare it to the ~20-25% some management companies charge owners for beach rentals. I understand why they charge the itemized fees but you really need to have all the possible fees they may charge written out. Just so there are no surprises later. As long you're profitable at those rates give it a shot! :) 

Hey Louis, congrats on the project! Always exciting to see other Investors considering Airbnb. 2 big factors to consider, 1- the cost to furnish the entire unit. This may have not been factored in your original numbers and could skew any calculations you've made. 2 - Insurance for an Airbnb is different than for a regular rental. In addition to the pool, theres a chance you may have to jump through more hoops when getting coverage. 

Best of Luck!