All Forum Posts by: Harshal Hiray

Hey Harshal!

My wife and I were under contract for a great house in Bella Vista last year and decided to pull out of the deal after the inspection. Bella Vista is a really great spot for a homeowner but investing there is tough. The entire town is in a property owner association(basically and HOA). It makes it hard to know what strategies you can use there. We ran our numbers as an STR/MTR hybrid and the numbers weren't super great even with the BOOM in STRs in the area. The area does not have explicit rules on STRs so it's a gamble with that strategy. Rents are also pretty low there. The area was designed as a retirement zone and it still has that reputation. I believe the prices are lower there compared to Bentonville because of this reputation. It is a beautiful area but because of the zoning and rules up there it would be difficult for the area to "blow up" and have a ton of new growth.

Harshal, 

I'm doing the same evaluation now.   Which one have you picked? 

I looked in a market in Maine using Rabbu.   The "revenue by amenities" analysis suggests that adding outdoor furniture increases the average property's revenues from $64k/yr to $264k/yr.  I.e., adding outdoor furniture adds $200,000 per year of revenue.  This statistic does not pass my reality check.   In the market overview tool, I can find no property that comes close to $264k per year.   If I believed this number, I'd buy several properties, buy a very nice outdoor furniture set up for each one, and reap the benefits.   Nope, I don't believe it. 

I suspect the statistical sample is insufficient to obtain a valid analysis. The market has 76 STR homes in it, and they estimate the revenue impact of 18 amenities. That does not make a statistically significant estimate. I'd love to have the data for each property.

I sent an inquiry to their support email but received a non-explanation reply.