All Forum Posts by: Hunter Techau

Thanks everyone. I have talked to my insurance company and they are working on a quote. I will also contact a State Farm agent who comes to our REI group, since State Farm gets mentioned a lot in the STR threads with questions concerning insurance. I appreciate you all taking the time to provide feedback.

 About 2800 sq ft.  2100 finished 4 bed 3 bath.

I'm sure the cost of STR insurance (Commercial Homeowners etc) varies due to many factors, but I am looking for an avg cost just for deal analysis purposes. For those with experience analyzing STR's what is a good avg figure to plug into my spreadsheet for insurance costs? Thanks everyone!

Thanks Jimmy, I will check it out.

Hunter

Thanks for the info everyone.  Ryan, the markets are North Idaho (Coeur d'Alene, Sandpoint, Kellogg, Mullan, Wallace, Pinehurst) and Lewiston ID.  I would consider North Idaho to be both Airbnb and a vacation rental market.  It is desirable in the summer for lakes and outdoor recreation and Silverwood Theme Park and in the winter for skiing and snowmobiling.  Lewiston Idaho is the other market we are in.  Not as much of a vacation market but we like it for the college, traveling healthcare professionals, and it is a fishing destination.  An insight based on this info would be much appreciated.  Thanks again everyone!

Hunter

I was wondering if somebody can suggest software or services that can be used to analyze short term rental markets and short term rental properties.  I know of AirDNA, and maybe it is the best but thought I would research others before signing up with AirDNA to help analyze the potential for short term rentals in my markets.  I do not have any short term rentals yet, but my market is tough to get long term rentals to cash flow.  My short term rental numbers cash flow much better but I really do not know if I am using the best daily rates and vancancy figures for properties I have analyzed.  If I am off it could really hurt financially, or I might be ignoring deals that could be better than I think.  Thanks in advance for the info.

Hunter