All Forum Posts by: Ana Cristina

Hey Ana,

Eric lives in Lawrenceville and is very nice and easy to work with. His number is 678.531.0039

I myself am a realtor in the greater Atlanta area and would love to help as needed, do not hesitate to reach out!

Hi @Ana Cristina.  The best way I know is to use airdna.co for some local/zip code level research.  Look only at those properties that are like yours -- number of beds, luxury level, similar location, and offered year around, for example.   The other way to to mimic being a traveler and look at how booked similar properties are.

This is a slow time of year for STR in Atlanta so it might not be great, but it really depends on your guests and what they're doing -- eg. moving in town for a job, here for a film shooting, visiting family nearby, etc. Tourism is down but so is competition.

Lastly, if you're new to STR. Please really study how much impact being unique/well designed can have. It has a huge impact. Make sure you have the skills, team, and commitment for doing it as great as makes sense for your property.

Good luck!

Hi @Ana Cristina

Welcome to BP community. STR certainly lucrative but there would be lots of factors to consider when deciding to buy something solely for the purposes of STR. In regards to occupancy you will have to do a little bit of homework to figure out the occupancy in your farming area. You can do so by doing research on occupancy rates using sites such as Mashvisor/AirDNA and in conjunction joining some local STR facebook groups and talking to STR owners in the area.

Given the interest rates are trending higher I would proceed with caution as prices tend to work inversely based on interest rates i.e. when rates rise prices fall when rates are lower property prices are higher.

In addition, look at STR ordinances in the county that can impact the numbers. I have a STR in midtown that was impacted by STR ordinance in Atlanta. However, we stay pretty booked during the weekends and have less occupancy during the week but it more than pays up just based on weekend occupancy.

There are several meetups in the city so keep an eye on BP meetups or FB meetups. If you have any questions feel free to hit me up. Hope the above provides you with some guidance to make an informed decision about investing.

Good luck and much success. 

Welcome to BiggerPockets, Ana!