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Updated almost 2 years ago on . Most recent reply

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Matt Merriott
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1st time STR purchase question

Matt Merriott
Posted

So I made an offer on a 1bd 1bath STR that grossed 15k last year on VRBO only with a flat rate of $150/night year round. 85 nights booked with 36 individuals. This is a lake property so one would think it's seasonal.

My question, if we add it to Airbnb and market accordingly is it likely we can improve from the 15k annually? Loaded question I know but looking for input 

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I know a friend on Lake Tenkiller (vacation home, does not Airbnb it).  I think your upside lies not so much in listing on Airbnb (although you should), but moreso in some basic decor and professional photos.  I don't know the area so don't take my word for it, but I'm guessing a small place like that might fetch $90/night in slow season, and $150/night in busy season?  Not to state the obvious, but small places tend to have less seasonality and a bit higher occupancy.  I would tout the seclusion, fire pit, and proximity to the lake

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