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Updated almost 2 years ago on . Most recent reply

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Niv Astronivo
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STR Airbnb in 2023: Does the home has to have a pool? How many bedrooms?

Niv Astronivo
Posted

Hello everyone, I invest in South Florida, I know that AIRBNB in 2023 will be more challenging and not as profitable as 21/22, which makes me think about the strategy for buying my next STR...

Do you think it would be better for the house to have a pool to get more bookings? So should I just skip houses with no pool?

Is a three-bedroom house for 600,000$ and a pool sounds like a good deal or is it better to have 4 bedrooms? To clarify I'm talking about Hollywood area to FLL to Pompano Beach.

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Zach Edelman
  • Lender
  • Austin, TX
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Zach Edelman
  • Lender
  • Austin, TX
Replied
Quote from @Account Closed:
Quote from @Niv Astronivo:

Hello everyone, I invest in South Florida, I know that AIRBNB in 2023 will be more challenging and not as profitable as 21/22, which makes me think about the strategy for buying my next STR...

Do you think it would be better for the house to have a pool to get more bookings? So should I just skip houses with no pool?

Is a three-bedroom house for 600,000$ and a pool sounds like a good deal or is it better to have 4 bedrooms? To clarify I'm talking about Hollywood area to FLL to Pompano Beach.

The first thing I would do is go to AirDNA and see how much local STRs are getting for their palces with and without a pool and how many bedrooms. Then I would add up servicing debt to see if you can make any money.

 I second this. Air DNA also needs to add a feature in which you can filter comps by amenities. Would make their data even stronger!

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