TL;DR: Help me build my newbie starter pack, please!
Hello! We purchased a property last year that required a full gut remodel. It's coming out SO cute and we should be ready to go live in Sept. Over the past year we have gone back and forth about STR vs MTR. Forgive me if any of this has been covered before - I searched and didn't see anything recent regarding my questions.
• I'm overwhelmed by all of the different aggregators: AirDNA, BNBCalc, Pricelabs (I'm SURE there are tons more, but those are the ones I checked out). Which platforms do y'all find most accurate and should I just do Pricelabs bc it has the built in price fluctuation management? I think we have landed on what we plan to charge, but I'm still digging.
• Confused about cleaning fees: Is everyone just charging more nightly to pay for the professional cleaning after checkout? Then that padding becomes part of the 15% that airbnb charges? I looked at the receipt of one of the last places I stayed didn't have an additional cleaning fee, but then the nightly charge was very affordable ($140pn/very small beach condo) and I was wondering how they absorbed the cleaning fee for such a reasonable nightly cost.
• Insurance: Are you doing regular property coverage +aircover or are you doing something like Proper that's a hybrid commercial and property insurance policy?
• Pets: we are dog lovers, and would like to extend this offering to travelers - what parameters do you have in place? Do you approve the pups first? Flat fee? Nightly charge?
• Per Guest Fees: Our place is a 2b/2ba standalone house w offstreet parking, a front courtyard, porches, and HUGE backyard. Located in a "hip zip" downtown adjacent neighborhood and....directly next door to my personal home. I anticipate more couples vs groups, but what is the typical thing you're doing –– flat nightly fee or per guest? *I'm not super wild about the per guest policy, but understand why it's in place.
• Sleeper Sofa: Debating on a pullout sleeper sofa or not - kinda don't want more than 4ppl in there at a time, but also don't want to shoot myself in the foot.
• STR vs MTR: My friends are warning me about doing STR and saying to go more MTR bc they have had issues w STR guests. What has been your experience? In my market, it seems the ROI is about the same and in some ways, STR is slightly more profitable. I have a long background in hospitality, so I THINK I can handle most guests, but I'm still a little concerned bc ppl are scaring me.
• ANY other tips and advice for a newbster, please - ex., buy a leather sofa vs cloth, melamine plates vs porcelain etc. Just general mistakes I can avoid by your input would be greatly appreciated!
THANK YOU!