Straight Up Instructions for my first BRRRR
Wednesday, January 29
Step 1 - Selecting an area for Airbnb a) Since I was starting from scratch I figured I would start by building my own spreadsheet to elucidate the best performing areas for Airbnb investment properties. I started by pulling median house prices for cities in the major regions near me. I mainly us...
Airbnb Listing Draft Title and Write Up
Thursday, August 22
AIRBNB Analysis Experiment 1.0 Day 4/8 Listing Draft Title and Write UpUsing my preferred Airbnb resources "Get Paid For Your Pad and Optimize Your BNB" I have come up with the following-The Space Pull into the drive way and you will recognize that there is ample parking for large groups. The ...
Preparing An A+ Airbnb Listing
Wednesday, August 21
AIRBNB Analysis Experiment 1.0 Day 4/8 Dual Listing The log cabin is ideal for large groups; however, because Hemlock is still in its early stages of development, weekday bookings mostly consist of individual travelers looking for smaller more affordable accommodations. To take capitalize on th...
Preparing The New House For Airbnb
Tuesday, August 20
AIRBNB Analysis Experiment 1.0 Day 3/8The Airbnb Bible Step 1 - Find Your Niche - What demographics rent in the area?- What are their interests?- What are their needs?- How can you cater to the audience?I am starting off by reading through the comments on the top listings to see what the visitor...
A Painful Inspection
Monday, August 19
AIRBNB Analysis Experiment 1.0 Day 2/8 Offer and Negotiations As I mentioned in my previous post, my comparative market analysis pegged the property value at $770,000 and the list price was $540,000 having recently been dropped and relisted. The BRRRR book emphasizes how important it is to buy e...
The HotSprings Gold Mine
Sunday, August 18
AIRBNB Analysis Experiment 1.0 Day 1/8 Locating a Starting Point Using the online Airbnb calculator at ElliotandMe.com I reviewed my neighboring cities and a few choice locations in BC that I figured would do well on Airbnb. I discovered that a few areas stood above the rest - Hemlock Valley, Ha...