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Want to recommend a gated community to me that will allow for Airbnb rentals?

one of tge best videos on YT. I'm off to list my property right now!

Families with young children have left the worst mess. I understand kids dont fully understand but there parents not monitoring them is the issue. Stains, food crumbs all through the house, things touched that arent supposed to.

I miss the days when neighborhoods were full of families and people who knew each other. There is nothing a Airbnb owner can ever do to bring back a sense of community and long lost neighborhood connection.

That is what great customer service looks like ❤

How about hosts stop lying about property descriptions. Then you can get good reviews HONESTLY

Thank you for this information. I was reading the info on my phone. But I didn't want my face glued to my screen reading. This was easier.

Thank you! I rarely comment on any videos, but this one was positive, practical, super helpful, and reassuring as a true ,true rookie. Knowing the major steps and having my "WHY" clear as pie, is key. I'm not fully ready, but ready as I can be and learn as I go and grow. THANKS!!!!

You’re spot on Richard.

Have turned down guests from China that wants to rent for 1 month,2 months, and 3 months at a time. Usually 1 guest traveling with his/her parents. They usually want to communicate directly via WhatsApp. The long rental might be due to getting a refund (cash) after complaints. Complaints could be anything plumbing(created), bed bugs (no proof).

For the price, those are huge misses! I would expect the coffee brought to my room! I'll keep taking my business to the smaller boutique hotels where customer service is paramount!

Thank you so much for this review. I used to go here but I feel the management group has become entitled and is living off reputation. I’ll continue to go to the Rowan instead which, obviously isn’t the same, but coupled with the location is a far more logical choice. The Parker no longer gets it should be about park, toss keys to the valet and enter Valhalla for a few days.

I did not receive my money from airbnb until this date? ? ? Since one month ago

they owe me as well

Also ,your not the geezer from Sparks ,are you?

NO!

I understand the concept behind this, but not only are you cutting off clients (and potential returning clients) but you are affecting the majority of up & coming creatives. I understand having boundaries, like no smoking/etc, and yes a gut feeling can prevent certain unwanted guests, but having this be the general standard seems to affect not only the creatives, but also the would-be hosts. Of coarse in no way am I condoning those who don’t respect another’s home. I also would understand this method for popular homes that are consistently booked. Idk if it’s make sense, but maybe for those occasions raise the returnable damage fee in case of issues.

I don’t think her website is working.

So helpful

I can get any bad review removed for anyone, let me know if anyone is interested.

What if the neighbour's goal is to not have an airbnb next to their house?🤔

Love the topic and knowledge share. More videos like this!

No link? Would love to try these!

Run from AirBnB. They start to play around your payouts. I have had several missing payments! They just keep lying and ignoring you! Horrible! AirBnB is now a horror story.

Focusing on a key customer type makes great sense. Is there a risk of alienating other potential customers? Or do we just ignore them and keep focus?

Very helpful thank you 🤩

Instructive

Good trading

This was very insightful! I have one successful STR and now have 5 wooded empty lots under contract. This is in Virginia with the goal to custom build 5 cabins close to each other but with shared hotel-like amenities. The zoning just allowed short-term rentals by right for our lots. Financing is going to be interesting as these are 600sf high-end single family dwellings (1-2br) without any comps at our high cost per square foot. Would you have any advice for financing these properties? I’m thinking a private money construction loan as the least constraining yet expensive option. And do you refinance them altogether or individually? I’m just not sure. Thank you for sharing your insights, Richard. Wishing you much continued success!

Many STRs are located in commercial zone so it’s possible to have the cake and eat it too

We only have one STR and 4 LTR's. we like to keep it simple and manageable. Hotels are not for us. If and when, the STR sales decrease, we'll just make the STR. an LTR. LTR's in our area (Wayne/Holmes County, OH) are hard to find and expensive for the quiet rural settings we enjoy.

Hello, I can totally relate to this trend as you are getting from professional individual to an actual business. Looking in the future not 1-2 years but 10-20 years in terms of lease contracts or structure quality was a learning for me. Also as operating in Germany, Europe i would say in terms of regulation we are abt. 2-3 years past the US and more and more people start realizing what a huge impact commercial zones have. For me the biggest difficulty is scaling up and find investors to build up bigger units. Wish all the best ❤

Great Erika and Richard! I'm moving into the resort space from Airbnb so this type of content is helpful.🎉

Good luck in your endeavors Richard! I’m rooting for you.

For years I've wanted to do a small hotel on the beach. There are so many run down motels that could have amazing potential. You did a video a couple years ago about renovating a hotel near Edgecamp that I loved.

I like what you are doing! I can see how this could be a fun learning project when your other income streams have you in a comfortable position. I’m guessing you just roll with it when unexpected costs arise due to the learning curve. It would be great if you could give us a breakdown on costs after your finished. Something like what was your cost per sq foot to build excluding the cost of the land. If you can share your rental projections as well, that would be awesome. Thanks for sharing!

What happened to STR 3.0 and that promising new asset class ??

I’m interested in buying multifamily unit to operate as str. Are they different than motels/hotels regarding regulations that you’ve talked about in this video?

Very interesting. Part of my motivation to switch from STR to Motel/Hotel was regulation. The life safety and ADA compliance was a huge PIA.

I am also considering transitioning from str to hotels. I am curious on how you finance those projects. Also how do you value them to set a manageable buying price. Since transactions are extremely rare in my area its hard to find comparable or anything else I could use to assess value. And since not a lot of people invest in hotels there is not a lot a content on negotiating seller financing / negotiating price, how to finance, how to refinance after improving the units, what is a good Debt-service coverage ratio, what is a good Gross income multiplier.

Richard, I love you. Your content got me into the STR market. Renting out the downstairs of my home has made me a few thousand bucks every year for the past 5 years. However, I feel your original audience cannot relate to any of your new content. I wish you all the best, but none of your original audience gains anything of value from your current content. Go with God.

Are you selling off your str properties?

You won't have those issues staying at Auga Caliente Rancho Mirage. Amazing huge rooms, coffee maker every room, coffee shop right off the elevators, Valet, and huge Casino and great restaurants great pool.

I certainly focused on the revenue first and then the delight. I grew to 7 airbnbs via rental arbitrage and sacrificed poor customer experiences by renting apartments in bad areas but with low rent. I’m currently selling my portfolio then I’m going to revamp my str business going forward with keeping delight at the forefront!

Is that actually where TIPS came from? “To Insure Proper Service”? I don’t believe that but also, could be convinced lol

Dont forgot to mention the degrading of service workers, abuse of service workers, and stuff like that. People arent very kind to low level employees espcially older folk who sometimes have a real big chip on theie shoulder.

Thanks for sharing this advice Richard, it's insightful to hear your perspective 🤙🏻

Thank you so much for taking the time to create these videos. Amazing content as always ... And DEFINITELY want more of Erika!!

Thanks Richard and Ericka! Always enjoy the videos! And Ericka.... I'm still waiting on some wedding deets!!! Lol! I know it's gonna be awesome.

Erika is the best. Smart and adorable- the rarest and best combo