All Forum Posts by: Tyler Herlihy

Hey! Is this list in any particular order or just generally stating things that can be done to improve value?

It seems to me that some of these items are much more significant value adders than others. 

Also one thing I have learned by working in multiple areas of the country is that different markets value upgrades differently. If you are anticipating a tight budget that will force you to pick and choose between certain updates, you should research the best value-add items in your particular market, not just throw in new paint (or a $50k kitchen) and call it good.

I also think your strategy comes into play heavily on choosing upgrades because flipping vs holding makes a big difference in your end client and their idea of a living space. 

Hey! I'm using Avail and I really like it. With BiggerPockets pro, they give you RentRedi but I was already on Avail before I got the pro membership. When I get more rentals I plan to use RentRedi since it is included with Avail. They did just up their per rental rate to $7 I think (up from $5). 

I can't speak for other platforms because I haven't used them but Avail has been extremely convenient with all steps in the process (listing, tenant communication, lease agreements, accounting, and rent collection. I have heard that it isn't great when you are trying to integrate with some other platforms for your workflow or with large amounts of rentals, but I can't speak on that either.

Hope that helps!

I am also born and raised in the Carolinas. As others have said, I don't think $25k will go far for an investment in the most popular markets. I agree with Brian Barch, those are solid markets for a lower price point. I also like Greenville, SC. I think it has a great little downtown and river area, but I think the city doesn't allow STR so you'd have to go outside the city. It still may be tough at your price point though. Charleston is way expensive, but you could go a bit north to Summerville and that may doable.

Following this because I am about to open my first short term rental. I don't have much to add on the different tools yet, but I'm looking into dynamic pricing tools.

I've been looking at the two you mentioned (Beyond and PriceLabs) and also a third option: Wheelhouse. Any experience with that one?

Beyond seems like it wouldn't be a bad option for a small amount of rentals, but a larger amount of units would be more expensive.

Do these tools help with getting a rental started since I have no ratings or reviews?