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All Forum Posts by: Sarah Kensinger

Sarah Kensinger has started 6 posts and replied 2203 times.

Post: What’s a good cash on cash return

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298
Quote from @John Ferguson:
Quote from @Sarah Kensinger:

Nothing less than 20% for sure! Tony Robinson has an analyzer you can download and of course a how-to video on how to use it.


Really great info I’m shooting for 20%. I’ve been watching Tony on the real estate rookie podcast I’m definitely going to check it out thanks Sarah!

You're welcome! The step of analyzing a property is crucial to the success of your STR!! So, the more you can learn about analyzing and underwriting a property the better!

Post: Is RankBreeze worth it?

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298

We're part of a large group of STR hosts and people use Rankbreeze or Intellihost a lot! There seems to be a lot of good value and in this year's market people are seeing good results from it.

Post: Newbie with an idea looking for advice

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298

If you don't own a home or could utilize the second home loan option, that probably would be a better option. I'm wondering what would bring tourists to the area you're thinking of. Or were you going to target people coming into the area to visit family, weddings, funerals, etc.

Post: Newbie hosting question

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298

I would go for the party supplies and a cake, or even just a cake would be wonderful!

Post: New to the STR Game. .... What to do?

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298

You need to plug your property into Pricelabs! It's worth the money to know your priced competitive and not leaving money on the table!

Post: What’s a good cash on cash return

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298

Nothing less than 20% for sure! Tony Robinson has an analyzer you can download and of course a how-to video on how to use it.

Post: Proper insurance rates going up 79% this year!!

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298

You could try Steadily which actually is a brokerage, or I recently heard someone use and like Amercian Modern using their special dwelling policy for STR.

People are noticing that STR insurance which has been relatively inexpensive for commercial use of a property, is going up across the board. Some predicted this would happen in 2023, so it's interesting to see it play out.

Also, you should never rely on Aircover but instead use Safely or Waivo for damages from guests. You can wrap the cost of that type of insurance into the nightly rate. I'm glad to hear you have had success with Aircover, when most people don't or have to jump through ridiculous hoops!

Post: Proper insurance rates going up 79% this year!!

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298
Quote from @Collin Hays:
One of these days I would love to get Proper agent on here about their company! I'm beyond tired of the misinformation thrown around on here about certain topics, including this right here!!

Post: Condo without ocean view- good for STR?

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298

@Carson McGee would have some more info for you as well!

Post: Propstream vs. Leadflow

Sarah Kensinger
Posted
  • Real Estate Consultant
  • Ohio
  • Posts 2,235
  • Votes 1,298

You should be checking into Airdna or STRinsights for short term rental revenue.