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All Forum Posts by: Daniel Murphy

Daniel Murphy has started 41 posts and replied 151 times.

Post: Airbnb data & Analytics

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115

Yes, I am on VRBO.  But currently 94% of my bookings come from Airbnb so I want to accurately track my property on Airbnb.  

2023 goals are somewhat simple.  

1) increase my Airbnb metrics so we can be a "favored" property during the slow season & increase our revenue.  

2) build up our direct booking / marketing efforts.  

Post: Rentals in San Luis Obispo

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115

Thanks everyone.  I'm guessing that the same type of hesitation would be present for LTR's in the area then also.  The regulations may be different, but the financials don't appear to make sense to me.  

My clients have said they hope to buy a home in the $750k range. Market research shows me they could probably only rent for $4k max.  IF they could find in this price range... 

I appreciate all the insight.  It's important to me to take all measures possible to guide my clients through making good decisions...

Post: Airbnb data & Analytics

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115
Quote from @Benjamin Canyon:

@Daniel Murphy I find Airbnb's own insight/analytics tools to be very useful! If you're looking for broader STR insights into a specific market to see what might be possible in terms of revenue, occupancy, etc, Airdna is really solid. You can just pay for a 1-month subscription for your market to get a sense of things.


 Thank you, I do download my monthly performance summary so I can track details. But I don't fully understand how to interpret the data. What numbers are good/bad/okay. How I compare to my peers etc.  

Post: Airbnb data & Analytics

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115
Quote from @John Underwood:

What data are you looking for?

Performance, listing quality, rates or occupancy vs your peers?

Yes.... Whatever is the most relevant to track how my property is doing.  I download my monthly report & keep track of that, but would love to also know how to compare myself to peers etc.  

Post: Airbnb data & Analytics

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115

Does anyone have a good blog, youtube video or other resource on how to best track & analyze my Airbnb listing data? 
I'd like to keep track as best as possible so I can make the best decisions with my property over time... 

Post: Rentals in San Luis Obispo

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115

Hey all, I have a client who wants to buy a property in San Luis Obispo to eventually move into as their home when they retire. 

I'm just trying to educate myself on the area. Are STR's allowed in SLO? How is the market for either short, mid or long term rentals?

Any light you can shed on the area would be incredibly helpful! 

Post: Out of State Rental Arbitrage (How to furnish)

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115

Another option is to buy things locally & drive there with a trailer.  Or a mix of transporting your own furniture and having things shipped to the location. There is no perfect answer.  

One thing to be aware of that you may not be thinking of.  If you do have a bunch of stuff shipped to furnish your place, you will end up with TONS OF GARBAGE AND RECYCLING! 

We furnished a 3/2 in Florida from MN. Combination of a 6x12 trailer (and truck bed) full of supplies and shipping things to the property.  I ended up with a huge pile for the trash man AND about 1/2 of a truckload of cardboard that I brought home.  

Post: When does seller financing make sense for the seller?

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115

Thanks all, it's pretty clear to me that I should just sell my property normally. 

I love learning about all aspects RE & what better way to learn than by asking questions about your own sitaution... 

I just recently learned about the Subto community & have scratched just the surface.  I posed the question just out of sheer curiosity.  

Thanks again! 

Post: Looking for best resources on SDIRA's

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115

Where are the best resources to learn everything possible on SDIRA's? 

Thanks! 

Post: When does seller financing make sense for the seller?

Daniel MurphyPosted
  • Financial Advisor
  • Saint Paul, MN
  • Posts 159
  • Votes 115

Hey all, we're looking to sell our home in the Twin Cities Minnesota. We're in a really good area. Looking at listing for the $430-450k range.  We owe about $304k & are in probably year 2 of a 30-year loan at 3.125%. 

Are there any scenarios where offering seller financing, subject to, makes sense for us? 

As in, could we sell off market at a slight premium if we could allow the buyer to take over our financing? And if so, is it possible to get our ~$100-120k equity out in cash through this process?