Lofty 11604 D K Ranch Rd

Fully Renovated Guest Favorite Short-term Rental located in Austin, TX

Offering Details

Gary Tsang transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
Tokens represent direct ownership in the LLC that owns the property. Gary will maintain at least 10% ownership in the LLC indefinitely. View the LLC documents here

Spacious 6-bedroom Guest favorite short-term rental with a 4.93/5 rating and a game room equipped with a pool table, arcade machines, ping pong table, and a ball pit.
Fully renovated by the co-owner's construction company. View the list of renovations here.
Private backyard with a pool, hot tub, and outdoor seating for relaxing and making memories.
Located in a quiet, family-friendly neighborhood with enforced quiet hours from 10pm to 7am.
Security cameras and noise detectors ensure a peaceful environment for all guests.
First floor includes a fully equipped kitchen, large dining area, and comfortable living spaces with smart TVs.
Backyard features a Kamado Joe BBQ and beautiful LED lighting for outdoor enjoyment.
Entertainment amenities include smart TVs with various streaming services and a work-from-home desk.
Additional features include newly renovated bathrooms, a coffee machine, and a brand new washer and dryer.
Downstairs sleeping area with bunk beds, a queen bedroom, and fun features like a disco ball and black lights.

Airbnb

Gary is a Superhost on Airbnb with 3+ years hosting experience with property management experience in Austin and in the Bay Area.
Gary has over 280 reviews, and an overall rating of 4.88/5 stars. Gary is an ex-ebay, ex-Chegg marketing executive that uses his marketing knowledge, real estate background and passion for traveling to find, furnish, and manage his properties.
He will continue to manage the property after selling a portion of his equity with his team at Home Collective. [Click here]((https://www.airbnb.com/users/show/21507682) to view Gary’s Superhost profile on Airbnb.

Managed by the co-owner, Gary Tsang, a Superhost on Airbnb with a 4.88/5 star rating and 279 reviews. View Gary's Superhost profile.
Property Management Agreement
Insurance Policy from American Modern.

Airbnb

This property has a loan balance of $462,900 View the loan documents here
As the seller, Gary Tsang pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Short-term rental on Airbnb
View Airbnb listing
Gary is providing a $4,400 rent credit for August. The revenue was lower due to Gary & his partners staying in the property for a portion of the month.
Short-term Rental Operating License
Year-to-Date Reservations