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Updated over 3 years ago on . Most recent reply

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Jonathan Julian
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Worst STR occupancy rates

Jonathan Julian
Posted

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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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

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.)

  • Nathan Gesner
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