All Forum Posts by: Jonathan Bienenfeld

Working on putting together my first STR. Looking for recommendations for best lock system to install to allow entry for guests and cleaning crew or other service people. Many thanks in advance for your help!

1 Vote

Quote from @Andrew Steffens:

Quote from @Jonathan Bienenfeld:

Wondering if anyone can offer some insight on determining occupancy rate for STRs in beach towns or other areas that have a strong peak season in the summer. Looking to invest in the Atlantic City/Ventnor area of the Jersey Shore specifically. Anyone investing in that specific area or similar ones who can offer some advice?

Hey Jonathan! Atlantic City native here who lives in Tampa now and manages 60 units or so here in Tampa. I have a NYC client who has several houses in FL I manage and he asked me last year to manage one for him in Ventnor. I agreed because I still have a network in that area, and it has gone very well. The house is a new construction 4 bed 4 bath 2 blocks from the beach. It has been a full year and occupancy was about 60% overall but nearly 100% from mid may to mid Sept. I hope that helps, let me know if you have any other questions!

Super helpful! Thanks for the insight specific to the the AC/Ventnor market!

1 Vote

Quote from @Nathan Gesner:

Quote from @Jonathan Bienenfeld:

Luke has been in a strong market for quite a while and I'm sure his numbers are strong, but there can be a difference between Key West, Jacksonville, Hilton Head, Honolulu, or Newport Beach, Oregon.

Sites like AirDNA should be able to give you a good estimate, then be conservative with your numbers.

Thanks for that. Definitely seeing the difference between all those beach/waterfront markets. Jersey Shore gets particularly cold during the winter months so I'd expect the drop-off to be more pronounced in the off-season than some other places. Trying to utilize AirDNA--thanks for the advice!

0 Votes

All Forum Posts by: Jonathan Bienenfeld

Jonathan Bienenfeld has started 2 posts and replied 4 times.

Post: Best lock for STR

Post: Occupancy Rates for STRs in beach town

Post: Occupancy Rates for STRs in beach town

Post: Occupancy Rates for STRs in beach town