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Updated about 2 years ago,
Talk me off the ledge
I have been running deals for practice. In running an STR deal, I found a huge return. I am analyzing the deals based on monthly cost and using AirDNA to determine a recommended daily rental rate. Similarly, AirDNA claims a 60+% occupancy. Looking online, it looks like the projected rate and occupancy is about right for that area. Using that model, local data and math, I am coming out with returns (ConC and AROI) in the double digits of percent after fees and all bills. This leads me to think I am missing something. Why wouldn't I pull the trigger on this? Being a complete newb, it makes me wonder how I found it and someone else didn't? Why wouldn't someone else pull the trigger on this? (and yes this is an area that allows STR and has similar properties that stay fully booked) Love the group and the feedback.