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Updated almost 6 years ago on . Most recent reply

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31
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3
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Aja Leafe-Hall
  • Olympia, WA
3
Votes |
31
Posts

Over Saturated STR Market?

Aja Leafe-Hall
  • Olympia, WA
Posted

Hi there!

I am looking at long distance investing in a vacation rental house. My parents are willing to manage it on the ground and I even have 100% financing including rehab costs from a private third party. I manage some AirBNB property where I live for someone else so I have some idea of what I’m getting into, but I am not really set up the same way to have my own rentals locally (out of my price range for one thing). I feel that I am a bit late to the game. I looked at AirDNA stats for the area I am planning on investing in and there has been a huge proliferation of STRs in the last year. So I think we should have a good distinction if we want to stand out from the crowd. I just want to pick y’alls brains here about what I should pay attention to and if I should even try to break into this market?

Most Popular Reply

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181
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244
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Benjamin Vail
  • Real Estate Broker
  • Columbus, OH
244
Votes |
181
Posts
Benjamin Vail
  • Real Estate Broker
  • Columbus, OH
Replied

On AirDNA, you can find all the data you need to see if the market is over saturated. In my market, the number of Airbnb rentals has gone from 400 to 1400 in one year. (So you might think saturation). But the ADR has also INCREASED over that time from $126 to $134. So actually demand still seems to be out pacing supply still. 

I also agree with what has been said about regulations. If they have not yet made some, they will soon. Just always have a back up plan if you get shut down. 

Good luck! 

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