All Forum Posts by: Sarah Kensinger

Something seems a little off if the property is really in St. George. Also 30% management fee is too high! If a PM quoted that, I would do some checking around to see if you have other options. Lastly double check on the HOA regulations for a STR. I'm guessing you probably did, but this area strikes me as a possible place that HOA would keep STR out of the neighborhood.

If you want, I could make up an analysis for you using Airdna, but you'll need to DM me the address.

If it's that stressful, the property should have been sold ASAP and another one purchased so you could avoid tax penalties. Whatever strategy you choose, real estate is a good place to park a large chunk of cash.

Try to connect with people in the area....realtors, wholesalers, other STR hosts, Facebook groups, etc. But expect the property to need some work and to possibly find creative ways to finance.

I've heard from so many people that have used multiple PMS over the years, that Hospitable is the easiest for a new person. It can be overwhelming trying to sort through all the options, so maybe that'll help you narrow it down. 

This must be new...it was always around 14 days.

Yes, it's for bookings as well, that's why people get mixed up on the inclusion of cleaning fees. Sorry I wasn't clear on that.....

Many many people have done an arbitrage business and purchased property! Unfortunately, Nashville is hard with the regulations, so you'll want to really check into that. We finally have a successful arbitrager on this form regularly.... Jake Mercer would be a good person to make contact with. Or there's also Michael and Elizabeth Chang that teach all the nuts and bolts of a STR arbitrage business. Best of luck!

Try to reach out to other STR hosts in the Blue Ridge are and see what they have to say. I know a number of hosts there and no one has mentioned a lodging certificate. Although, that doesn't mean it just hasn't come up in conversations before.