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All Forum Posts by: Sarah Kensinger

Sarah Kensinger has started 6 posts and replied 2203 times.

Post: Do you really need a STR insurance?

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

There so many answers here I'll just drop this thought you can think about.....It all depends on how hard you want to gamble when that large insurance claim finally does happen.

Lastly, you want Waivo for small damage claims not your homeowner's insurance. And that can easily be a pass-through charge to the guest.

Post: Southern Vermont Questions

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

Connect with @Bob Lett...he has a STR in the Stowe area and could help you out some.

Post: Newbie STR owner again

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

You need to read over the PM contract that the current owner is under before making any decisions. There could be ramifications if you cancel any of the March bookings. I would actually be surprised if they don't have certain limitations on last minute cancellations. 

Post: STR/MTR Seattle-Tacoma Good or bad?

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

Connect with Christopher Price! He's in the Seattle area and can help you with all the info you need.

Post: Colorado's push to increase STR taxes is softening

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

This is great news to hear!

Post: Property Management fee

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

We charge 25% with no other additional fees. You do have to watch out for the "we charge ---, but there is also this fee and that fee". Many of the lower percentage companies and even some that charge the same as us, add on extra fees.

If you have any questions feel free to reach out! 


 do you have a tech fee or setup fee at all or just straight 25%?

Of course, a start-up fee for our time to get everything done on the back end, but no tech fee. 

Post: How to control the utility bill for mid-term guests

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

We've seen that when guests stay for more than three months, the wear and tear on the house starts to resemble that of a long-term stay. That advantage of less wear and tear we usually see with short-term rentals? It kind of disappears. While we do appreciate the steady income from mid-term guests (which is a real plus in these economic times), we're trying to strike a sweet spot between our short-term and mid-term rental approaches. 

What are your thoughts?

This is a great point! I had never thought about the fact a longer MTR lease would start to wear the house out like a LTR. Definitely something to store away for future reference! 

Also, I've never heard of problems with setting the thermostat at a reasonable temperature. Hundreds of STR hosts use them and love that you can change the temperature anywhere.

Post: Should you hire cohost/manager for your STR?

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

Great points for people to consider when they make the decision on whether self-managing or hiring a manger is right for them. Not everyone has the extra time, or the personality to host a STR.

Post: Are there any negatives to buying an already established STR?

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

I liked what Avery Carl said on Instagram a couple months ago. Don't bother asking why someone is selling their property, all realtors answer the same...."their client wants to move on to other opportunities". They are NOT going to tell you if there's something wrong. Just do your research and make the best educated decision.

Post: Property Management fee

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

We charge 25% with no other additional fees. You do have to watch out for the "we charge ---, but there is also this fee and that fee". Many of the lower percentage companies and even some that charge the same as us, add on extra fees.

If you have any questions feel free to reach out!