twist

First order for my PL brand officially placed, time to build 🤩

@JeffSendsIt Definitely can see that especially with 10 properties, crazy numbers too with only 10, that’s great to see

@twistfba Our units are very seasonal so we use seasonal repricing Configs and do need to make updates throughout the season. But it’s very helpful in maximizing some peak and also minimizing the time needed manually updating pricing

I spend a lot of time rambling about Lego and Amazon but also dabble in rentals in my free time. It's been awhile since shared anything on rentals so figured I'd do a July recap. Gross rents in July $66.6k on AirBnb $55.8k on VRBO $122.4k across both platforms. We had 10 active properties in July so on average $12.2k a month per property. Like Amazon, I'm a fan of diversification across rental platforms and was actually pretty split between the main platforms we utilize for rentals. Long term, I need to get a website going for some direct bookings. Need to work on getting more mid term rentals for slower period capturing the traveling nurse population. Need to get a property management software / Reporting software that better allows me to manage bookings / reporting through a single platform. Lots still to do to better optimize this, but making progress as I figure it all out.

@JeffSendsIt Will get that set up tonight, it does a good job keeping up with the local market?

@twistfba I use price labs

@JeffSendsIt No I really need to, I’ve heard good things about price labs, any recs? That’s why I simply set vrbos prices and don’t touch it lol

@twistfba U don’t run a repricer on your listings? I use repricer so easy to just sync up repricing that way. VRBO UI is horrendous so hear u on that!

@JeffSendsIt I’ve heard the same with vrbo being used more by the older generation. Honestly don’t spend as much time on vrbo pricing so maybe that’s why, I prefer airbnbs ui on both the website and app much more though

I think it depends on the market. VRBO does well for us in our beach market where the average person booking the property tends to be over 40 years old. In our mountain markets, we tend to have a younger crowd booking which leads to more AirBnb bookings. The summer is peak season for our beach markets and thus VRBO making up a larger % of our monthly revenue. The winter is peak season for the mountain markets and VRBO likely falls closer to 10% of our monthly income.

Two samples I’m currently deciding between. Huge difference in color but the only change is the gummy on the left contains titanium dioxide Definitely a more vibrant color but heavily leaning towards the darker gummy to simply avoid titanium dioxide providing a cleaner product

Anyone in the PL space specifically supplements have experience with obtaining a coa and submitting it? Getting ready to launch my first product and struggling with listing creation stuff.

@re_fba Just like any other booking, 3% fee. Exactly how I understood it as well, paid the yearly subscription just need to get my listing finished up

Dang nice booking. So does Airbnb take a % of that whole stay or how does that work? I have my own lease I’ve always used, but I think they might something. I know they offer payment processing and stuff, but from what I’ve been told from my guests no one ever uses it. Usually you just get their contact from furnished finder and then immediately go to email/text. Truly just a connecting service from how I’ve used it.

The mid-term rental isn't talked about enough! They are such a good way to earn extra cashflow from your rentals in todays tougher market, and without a ton of extra work. In my market and with the product type I own, they are definitely the best option for me to boost profits. What is a midterm rental?? Think traveling nurses needing a place to stay during their contract, or people displaced by a natural disasters, or a divorcee, remote workers, etc....the renters are anyone needing a fully furnished rental to stay for 30+ days. So you have long, mid and short term rentals. Long term rental - 12/mo lease Mid term rental - 1-3/mo month lease Short term rental - 1-7 day terms The shorter the term, the more effort generally but the higher the cashflow. LT is generally the easiest but thinest cashflow. For example, an apartment I have would rent for $1650/mo as a LT rental unfurnished, but I fully furnished it and have rented it the last 3 years for $2350/mo. Then if I were to put a little extra money into decorating it really nice as a short term rental I'd probably be able to get ~$3k/mo if rented 20 nights a month. Short term rentals are king for highest cashflow, but in my market and with the mainly 1-2 bed apartments I have, short term rentals dont really make sense, plus I'm not too keen on the extra management required at my current stage in life. In 3 years I've only had maybe 6 total tenants in my mid term rental. Nurses almost always extend their contracts. Right now I have a couple who's house burned down and they are staying until the new house is built, they just extended through August. So for me, and I'm sure many others, mid term rentals are an awesome way to boost cashflow and might help make a deal pencil that wouldn't normally work as a regular long term rental. A goal of mine this year is to convert more of my LT's to mid terms. Will definitely share more if/when I do.

@re_fba Do you need to draft your own lease for a furnishfinder rental or does platform handle it similar to Airbnb, had our Airbnb get a 6 month booking by a group of construction workers and mid term is definitely where it’s at

@twistfba Yep exactly. Have put on Airbnb (30 day+ stay) before when I was getting close to a move out date as a backup, but have always gotten plenty of demand on furnished finder. Stupid cheap too

@Kessenamz @alexxsedlak @alekmiyasato @flips4miles @fieldsofprofit @Leo_Berlin718 @LuckyCredit @DKSFBA @derekkgraz @TylerDeVerse Happy birthday bro 🎉

It’s my birthday can I get a happy birthday from @alexxsedlak @alekmiyasato @flips4miles @fieldsofprofit @Leo_Berlin718 @LuckyCredit @DKSFBA @derekkgraz @TylerDeVerse @twistfba

@Kessenamz @TylerDeVerse @EcomHen @flips4miles @alekmiyasato Multi tasking to a whole new level 😭

Tik tok live and fbm packing @TylerDeVerse @twistfba @EcomHen @flips4miles @alekmiyasato

@Kessenamz @alekmiyasato @TylerDeVerse @Leo_Berlin718 @LuckyCredit Beast ‼️

1/30 @alekmiyasato @TylerDeVerse @Leo_Berlin718 @LuckyCredit @twistfba

First complete month, last week in nov was horrible was hoping for a 10k month 🙃

Been slow this week but solid day ✅

🫡

Little shipment going out and some TT videos, let’s have a good q4 🫡

Happy Wednesday @Kessenamz

@biz_tank Call support, they told me I was good