What does your underwriting/ offer process look like?

[Sean Bramble]

Hey BP- curious what your market selection > underwriting > offer process looks like in detail for STR acquisitions. What are the steps and what specifically are you looking for/ doing in each step? Which data providers are you using? Seems like there is a ton of info out there about setting up and running an STR, but less on the acquisition side of things. Thanks everyone!

[John Underwood]

I use a spreadsheet and get most of my data from looking at the competition.

Then put in your standard monthly estimated expenses plus some wiggle room for the unexpected.

Initially you will need startup money for furnishing the unit.

Put this in a spreadsheet and the numbers will tell you everything you need to know.