Short term rental evaluation

[Kevin Reinhardt]

Hey everyone.

Looking for advice on how to evaluate some potential str properties. I have some long term rentals and want to diversify.

I'm looking in a popular beach area in manitoba. There are a lot of air bnb properties already there so I can look at those to try and figure out a nightly/weekly rate. Sites like airdna don't have data on this area yet.

I'm wondering what everyone is doing to estimate or figure out their projected Occupancy rate? This way I can take that and my projected nightly rate to do a cost analysis on the property. Also if anyone has come across random or unique cabin expenses that one wouldn't usually think of feel free to drop a note in here too.

Any and all insight would be welcomed.

Thanks in advance.

Kevin

[Luke Carl]

Enemy method dot com 

Rabu 

Airdna 

Keydata 

Insights 

The list goes on. 

Don’t drive yourself nuts with it :)