YoC STR

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YoC STR

YoC STR

@YieldOnCostSTR

Short-term rentals (previously VC-backed, now just me). Reformed finance guy. Golf dork.

Katılım Ekim 2022
215 Takip Edilen4.8K Takipçiler
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YoC STR
YoC STR@YieldOnCostSTR·
As promised, here's the link to the full STR Kitchen shopping list: 87 items your kitchen needs for <$3,500. Including Amazon links, as well as Costco products and links when I think they offer a superior product. docs.google.com/spreadsheets/d…
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Allen Meringolo
Allen Meringolo@Aldigity·
Fourteen months later - you can add my name to the list of folks who at one point made up "STR Twitter" who have now exited STRs. I will share a larger update at some point, but I ended up selling all three in the last few months - two "eh" outcomes & one very good outcome.
Allen Meringolo@Aldigity

The Airbnb Apocalypse discourse is stupid, but that does not mean there are not very legitimate reasons for STR pessimism. In late 2021 / early 2022, there was a very active STR investor community here on ReTwit - myself included - regularly sharing advice, operational tips, and generally excited about the future of this "emerging asset class." This subset of ReTwit is more subdued today and the discourse has shifted. Let's go through some of the larger accounts who were here early to get an overall pulse of investor excitement for STRs👇

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Ryan Danz
Ryan Danz@RyanDanz·
Guys/gals …. Big favor Please @ yourself or any short term rental operators, managers, investors, *influencers that are present on X. I’m curious what the approximate size of this niche group is here …
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YoC STR
YoC STR@YieldOnCostSTR·
@rohindhar If I operated in a market with lots of supply I would actually run a strategy somewhat like this. Buy six, run for 24 months, keep the 3 with the best financial return/ease of management. Buy 8, repeat. Buy 10, repeat.
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Adam Geringer
Adam Geringer@GeringerAdam·
The Mill sold today. Or, maybe, yesterday. I can’t be sure. The email from the lawyer says: “Docs just arrived. Working on funding and recording. County has decided to close and will not be recording today.” Which leaves the matter doubtful. It could have been yesterday
Adam Geringer@GeringerAdam

A little life update: I am in the process of buying a 1921 Grist Mill! People used to loaf around whittling sticks while their corn was being ground, and thus the hollar was named Loafer's Glory

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YoC STR
YoC STR@YieldOnCostSTR·
@evanpalsson Dealing with the linens is sneakily the most annoying part
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E@evanpalsson·
@YieldOnCostSTR We will be replacing ours in a few months. We didn't intend for it to be regularly used, but it has to go because of the mattress and linen issues you described. Thanks for confirming our decision!
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YoC STR
YoC STR@YieldOnCostSTR·
If you want to ensure that managing your STR is (relatively) pain-free, you MUST avoid this one operational landmine: The pull-out sofa. - They break incredibly easily and are a pain to repair/replace - They are disgusting - Linen management is a nightmare - Groups who are willing to sleep on a pull-out sofa are generally worse guests - Increased wear-and-tear on the property If the return profile of your STR is acceptable only because you slammed 2 (or, gulp, 4) extra bodies into the house then you don't have a good investment.
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YoC STR
YoC STR@YieldOnCostSTR·
@ChrisK_STRs I think I purchased ~800 in my previous life. We were dealing with repairing/replacing like one a week, it was a total nightmare
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YoC STR
YoC STR@YieldOnCostSTR·
@let_us_build Unless you value your time and emotional stability at $0 it's not worth it
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YoC STR
YoC STR@YieldOnCostSTR·
@MrJonesSTRs AI makes a provocative furniture designer
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Taylor Jones
Taylor Jones@MrJonesSTRs·
Want kickass amenities for your Airbnb/VRBO? Steal my list below: Pickleball Mini Golf Corn Hole Giant Connect 4 Bocce Ball Horseshoe pit Frisbee Golf Outdoor Bowling Giant Jenga Game Room Playground Hammock Fire Pit Sauna Hot Tub Sand Volleyball Arcade Room
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YoC STR
YoC STR@YieldOnCostSTR·
@dcjohnsoniii @farango77 Having three ourselves, they are capable of wear-and-tear like you couldn’t imagine 🙂
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YoC STR
YoC STR@YieldOnCostSTR·
Iron rule of furnishing an STR: Never, under any circumstance, put a queen bed where a king could fit.
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YoC STR
YoC STR@YieldOnCostSTR·
@farango77 I hate pullout couches If I need to slam another body into a house to make the investment work, then it's not a good investment. Also, they get disgusting. And they break. And guests who are willing to sleep on a pullout bed are generally worse guests.
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YoC STR
YoC STR@YieldOnCostSTR·
@Gil_Topaz Sometimes this business really is quite simple
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Gil Topaz
Gil Topaz@Gil_Topaz·
@YieldOnCostSTR Incredible how two king beds instead of two queen beds made the difference between our STR and all the STRs in our area. Maybe one other had more than one king bed.
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Keşfet

@Aldigity @Solwoldjr74 @farango77 @RyanDanz @NickHalver @imrichardfertig @nickfosterSD @tyannmarcink