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Updated over 2 years ago on . Most recent reply
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STR Revenue Increase with Bedroom Additions
In the Smokies, by how much do you estimate revenue increases as a percentage of your prior daily average when you go from a 2 bedroom, 2 bathroom to a 4-5 bedroom, 3 bathroom?
Thanks in advance for any feedback.
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@Josh Green Thank you, but I was actually speaking for a property I already have. A construction loan for nothing down could convert the place without eating into rent.
There is a pad just north of my current property that I could build on without shutting the cabin down and interrupting income.
From what I have found, the improvement could almost double my revenue with infinite ROI since the land is used as collateral.