All Forum Posts by: William Brock

@Account Closed Good job, especially the deal negotiating, but sorry to hear about all the annoyances you dealt with. It was a pleasure meeting you and hope to grab another beer soon!

@Jason Hirko Glad to hear there's some action down there! The nicer of the properties that I watch on the different MLS sites seem to be snagged up fairly quickly (couple weeks max) so I know there's a desire to be there :)

@Michael Smith When you say "cleaning costs are passed along to the guests" how exactly does that work? Are you saying the cost is taken out of the collected rent before you get your payout? Or is there literally a visible cost the guest sees called "cleaning fee" or something similar? I'm pretty sure it's the first, but just want to make sure because I've heard multiple people word it the way you did and just want to make sure my understanding is correct. Thanks.

@Mark S. That's right, we did indeed talk about that! Thanks again for the Canyon Lake advice.

@Brandon Miller Thanks for the info! Yeah with the fluctuating occupancy rates, I'm finding it harder to run numbers than on a long-term rental with a consistent monthly rent.

@Mark S. Thanks for the advice and I agree. I've have my agent make sure each property allows STR. Did you end up buying an properties there? Any other STRs somewhere else?

Thanks for the info. Does your Canyon Lake property have a view of the water? From what I've gathered that's paramount for a house on a lake to do well. Do you personally manage the STR near Lake McQueeny? Why does it do better? Have you worked with any other mgmt company? Or have you managed an STR yourself and what advice can you give if so? How did you setup cleaning?

I recently posed this same question regarding Lake LBJ & Lago Vista, but I was wondering if anyone has any experience with STRs in Canyon Lake, TX? I only have long term rentals and am looking at investing in a lake house to use myself a couple times a year, but to rent the rest of the time. So my questions are:

• What are the annual occupancy rates? Good or bad relative to other nearby
• What means to you use to come up with your nightly rates?
• Anyone using Evolve Vacation Rental management or other companies? TurnKey? Vacasa?
• What's your ROI? This number seems to be somewhat tricky to nail down.
• Are there better or worse areas to invest or watch out for, for whatever reason?
• Any tips or tricks?

Thanks for any and all advice and have a great week!

Sounds like a plan, I've started stashing stuff around the house and reminding the wife not to get rid of certain items. And yeah, that sounds like not a bad problem at all haha.

@Mark S. I was recently married in Dripping Springs so I can agree when you say that everything out there is always in high demand. It was hard to find availability for all my family and friends from out of town last spring because of it. Yes the STR is definitely going to be a getaway for my wife and I, and the other investor and his wife. How did you initially furnish the home living 3 hours away? Lots of driving back and forth? Payed to have it furnished? And that's interesting that a 2/2 does the best in hill country, I hadn't thought a specific size would do better, but there's always a million ways to analyze an area :)

And as always the more info the merrier!

Thanks again!