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Worst STR occupancy rates
When looking at an str what's the WORST occupancy rates you calculate/entertain?
How accurate are online calcs like Vacasa/airdna.
were looking to roll profits from out flip into a down on a short term rental to keep money velocity going high while looking for our next flip.
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I've never used a system like Airdna but I've heard people say it's fairly accurate in larger markets. I suspect it's probably like Zillow: somewhat accurate 80% of the time, but you could be more accurate by doing your own research.
I manage a lot of long-term rentals, so I did some reverse engineering. I started by determining what the home would rent for as a long-term rental. Then I determined how many days I would have to rent it as a short-term rental to match/beat the same income level as a long-term. I had to include all the costs of a short-term (utilities, furnishings, management, taxes, etc.)
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