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Updated over 1 year ago,
How to figure out what a STR property is worth??
I received a lead on a 6 unit STR property that the owner wants to sell. It has been established for several yrs now and seems like a great performing property but lacking in a few areas like some technology and modernizing units. I will be walking the property with the owner on Monday and would like to know how everyone else calculates what a STR is worth. I will be getting the performance history for the past few yrs on Monday. It is located in Ohio In a popular tourist area.
ps. I currently own 1 STR so I'm not a total newbie. But this is definitely alot bigger opportunitity for me.