Wanting to sell one of my properties (Active and successful STR)

[Jason Nazarenko]

I have one STR that I am starting to get ready to list. My portfolio currently consists of 6 Active Vacation Rentals (Air B&B & VRBO) and a few other properties that is continuing to grow. I am looking at selling one only to free the capital up so that I can open a Taproom and Pizzeria in the town that will propel the area in a much needed way.

Check out potterblock.com to see part of my portfolio. I am listing 310 Harding Blvd. Cotter, AR 72626 (Fisherman's Hideaway). 

Cotter is a Fly-fishing haven and the area is incredibly desirable.  I have plenty of friends that are realtors, but I am trying to hold on to as much of the funds as I can to be able to dump them into the Taproom/Pizzeria Project (I have already acquired this new property and am ready to build out).

Average revenue for the property I am selling has been $2500 per month, with highs being $3200 and lows being $1800. I am selling it turn-key with everything that is in it currently and will ensure a streamlined transition for the new owner.  There is still some areas for value add in the home that can allow the new owner a chance to increase their revenue quickly.

Gladly chat with anyone that is interested in the property or that has some information that could help me with this. I am looking at putting the funds raised into a self directed IRA that can be used to fund a startup to help with the tax burden.

[Avery Carl]

My team sells over 500 mil in STR's yearly in 8 markets. While the value is indirectly affected by the business that is run through it by making it more valuable to investors, @John Underwood is correct, most of the time it's going to be appraised based on residential sold comps. The performance of the property is really more dependent on the skill of the management than the property itself. Rental history is a variable. It's what one random property manager has been able to do with one random property. It's only a very small piece of the puzzle when it comes to analyzing a potential STR buy.