All Forum Posts by: Sarah Kensinger

Yes! The reply is always "Talk to ____". So glad everything worked out!

I would also be taking an honest look at my property to see if it needs an upgrade in design, and if the STR even stands out enough in the first place.

Now this is a first! How funny!

We're messing around with Jurny...It's a new PMS but everything is rolled into one. And of course, Minut for smoke and noise. 

We utilize the 0% CC as well! This is a great way to furnish a property or make some repairs! But you also need to have a plan to pay the CC or roll the debt unto another CC before the 0% is up.

I know Michael and Elizabeth Chang started in NYC (which has since banned STR) but other than that I don't know of any others. I would suggest getting in the right rooms/groups to learn more about arbitrage and how to be successful. Unfortunately, there's not many on this forum that you'll be able to tap into. If you start hanging out with STR hosts, you'll find there's more doing rental arbitrage along with owning or co-hosting then most people realize.

Quote from @Andrew Steffens:

This is good to know! I'm guessing local insurance companies are still better then out of state?

It wouldn't hurt to use Pricelabs for a bit and make sure you're not leaving money on the table. The cost isn't much for one unit and at 92% occupancy, I have a strong feeling you could be priced a bit higher.

I've heard more than once if you underwrite an RV at a 1 bed/1 bath it's pretty accurate... that's in the popular markets people enjoy staying in RVs. Of course, we would be using Airdna to help pull some numbers of the area.

Quote from @Pablo Flores:

Quote from @Sarah Kensinger:

Right now, Stayfi has been beyond a pain!! There's a number of people in our STR mastermind that have been working with the Stayfi CEO and COO, to try and resolve the connectivity issues that have been a major problem. Right now, we don't have plans to use them until we hear more positive feedback. If you want to gather emails and do some email marketing, there's a new company that many hosts have been pretty happy with....Go STR Marketing

I will check into this company. i don't think this will be a substitute for StayFI as you still need a better method of capturing data beyond just the contact date you get from your PMS. But this would be a great complement to StayFi. I current use another marketing company called Swithback but they are quite expensive.

Oh yes, it's totally different! They capture the email off your PMS and then send out marketing emails/text. But you should be gathering emails just from bookings that your PMS stores, then you don't have to worry about getting the kids emails etc. If StayFi gets their act together you could use them, but I'm also one of those people that has mixed feelings about their way of collecting emails.