All Forum Posts by: Sarah Kensinger

A clear and open conversation with a "back-up" cleaner would help keep everyone comfortable with where they are on your team. Especially if you already have a primary, the secondary cleaner should be understanding of vacation and sick time that they would be on call for.

Top three mattress brands sold by Minoan this year....which is a good indication of what guests like.....Bear, Brooklyn Bedding, and Casper.

I know of a few hosts in Canada and from what I've heard STR are a whole different animal up there! There's actually a decent amount of hosts that live in Canada but have property here in the states they manage. I would do some research on your country's laws and also your area as well. If everything is good to go, you have many resources at your fingertips thanks to the internet and social media! :)

I haven't come across many people on here that have house hacked with a STR. So, it might be best to continue talking to a CPA that specializes in STR and see what all they say.

Probably just the ones I already shared, although there is TJ Tijani as well. I'm not sure if he's solely rental arbitrage so you'll need to check on that. But something we did for the co-hosting group we're in that I recommend for everyone.... On social media (Instagram) follow several people that offer a course in rental arbitrage that you might consider joining up with. Also listen to podcasts they have or Youtube channels. After a couple months you'll get a feel for their personality and how they conduct business. Whoever would be the best fit for you I would join their group, soaking up all I could and following the steps they found to be successful.  

It takes time and getting your name out there. So far, we have passed on the opportunities, because at that time it's not been a good fit for our company. If you have the extra funds to get a mentor or coach, they could help you fast track finding landlords that would be willing to do STR arbitrage. Also, they go over the landlord pain points and show how to alleviate those.

Rent Responsibly would be a good resource to start with regulations etc. I'm not sure if they're in GA yet, but you could see if they would be of help to you. 

Oh and I little hint...I keep hearing that rental arbitrage is quite popular for landlords in San Diego. But you'll need to double check on the regulations there.

What areas catch your eye, what places do you see yourself visiting, what locations can you get so passionate about, that you'll make your property the best STR for miles around? Once you have the answer to these questions, you'll know what area to zero in on. There are thousands of locations that make a great place for a STR, but if you can make it personal not only do I believe a self-managed STR performs better, but it helps with analysis paralysis.

Also, if you need help running numbers, we offer that complementary to anyone, so feel free to reach out! 

I'm just going to drop this right here. It's long but worth the knowledge so we can make objective decisions and not emotional ones.

Understanding the Real Drivers of House Affordability by Oxford Economics

If you can wholesale the condo to someone that would like to live there, I think that would be the better option.