All Forum Posts by: Kevin Escobar

I have spent the last week digging into AirDna, Mashvisor, All The Rooms, Price Labs etc (oh my!) and I would love your input! Which platform do you use to analyze a STR for you or your clients. Typically, I want to start with a high level look at the comps historical 12 months of Occupancy and Rental Rates. All the other fancy data is great but where can I get a comprehensive report showing the comps last years Activity. Right now I am doing it manually on Airbnb. Perhaps that is the best way?

I am a broker in Vail / Beaver Creek Colorado and after many years of my clients asking I've decided to open an arm of my business and manage their short term rentals. Rates and occupancy can change drastically month to month.

The problem that I have with Air Dna & Mashvisor is I can't remove comps that are skewing the data. Just like when analyzing a comp for Purchase, I want to just use comps in that same condo community or neighborhood when possible.

Thank SO much!! I appreciate this community! A drink on me when your in town skiing the answer to my dilemma ;)

Jamie

I use pricelabs market dashboards. There is a longer explanation involved than a post here. Let's connect if you want some help/my thoughts on it!

Haha I just saw this and I guess I gave the long explanation! Glad I'm not the only one who knows about the market dashboard.

Yup that's the long answer! lol

1 Vote

Denver, Colorado

Quote from @Jamie Salyer:

Hi!! I would LOVE your input!!

Thank SO much!! I appreciate this community! A drink on me when your in town skiing the answer to my dilemma ;)

Jamie

I use pricelabs market dashboards. There is a longer explanation involved than a post here. Let's connect if you want some help/my thoughts on it!

1 Vote

Denver, Colorado

Quote from @Sam DeZeeuw:

We have a contract on our first investment property! It’s a five unit building, one of those units is an add-on to the building, and it’s going to be a cool Airbnb! We’ve run the numbers and even talk to zoning and it all is falling into place and makes sense.

My sister is a interior designer and she is laying it out for us. The question is, it’s a 700 square-foot unit. Going to be one bedroom. And right now it’s a shell of a unit. basically we can turn it into whatever we want, and got it affordably enough that it still makes sense to do so.

However, as we build this out, would you recommend making sure there is room for a washer and dryer? There’s not a ton of room. And we want to use every inch very efficiently. On one hand, I don’t wanna waste space getting something that our cleaner possibly has. (Or maybe we don’t. I don’t know. I’m new to this). But I also could see that having it would make the cleaning process much more effienct.

Any Airbnb owners have any experience or advice on this?

I would say it all depends on the market. If its a market where you may be getting week long stays for a family - a washer/dryer could be a nice amenity. If its shorter stays like 2 night minimums - probably not necessary. 2 of mine do not have them and it has never been an issue,

0 Votes

Quote from @Reilly Barry:

Most STR investors are looking at CoC Return. Ideally 20% or greater.

0 Votes

Obviously there's a lot of different ways to do it - figure out what you are most comfortable with in your personal situation and go from there. We have done 10% down vacation home loans in our personal names and then taken out an umbrella policy for extra coverage. For the vacation loans you need to use the property for at least 2 weeks every year - which we easily do.

0 Votes

Richmond, Virginia

Look up the enemy method on Youtube - also from the Short Term Shop.

0 Votes

Quote from @Kevin Escobar:

Sounds similar to Evolve and they charge 10%.

And I think they have been around for about 10 years. However, I have seen many of their listings with lower ratings than I would be ok with - so that could be where you stand out. Higher level of service creating higher ratings.

0 Votes

Surrey, British Columbia

Sounds similar to Evolve and they charge 10%.

0 Votes

Surrey, British Columbia

All Forum Posts by: Kevin Escobar

Kevin Escobar has started 6 posts and replied 64 times.

Post: Launched our First STR!

Post: Good questions for interviewing short term rental cleaners?

Post: STR Investors / Property Mangers--AirDna, Mashvisor...Help!!!

Post: STR Investors / Property Mangers--AirDna, Mashvisor...Help!!!

Post: Do I need a washer and dryer in an Airbnb?

Post: What is your ideal STR CAP?

Post: New to STR and wanting help

Post: Is there a calculator for SRT

Post: STR CoHostish ThingIsh

Post: STR CoHostish ThingIsh