All Forum Posts by: Endory Neves

I see Orlando listed in your post. Is that where you live? Depending on your budget, you're already right in the middle of one of the best STR markets.

I picked the best vacation market I could find to ensure high occupancy. But there is a new tool called STR Insights that you may want to check out. AirDNA and networking with other investors and learning their markets is also smart.

I doubt there is any  software only that will do what you want. If there was, you would just get the same computer driven results that everyone else gets....no advantage for you over them. You need to figure out how to find markets via your own methods. Dig deep on the internet and especially forums like this one. (That was a hint :-)

extremely new to this myself. But my strategy, identify areas, look at property prices. you can use AIR DNA or other sites to get some basic rental numbers. But then you can look up AirBNB and VRBO properties in those areas, initiate bookings to see what prices are like. You can scroll thru the months to see how the prices change and where the prime season is and then you can put some raw numbers together. I would suggest properties that have quite a few reviews, so you know people are staying there. i personally then built out a spreadsheet that lists bedrooms, bathrooms, sq ft, any HOA costs, monthly costs, total monthly costs, annual costs, monthly break even rent $. I also include any notes that would make a property stand out (beach front, amenities, walking distance to restaurants/bars/entertainment), if it comes furnished (can cost $10-20k to furnish depending on your choices), any updates needed (flooring bad, furniture and style dated). i can then review the spreadsheet to see what numbers work for me depending on the property and which properties stand out. all that combined should show you what you can expect from certain markets.

Just my 2 cents on how I am looking.