Chris K STRs @ChrisK_STRs
Short Term Rental Investor 🏡🏖 / Small portfolio owner of STRs / Sharing many of the wins, tips and headaches of vacation rental ownership Joined December 2012-
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🏡 Airbnb Thought 💭 Does anyone actually use these coffee makers in their hotel room? All good Airbnbs will have quality coffee makers (that will actually get used )
🏡 Airbnb Pro Tip ✅ Your listing photos should help guests envision their experience at the property. Guests wants to visualize themselves using certain amenities during the booking process, even if they never actually end up using them!
🏡 Airbnb Tip ✅ I use standard size folding cribs for my Short term rentals Easy to move around the place for guests to to use in different rooms and also easy to store when not in use !
🏡 airbnb thought 💭 Things that good airbnbs have that hotels don’t : - washer/dryers in the property -easy and fast check in (smart locks) - amenities - full kitchen - space - other guests not waking you up from hallway noise What else am I missing ?
🏡 Airbnb thought 💭 The real threat to real estate (and Airbnbs) as an owner is CapEx. Any service, repair, improvement, add on cost could be double of what it would’ve cost a few years ago. Agree or disagree?
🏡 Airbnb Pro Tip ✅ I constantly read guest reviews of my competitors Airbnb reviews . It always gives me great insights about what my competition are doing well, or what mistakes they are making- so I can improve on my properties. You should do the same ! 💪🏻
🏡 Airbnb Thought 💭 My lowest numbers of days booked in one month to pay for that months mortgage and expenses is: 3 What about you?
🏡 Airbnb Tip ✅ If you have a mini putt amenity in your short term rental, make sure the putters are colorful! More fun, inviting for guests and pictures much better! 😎 ⛳️
🏡 Airbnb Thought 💭 One thing short term rental owners maybe haven’t told you…. Doing any type of renovation, improvement, landscape work etc for your Airbnb property is hard. Getting someone out to get a quote, then actually getting the quote, and then having them come out…
🏡 Airbnb Tip ✅ Spikeball is popular game and an easy amenity to add to your Airbnb backyard! Costs around $70
🏡 Airbnb Thought 💭 Do you or your guests want an outdoor kitchen like this at their Airbnb property?
Short Term Rental Headache 🤕 🏡 Managing amenities for your Airbnb can be a challenge! It’s not just the amenity , but the necessary EQUIPMENT. Providing the promised amenity equipment like mini-golf gear, inflated basketballs, pristine billiards cues, and arcade machines is…
Short Term Rental Tip ✅ Does your Airbnb property have the right amenities that guests want? We just added a mini putt ⛳️ area Some before , during and after pics 👇 This is a 3 bed 2 bath that grosses around 100k annually, before the mini putt was installed ! Cost…
Airbnb Short Term Rental Tip ✅ Airbnb guest review ⭐️ system education is important Put this Airbnb review education chart in your short term rental. Buy easily online to help earn more 5 ⭐️ reviews ! Also helps guests understand that one minor issue does not mean it’s a…
Airbnb Thought 💭 🏓 Does anyone have a ping pong table in their Airbnb property? 🚨 What type of ping pong paddle is best? I’m considering upgrading to these $1000 paddles to make sure my guests have the best experience possible. Thoughts ?
🏡 Airbnb Tip ✅ Have an outdoor umbrella at your short term rental ? I like this umbrella base with wheels. Allows your guests and cleaners to easily wheel around the umbrella without damaging your patio (or the guests back 😄)
🏡 Airbnb Thought 💭 Would you rather have an Airbnb with: A 10/10 for amenities and 5/10 on interior design …. Or 5/10 on amenities and 10/10 on interior design ?
🏡 Airbnb 💭 Are these good bar seats/ game room seats for your Airbnb?
Ask the city if he needs a permit for a treehouse (No)... and now has to tear down his unpermitted ADU. That hurts! wsbtv.com/news/local/cob…
🏡 Airbnb / Real Estate thought 💭 Agree it disagree with this?: 👇 The most bulletproof real estate investment thesis can be summed up in these two sentences. 1-Seek to own things that are scarce and generate consistent cash flow above holding costs. 2- Hold.
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76 Followers 189 Following Communications and Media Relations for the Short-Term Rental Industry
Should the STR "loophole" be outlawed? Basically, a taxpayer with a full-time job/business can: - buy an STR - rent it for an avg. period of customer use <=7 days - materially participate - cost segregate - use losses to offset regular/active income - enjoy large tax savings…
@ChrisK_STRs I use them when there’s no Starbucks type outlet nearby
@ChrisK_STRs @Fire5280 Because the loudmouth online complainers are not complex enough to understand market segments.
@ChrisK_STRs We have a Keurig and provide a wide selection of complimentary pods. Guests seem to love that.
@ChrisK_STRs Honestly. I think this is really important. As a coffee fan, I know the difference and would appreciate good coffee
@ChrisK_STRs I love our Nespresso, but I wouldn’t put it our Airbnb because the pods are $1 each.
@ChrisK_STRs -Smell of garlic something cooking late at night -No coffee; no coffee maker -Cleaning chores and fees -Parking on a very, very steep hill
A lot of entrepreneurs make great money each year but pay Uncle Sam 35-50% of it. As you can imagine, it takes a long time to build a large wealth snowball when 35-50% of your snow gets chopped off each year. Real estate helps with this. The best model that I’ve found is to:…
@ChrisK_STRs If you have kids - separate bedrooms/Separate bedtimes, Outdoor stuff - firepit, maybe a spa
@ChrisK_STRs Hilton diamond member chiming in - washer/dryers in the property -easy and fast check in (smart locks) Um, yes the do, Ive been using digital key for years - amenities Please elaborate - full kitchen Depending on the property... - space I'm traveling alone? Why? ...
@ChrisK_STRs @MerkyAgua Good and Bad is extremely subjective. That’s the point. We’re looking at a mixture of STR and hotel in our expansion plans at our golf course because different the market requires it. The model is amoral.
@ChrisK_STRs - other guests not waking you up from hallway noise. I have my preferences set to upper floor, nearer the stairs (farthest from elevator), works for me.
For those wanting to buy a hotel, know this. 1. It’s harder than any other asset class. 2. The opportunity to outrun your competition is unlimited. 3. It’s not passive. 4. Design matters and so does service. 5. Unique properties drive higher revenues and more long term…
@ChrisK_STRs I do prefer hotels but if we have to have a kitchen an Airbnb is usually better.
@ChrisK_STRs Additional fees that double the overall rate…
@ChrisK_STRs Yards, private pools, basketball hoops, space to hang when your kids go to sleep, full tables to eat at, BBQs, fire pits, and no chair savers
@ChrisK_STRs I don't even look now.... the check in/out times are always to late 4pm / 10am early I'm not untidy but told to take out the bins, strip the beds etc I'd rather stay in a hotel where I already leave my room tidy and cleaning is included in the price So back to using hotels !
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