All Forum Posts by: Sarah Kensinger
Sarah Kensinger has started 6 posts and replied 2203 times.
Post: SPI Hotel Occupancy Tax Ordinance
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
Hopefully someone at the city knows and can help you. You may need to keep asking and calling until someone gives you an answer.
Post: Top Ten Cities for STR revenue collapse
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
This topic is getting old.
Post: 50% Crash in Airbnb Revenue reported in some Cities
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
Quote from @Account Closed:
Quote from @Sarah Kensinger:
Rich Somers just talked about this on Instagram today and made a pretty good point about these numbers that everyone is believing!
I second what he said, we need to be asking where are the numbers coming from? Not every location that is "down" is truly on the downside and there is real time data to back it up.
Post: Distant STR ownership
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
I can help you with the STR regulations...Deadwood is totally off the table unless you go outside of city limits. Also, it can be a bit seasonal unless you have a property close to the ski areas. There are pockets of affordable properties, but it can be expensive in the Deadwood/Spearfish area.
If you need a realtor I would highly recommend @Aaron Schrader, he is great to work with and knows the area well!
Post: Set up an LLC out-of-state for my first STR
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
Get connected with a STR attorney or even just a real estate attorney that can help you decide what is best.
Post: AirBnB Revenue Collapse? Near 50% in some areas......?
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
Not sure if this was already mentioned on this thread and I just mentioned it on another thread that posted the same topic. But Rich Somers just made a short video on Instagram today and made some good points about this graph. He asked some questions that we should all be asking!
Post: 50% Crash in Airbnb Revenue reported in some Cities
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
Rich Somers just talked about this on Instagram today and made a pretty good point about these numbers that everyone is believing!
Post: How to analyze profit and loss with 20 rooms hotel/resort style STR
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
You can and I repeat can run a small boutique hotel as a remote STR style with NO staff. We are in the process of working this out for our company and we're part of a group of STR hosts that have done it several times!
I would say to underwrite the expenses at 60% of the total projected revenue to make sure your stressing numbers enough. Otherwise, your numbers look good, although I would have occupancy at least at 45%.
If there's any questions I can help you with, please feel free to reach out!
Post: AirDnA worth the money
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
Yes, they are worth the money! Just make note that cleaning fees are included in the yearly revenue.
Also check out STRinsights and see if they might be another data site you like.
Post: Selling a STR, furnished or not, list with agent or not?
- Real Estate Consultant
- Ohio
- Posts 2,235
- Votes 1,298
Selling a STR furnished is great for the next owner! Instead of purchasing all the furnishings they can just swap out a few things they might want to change.
As for the rest of your questions, I think you need to figure out what works for you and do it!