Jared Robin ⏭’s Post

How do you determine the values of your amenities when it comes to refunds for loss of such amenities? Do you have a strict spread sheet of X = $? Or maybe X = % of rental rate? Does it depend on the guest and/or situation? Does it depend on the value available within the rest of the home? We exercise combinations of all this, taking pride in how we handle "the grey area," or "rainbow road" as I sometimes call it when I'm in the mood to oppress our people with gaudy optimism, but I'm looking to tighten up our protocols because, well, perhaps we paint with a touch too much grey LOL. Though perhaps not! Maybe this is how we nurture an advantage in our market, by staying nimble on these matters. But as I reconsider the values of specific advertised amenities (such as hot tubs, game tables, theater rooms, wifi, pools, etc) and other X factors that could result in refunds (like new construction next door that is negatively impacting our guests) I hope to learn from y'all. Because refunds are tough! The money in question is everybody's money y'know... the guest's, the owner's, ours as PMs. Everyone's dollar is worth protecting. This is why issues so easily turn to grey, which is also why we may need to have more in black and white. So lets talk about refunds, because we all give 'em.

Planning to Sell This Summer? This is For You! If you’re thinking about putting a "For Sale" sign in your front yard this summer, here’s why it’s a great time: Summer brings a surge of buyers, meaning homes sell FAST during this season. Here’s why: • School-Year Countdown: With the new school year approaching, parents are eager to settle into their new homes. Your pool, backyard, or quiet study space could be the deciding factor for these buyers. • Cool Amenities: Homes with features for cooling down are in high demand. Whether it’s a pool, shady patio, or a new AC unit, now’s the time to highlight them. We’ll also promote your proximity to local water parks, beaches, or lakes. • Hassle-Free Showings: We’ll coordinate showings around your summer travel plans. Just share your dates, and I’ll take care of everything. Ready to sell this summer? DM me for a personalized selling plan!

I’m peeling back the curtain on a big project I’ve been working on lately… I am really excited to be working with an amazing luxury home builder on getting their operations in tip-top shape (of course, with a special focus on phenomenal client experience). We started with a full tech stack consultation to explore different options, especially considering systems designed for home builders like Houzz Pro. After a deep dive, I presented two main options: the more pre-built Houzz Pro platform and a custom Airtable🤝Moxie combo. Here’s the breakdown: Houzz Pro came across as a sophisticated, out-of-the-box system tailored for construction and building. It offered many features, but with a steep price tag – around $10,000 a year – and limited flexibility. With a system like that, customization is often a challenge, and it can be difficult to control or adjust certain features as needs evolve. On the other hand, I knew that by combining Airtable and Moxie, we could replicate a lot of the functionality that they needed, at a FRACTION of the cost (estimated at under $1,000/year). With this approach, we get the flexibility to fully customize the system to meet the team’s unique requirements and adapt as they grow – without any of the rigid limitations that can come with large, pre-built software solutions. Ultimately, the deciding factor was customization. Houzz Pro might have been a good fit in some ways, but the ability to build exactly what the team needs, when they need it, tipped the scale towards the Airtable🤝Moxie combo. BUT, this isn’t an ordinary Moxie set-up that I’m working on… I’ll be integrated into their team throughout this process, sitting in on meetings and refining the system as I see how the team interacts with it in real-time. I can’t wait to share more about the amazing results we’re going to achieve!

📢 New Blog Alert! Cleanster’s Latest Cashback Feature is Here! 💸 At Cleanster, we're always looking for ways to bring even more value to our customers. Our latest blog covers everything you need to know about our exciting new cashback feature—a game-changer for Airbnb hosts, realtors, property managers, and anyone managing multiple spaces! Now you can earn cash back on every booking, making cleanliness not only simple but rewarding. 💬 In this blog, you’ll discover: - How to make the most of cashback on every cleaning service. - The seamless process to book, earn, and enjoy savings. - Why property owners and managers are choosing Cleanster to simplify operations. If you’re ready to streamline property maintenance while enjoying extra perks, this is the blog you don’t want to miss! Dive in now to learn how to save more as you clean. 🏠✨ Read the full blog below ⬇️

Start small. Many people want their first Airbnb property to be a beautiful mansion because that's what Vrbo advertises in their commercials. However, from my experience, smaller homes actually do better than most large homes do from an ROI perspective. For example, I have a one-bedroom themed property near the Orlando theme parks and a 3-bedroom themed property across the street in a different community. The 3-bedroom property has a nicer community but only charges about 10%-15% more per night despite the bigger bedroom count. Part of this reason is due to mistakes I made on the larger property at the time of purchase and rehab. This even comes after a series of successes for a few years in the industry. However, even after I remedy the errors that were made, the projection is still only meant to be about 25% - 30% more than the one bedroom. Bigger is not always better. Another part of the reason for the success of the one-bedroom is I focused on picking a property with low expenses. Another mistake I made while purchasing the 3-bedroom is that I didn't care about the expenses enough. I had knocked it out of the park so many times I didn't think I needed to care about expenses as other hosts/investors do. Success made me lazy, undisciplined, and overconfident. Failure is a difficult teacher and to spare yourself some pain I've shared this story with you all. Start small. Your number one priority should be cash flow and smaller properties are easier to book at higher prices year-round, even last minute while maintaining relatively low costs. #RealEstateInvesting #AirbnbHosts #InvestmentTips #FinancialFreedom #PropertyManagement

There’s nothing quite like having your friends and family over at your home. But if you’re like most people, you might feel a bit overwhelmed when hosting during busy times like summer long weekends or the winter holiday season. Curating guest room essentials throughout the year can help you feel more prepared for last-minute visitors during busy times like the summer or over the winter holidays. Follow these tips to make a guest basket that will help your guest feel right at home. Are you looking for a more spacious home to accommodate your guests? I am here to assit you if you are looking to buy, sell, invest or lease a property in the Houston area. Contact me today to get started!!! #property #forsaletx #homeforsale #womanentrepreneur #buyahouse #newhome #houseinhouston #homeownership #sellinghouston #houstonrealestateagent #houstonrealty #houstonrealestateagents #houstonrealestate #sugarlandtx #richmondtxrealtor #katytxliving #innerloophouston #houstonlocalbusiness #houstontxhomes #siennatx #houstontxrealtor #homebuyertips #homesellertips #firsttimehomebuyer #househunting #2024goals

Here is the Part 2 to our plumbing nightmare and what we had to do with our tenants. We ended up having to find a place for our tenants to stay while our entire plumbing was being redone. They specifically requested an Airbnb because they had three large dogs, so we changed our plans from booking a hotel to their desired Airbnb and the horror story begins. This was a highly reviewed Airbnb, however, as they were staying there, they started noticing a lot of issues with that place as well. The dishwasher was broken; There was mold on the cooking utensils, pots, pans, shower curtain, and some spots on the walls. It seemed like this place was very poorly maintained despite having great reviews and being pleasing upon first sight. Apparently the Airbnb landlord had scheduled a maintenance guy to come by and fix the dishwasher. One of our tenants (a woman) was in the shower and the other was out running an errand. Instead of knocking the maintenance guy just walks in with a spare key. 🤯 So a strange man walked in on our tenant while she was showering with the door open alone in the house. It was an extremely traumatic event for her, and we had no control over the Airbnb that we had booked for them upon their request. A good lesson here is to stick to a hotel that is vetted in constantly upkept in case of an emergency like this. What we had to do: 1. Complain to Airbnb request a refund (luckily we did receive a refund) 2. Switch from that Airbnb to the hotel we had originally selected. (The three dogs per night made it more costly, and it was a pretty large financial drain) Moral of the story: Don't let the pressure to fill a vacancy override your due diligence. Get inspections done and fix all foundational issues before allowing a tenant into the home. A well-maintained property and satisfied tenants are worth the extra effort. It's not just about the bottom line. The goal is a happy home for all.

Almost the entire apartment searching process has turned digital 💻. It's why we have such great turnouts at our Evolution of Digital Marketing in Multifamily courses! How many times have you driven by a restaurant, thought it looked cool, and gone in without looking it up first 📱? If you're like me, probably rarely, if ever. Even if I do happen to drive by a cool place, I'm not going in until I look up the reviews ⭐, the hours 🕒, the menu 🍝, the prices 💲, etc. Your renters are online, and therefore you need to be too. Let’s connect about how Rent. solutions empower your property to be visible everywhere renters are searching. #multifamilymarketing #apartmentmarketing #leasingseason

New York City banned STRs in September 2023, Here is what happened since... Essentially the city put in regulation around listings with stays under 30 nights...ie. most Airbnbs. As of September 2024, this led to... - Listings allowing stays under 30 nights dropping by 83%. - Listings for stays of 30 nights or more rising by 29%. - New Airbnb listings in New York City decreasing 24% YoY. The reasoning was to "decrease rental rates" in Long Term housing, By increasing inventory from the closed STR listings... Now, although rents have still gone up over the past year, Around 4-12% depending on location, 👉The hotels walked away with the biggest win... New York City Hotels saw RevPar(revenue per room) jump by 10.1% YoY, as these 16,000 listings were removed from supply. With Airbnb holding a 94B market cap, And Marriott and Hilton alone equaling 124.5B, ...And with the STR industry growth expected to rise by double digits, It's clear a few hospitality market leaders are concerned... But what do you think? Were changes needed? Who is benefiting most? P.S. Yes, the STR industry is expected to double in size over next 10 years. 😲 ------------ Shoot me a message to learn where we are buying... ✖Spoiler, it's not in New York.

FATCS For R2R, R2SA, or R2STL or ... I have had a few enquires last few weeks in regards this "strategy" Please READ through and do your math FIRST. Why ME? I am in this space 5+ years I have hosted 1500+ guests My portfolio has 20 properties I am Superthost. (Only 10% hosts) My occupancy last 5 years 80%+ My #management company in one of the best in #Liverpool. (see https://lnkd.in/eaz-b8jF) NUMBERS first: * Current market is lowest I have seen in terms of demands and supply. Prices dropped 30%+ * The bills are up 30%+ * Typical one bedroom rent in the Liverpool is around £850 (20% increase in last two years) * Bills are around £650 (service charge, council, electricity, water, wifi, perhaps gas) * management fees 15%+ (around £300 pm) from £2,000 revenue. * Cleaning costs goes to cleaners (guests pay themselves on site) * Airbnb's fees 3%+ VAT (£80 pm) I have not count onboarding fees: * Furniture £3k+ * Protentional refurb £3k+ * Sourcing £3k * Photography, listing, etc Average costs in total is around £1,880 per months. How much do you think is average revenue in Liverpool? You are doing around £100 per months profit. Looks like a great idea? Do not forgot its "ideal scenario". Did you know you cannot sublet leasehold flat? ( 98%+ of them) Did you know more than 6 people is party flat and will disturb a neighbours?