All Forum Posts by: Trent Reeve

I’m starting this thread to help my wife gain clarity and resolution on some issues she’s having with pricing, and hoping we can get great feedback from all of you to help us remedy the problems.

Currently we have been using Guesty as our Channel manager. My wife has been managing our STR's for almost a year now with pretty good success. However we consistently have issues with pricelabs not properly pushing over the pricing she has set for our properties over to Guesty which then results in the nightly rates not always updating on Airbnb or VRBO. It's sort of an intermittent problem so it's been difficult to truly identify the real issue.

So I was curious if the issue has anything to do with Guesty and if any others have experienced similar problems.

Also, now that we are entering into a new year (our first FULL year as hosts) we are considering a change of channel managers and wanted to see what the BP community recommendations are?

Thank you all for your continued guidance.

I switched from Guesty to Hospitable. I was also having connection issues with VRBO. I also manage units for other people and surpassed the 4 unit limit fo Guesty for hosts. I looked at Guesty Pro but it’s very expensive. Hospitable is one of the cheapest solutions and have had the least connection issues so far. I’m very happy with it. I would be happy to answer any questions about hospitable for you compared to guesty

how do you like the direct booking part? ive seen a direct booking web page example from OwnerRez, but i cant find an example of one on Hospitable.

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Quote from @V.G Jason:

Quote from @Brian Barch:

Quote from @Jon Tungsten:

From the podcasted referenced by OP:

“Analysis of the short term rental market in the Phoenix area shows that 65% of listings had less than 90 days of occupancy throughout the year.“

Seems like many of these operators are going to be in a dire financial position.

I'd imagine a good portion of the STR market is still passive people listing out their primary residence at various times.

I think cities are going to tighten this up very quickly.

they are getting people to buy license, pay tax. why do you think they would want to give up that revenue?

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not to be that guy, but did you search the posts? questions about channel managers comes up a lot and have been answered and described quite a few times.

Personally, i was recommended and am using Ownerrez. one reason i chose was because they add in direct booking to the capabilities.

1 Vote

Quote from @Andrew Steffens:

Quote from @Pablo Flores:

@Andrew Steffens

Do you ever get guests complaining about every person having to complete the initial form just to access the Wifi? That’s what I saw you had to do from their demo video.

Regarding Charge Automation, when I get a booking the guest automatically gets an email to complete a pre check in form that needs to be completed for them to download the house manual. It lets me collect user data and I don’t have to worry about manually sending out the house manual to every guest. But the real selling point for me is that as part of their pre check in process they can purchase certain Upsells like pool heating and early check in.

That sounds cool, I will look into it. As far as complaints, no not really ever. The very few I can recall we can just give them the direct network info to collect. It is a requirement of hotels and airports etc to put in an email to access their wifi so I think people are used to it.

that isnt true. now many configure it, but that is their choice for data collection and marketing.

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Quote from @Dave Stokley:

Why do you want less seasonality?

im assuming they are trying to look at an area that rents year round vs only in-season

1 Vote

Quote from @Jonathan Weaver:

Quote from @Bill B.:

Two things not to forget. (1) You’ll only be running that depreciation against your rental income, so that’s your savings cap (per year). (2)When you sell you’re going to be taxed at 25% on that depreciation recapture. Keep that in mind if you’re regular tax bracket is lower than that.

Question on this. If they are doing an Airbnb, isn't that considered active real estate? Wouldn't that allow them to take it against W2 income as well?

it would.

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Nashville, Tennessee

Quote from @Brian Barch:

Navigating STR insurance is still the Wild West a bit.
Proper is known to be the most comprehensive, however they were also double the price at about $2200/year, when other quotes were in the $900-1200 range. This is for a small, 3 bed mountain cabin.

We are NOT in Virginia FYI

ahh, if only Florida insurance was that cheap

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Norfolk, Virginia

Quote from @Dave Stokley:

Am I making my life too complicated if I offer to refund him IF he cancels AND the property gets booked by another guest?

maybe mention that and maybe offer a discount on a future booking?

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Quote from @Henry T.:

Looks beautiful. I want one :) What are typical HOA fees?

yeah, that was my problem when i looked into MB. almost all properties had HOA and many were insanely high

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All Forum Posts by: Trent Reeve

Trent Reeve has started 26 posts and replied 509 times.

Post: Best places for Short Term Rental Purchases and High ROI?

Post: Vacation Rental Channel Managers

Post: Are STR's headed for trouble?

Post: Vacation Rental Channel Managers

Post: How to increase direct bookings through marketing emails

Post: STR areas/cities have less seasonality

Post: Cost segregation study for a single family short-term rental?

Post: STR Insurance Quote Estimates

Post: Refund extenuating circumstances beyond your cancellation policy?

Post: First STR in Myrtle Beach is now live!