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SVTPerformance's Chain of Restaurants
Road Side Pub
Air BNB Host
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<blockquote data-quote="MG0h3" data-source="post: 16713978" data-attributes="member: 164690"><p>I’ve had residential rentals since I was 19/20 yrs old. </p><p></p><p>Just sold my first short term rental that I had for two yrs. Couldn’t resist the check I was going to get. </p><p></p><p>So different types of rentals will present different challenges. None are insurmountable. </p><p></p><p>My unit was a beach condo in a hot spring break area. </p><p></p><p>Year 1, I was either greedy or just hadn’t been bitten and let kids rent it. Oooops. Nothing major but they broke about $600 in misc small items and left it full of trash. </p><p></p><p>Never made that mistake again. </p><p></p><p>The second biggest hassle was winter Texans. Yep. Old white people. Holy shit. Thought it was great because they’d rent for a month. What a nightmare. Had the wife emailing me daily about how I should change the curtains and shit. </p><p></p><p>So I bought this place with a property management team in place from the previous owner. This worked well because there was housekeeping and maintenance teams lined up. </p><p></p><p>A few months in I opened my own AirBNB and VRBO. There were a few missteps as mentioned above, along with developing my own contact set for contractors for quick repairs. </p><p></p><p>I’m about 6 months, I totally overtook my property management company in reservations. </p><p></p><p>The whole process became an afterthought after awhile. </p><p></p><p>The pricing matrix on Airbnb and VRBO both suck bad. I used 3rd party pricing that overwrites them for a small fee. </p><p></p><p>Sounds like you haven’t even bought the place but if I were to get a vacation rental, I would absolutely rent it like I was. </p><p></p><p>The main thing to ensure success is having good communication with your guests. I would straight up ask people how old they were if I had a bad feeling. Never had a single issue with family groups or middle aged couples or groups. There will be times when they’ll message you about things you e included on the check in instruction sheet but it’s really no big deal. The app works similar to texting. </p><p></p><p></p><p>Sent from my iPhone using svtperformance.com</p></blockquote><p></p>
[QUOTE="MG0h3, post: 16713978, member: 164690"] I’ve had residential rentals since I was 19/20 yrs old. Just sold my first short term rental that I had for two yrs. Couldn’t resist the check I was going to get. So different types of rentals will present different challenges. None are insurmountable. My unit was a beach condo in a hot spring break area. Year 1, I was either greedy or just hadn’t been bitten and let kids rent it. Oooops. Nothing major but they broke about $600 in misc small items and left it full of trash. Never made that mistake again. The second biggest hassle was winter Texans. Yep. Old white people. Holy shit. Thought it was great because they’d rent for a month. What a nightmare. Had the wife emailing me daily about how I should change the curtains and shit. So I bought this place with a property management team in place from the previous owner. This worked well because there was housekeeping and maintenance teams lined up. A few months in I opened my own AirBNB and VRBO. There were a few missteps as mentioned above, along with developing my own contact set for contractors for quick repairs. I’m about 6 months, I totally overtook my property management company in reservations. The whole process became an afterthought after awhile. The pricing matrix on Airbnb and VRBO both suck bad. I used 3rd party pricing that overwrites them for a small fee. Sounds like you haven’t even bought the place but if I were to get a vacation rental, I would absolutely rent it like I was. The main thing to ensure success is having good communication with your guests. I would straight up ask people how old they were if I had a bad feeling. Never had a single issue with family groups or middle aged couples or groups. There will be times when they’ll message you about things you e included on the check in instruction sheet but it’s really no big deal. The app works similar to texting. Sent from my iPhone using svtperformance.com [/QUOTE]
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