The PPhREI Network Highlights drop once a week and include the best posts from the PPhREI network….
The Darwinian Doctor wrote this post in June and everything in it is gold. The stock market has been rough for months and predicting the end is likely impossible. What are you to do? Well, if you are not retiring tomorrow then the answer is nothing. Continue following your investment strategy and funding your retirement accounts to the max. There are a ton of great quotes about “bear markets” and the two below are perfect. Stay the course.
“You make most of your money in a bear market; you just don’t realize it at the time.” Shelby Davis.
“The stock market is a device to transfer money from the impatient to the patient.” Warren Buffett
Are you interested in investing in Real Estate but feeling anxious about taking on more debt to get started? The Prudent Plastic Surgeon breaks down the difference between “good debt” and “bad debt” in this post. He demonstrates how using “good debt” can greatly increase your returns (aka leverage). This is a great read and covers a range of topics from Direct investing to REITs. He even discusses some options that do not involve taking on debt. As you can guess, Dr. Frey favors using leverage to grow his portfolio but is not opposed to the other investment vehicles.
So you have completed your market research, purchased your STR, set it up beautifully, listed on VRBO and Airbnb… maybe even booking.com but now what? How do you sync all these platforms and make sure the calendars match? How do ensure pricing is similar across these platforms and that guest communication is smooth. This stage can feel a little overwhelming…
Don’t worry there are tons of channel managers available to help you. Of all the options available we think the top two are Guest for Hosts and OwnerRez. Owners in the STR world tend to be loyal to the program they use but these are the two with the most integrated features in 2022. In general, G4H is easier to set up and has a iOS app for easy phone use. OwnerRez is more robust, computer based and more challenging to set up. Users of both seem to be happy… OwnerRez users say that after set up. Check out the post to learn more.
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Carpe Diem MD
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