All Forum Posts by: Cp Rahaim

I figured the Air BnB calculator would be similar to the Rental Property calculator.  However, it seems to simply attempt to provide the revenue side of the equation.  I am looking for the full analysis which would include revenue, costs, returns, etc.  Am I missing something or does the Air bnb calculator not provide this info.?

Thanks

I have signed up for pro and I'm utilizing the calculators. But is there a calculator for STR's?

What type of property? Commercial? Condo? Multi family?

 What type of property?  Commercial? Condo?  Multi family?

All, I have been trying to underwrite/value STR properties and have been pulling together info from the forums piece-meal. Does anyone have an excel proforma they could share? I know revenues and expenses vary but if I can see a template to, among other things, hi-light an expenditure or revenue item I may be missing and give me a ballpark estimate for a given expenditure...just as a starting point, that would be very helpful.

Thanks

Luke

I watched the video read posts above.  My question is how to project avg daily rate and occupancy for the entire year.  On the video you went forward a few months and you estimated 310 nights of occupancy at a rate of, I think $140ish.  But how do you project annual occupancy with a few month sample especially if the market has seasonal fluctuations?  Same with rate?  Rates and occupancy could be twice as high or low i various seasons, I’m guessing.

Thanks

Christian

How did the PB meeting go in North Conway?

Finding the right deal in MA (Massachusetts).  I need a place that is about $300,000.  That brings me to some tough areas.  Properties can cashflow but I think I want something in a nicer area.  But nicer areas command higher prices, say $400,000 - $500,000.  But the rents don't escalate the way the prices do...so tough to find anything close to the 1% rule.  But people have to be buying these places.  So my question is, how are people underwriting properties with thin, thin cash flows?  Are they looking solely for appreciation?  Do they not mind feeding it a little each year to get that appreciation?  Anyone have any idea who can pay north of $450,000 for a place in Norwood or Dedham?

Thanks

Another question for analyzing a deal.  When analyzing a deal and putting in a factor for vacancy:

1.  What factor do you use? I have been using 10% of gross rent.

2.  Does this factor include loss of rents only or does it also include leasing commissions, turnover cleaning/repairs, etc.   I had been using it as loss of rents only.  So elsewhere in my proforma I had been plugging in additional cost for leasing commissions, cleaning, etc.  Leasing commissions can run near one months rent so if I have a unit that I proforma to be vacant for one month per year that is one month's lost rent.  And if it costs me a leasing fee of one month's rent to fill it that equates to two months rent.  At the properties I'm looking at, that extra leasing fee is painful.  But now I'm wondering if I am double counting that....and maybe my 10% vacancy factor should represent all turnover costs.

Thanks

I am looking to buy my first investment property.  I am in MA and the problem I'm having is the prices don't seem to work with many of the metrics.  Example:  Saw two family in Norwood for over $500,000.  Without even doing the math I know that it will be difficult to get the rents to make this work.  So my question for MA investors is:  is it possible to find deals that cashflow in MA?  I'm in central MA and it seems the places that work are Worcester (and Rhode Island).   I can afford a +-$300,000 home.  But this seems to put me in C+ areas.  As a newbie, I'm not sure what type of tenant this will get me and I don't want to get stuck with tenant issues.  Any help would be appreciated.