All Forum Posts by: Brian Barch

yes, in my market my gut tells me the difference between high season and low season is probably 1.75X. And holidays are typically 3X. I was shocked they gave away thanksgiving at only $180 night last year!!!

0 Votes

I recently purchased an STR that was successful despite not having dynamic pricing, and only being listed on VRBO.

they literally charged the same rate every night of the year, no matter if it was Monday or Thanksgiving.it was 78% booked at $180/night.

curious the boost I might get being on Airbnb and Vrbo, and having dynamic pricing

0 Votes

I used awning for research, and now use them as a PM, although my property is 2 hrs away. They have been great and are very legitimate.

1 Vote

I keep my criteria the same, which means there are less possible deals out there. But it doesn’t mean I don’t make a deal.

I prefer a market like this with less competition.

I’m playing the long game

1 Vote

Quote from @Kasey Sulheim:

Quote from @James Hamling:

@Nathan Gesner This is exactly why I have been so strong in my support, advisory and actions of promoting to start in STR by doing a STR-ARBITRAGE vs purchase for STR.

I have gotten ton's of flack on arbitrage but fact is it works and works very well when done right. With arbitrage one's risk exposure is significantly limited. I don't promote doing arbitrage to scale but one could. I DO promote it for a starting point, for any getting in with there 1st/ 2nd.

We can tell people to not be impulsive, do there Due Diligence, be smart about it, but just like any "Gold Rush" many just ignore all the steps and work of it and come rushing in. An STR-A mitigates those risks big time.

And once a person get's a solid grounding in things, ok, yeah, now let's look at doing purchases for STR because one's coming from a basis of actual knowledge vs theory, experience vs hopeium.

Question for you about this: Does anyone offer out of state management services for people like me who live in Hawaii and are priced out of their own market? For example, can I fly to FL and sign a lease, and hand it off to someone to manage for a fee? Sort of like a "turn key" rental arbitrage str? Thank you for your time.

Awning.com was built for this. I don’t mean to always plug them, but they have genuinely been a great service for me.

2 Votes

The outer Chattanooga area is good near lookout mountain. Check some of the GA communities like rossvile, st Elmo, trenton. Plenty of cheap homes and an underserved STR market.

1 Vote

I would look at:
airbnb

Rabbu

Awning.com

Airdna

Vrbo

From there I would arrive at my upper and lower range of possibilities, then be honest with myself if my personal property is above the pack or not. As another mentioned, I know at least airdna includes cleaning fees, so I would back off their number by 10-15% or so

0 Votes

80% in north Georgia mountains

0 Votes

San Antonio, Texas

Pricelabs

Turnoverbnb

Hospitable

0 Votes

Dallas, Texas

Look for vacation home/second home loans. Just got one with 10% down

0 Votes

All Forum Posts by: Brian Barch

Brian Barch has started 3 posts and replied 271 times.

Post: How much of a revenue boost does dynamic pricing give

Post: How much of a revenue boost does dynamic pricing give

Post: Advice for buying STR out of state?

Post: Are you going to do buy and hold in 2023?

Post: Occupancy rates down in 30 of the 50 top markets. Where are you?

Post: Looking for new ATR areas

Post: AirBnb calculations and comparisons?

Post: How is December's STR Occupancy Looking?

Post: What property management apps do you use?

Post: STR Financing with 10% down