Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

51
Posts
28
Votes
Justin Knighten
  • Harrisonburg, VA
28
Votes |
51
Posts

How to figure income and other questions.

Justin Knighten
  • Harrisonburg, VA
Posted

I'm looking at a vacation rental cabin.  The seller has owned it for 2 years and has given the following numbers.  Year 1, gross of about $12,000.  Year 2, gross of about $24,000.  This was over 2019/2020.  He says that in year 1 he had lower rates in an attempt to get more bookings and set himself up for Superhost status on AirBnB.  Year 2 he was able to raise the rates due to the Superhost status and I would assume more bookings along with the increased visibility. I wonder how much of the increase is due to Covid (it's 1.5 hours from the DC area) and what I can expect going forward.   

I've never done short term rentals before; does this sound legitimate?  The difference between year 1 and year 2 is significant and would obviously be the difference between losing money and turning a decent profit.  How hard is it to become a Superhost, is that the end-all be-all of this business, and how long could one expect to take to get to that point?  

Thanks for any help.

Loading replies...