All Forum Posts by: Kevin Pillow

So do you mean literally where are the hottest spots for AirBnB or figuratively? Because if it’s the latter then my vote is for Destin Florida or Panama City Beach.

Hi Zachary, I usually just connect investors in the Pensacola area with @Caleb Drake. He is an Investor Agent with his own monthly REI meet up out there. He is definitely someone you want to link up with.

 something I always thought if you don’t like tenants there is commercial real estate that’s more business client focused.

 This exactly. Focus on what’s in your control and don’t let external stories change your focus. I’ll read the article now but it just seems like another hit piece.

This would be really helpful, most of the vacation rentals in our area come furnished. There are times when the furniture needs to be replaced or there isn't any. In that situation it's a huge pain in the *** for my out of state buyers that either have to come down to do manage it themselves which gets pretty stressful or they ask me to package watch/meet the movers. I don't mind it but it gets hard to coordinate and turns into a huge mess. Your idea could relieve a lot of headaches for out of state STR investors. Best of luck!

@Jamie Salyer Can probably get you the answer you need!

@Jamie Salyer We keep the dashboards because the data is constantly updating. It's a standard template that we go into any time an investor reaches out and wants more than just a back of the envelope analysis. 

 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.

@Jamie Salyer I literally just posted this in a different thread asking about the accuracy of AirDNA and then I saw your thread so I copied it over. I'm a huge fan of Avery Carls work, I recommend her book to everyone lol and the Enemy method is great but it is time consuming and we usually don't have the time to spend 2-3 hours analyzing one property for an investor that may or may not pull the trigger on the property. Using Pricelabs market dashboard feature we can build out dashboards for specific areas we work for short term rental clients. We can also filter for very specific areas/neighborhoods/condo buildings by using their draw tools on a map. 

This is my process for building a comp analysis using price labs and applying the enemy methodology to see what you can expect for revenue numbers of a potential investment property. You can DM me and I would be more than happy to jump on zoom to go over some other things I do to get the big picture of STR performance in my market.

The Pricelabs market dashboard feature (very affordable) to do a comp analysis similar to the enemy method:
1. Create a dashboard for your area of interest
2. Filter to match the number of bedrooms of the subject property
3. Filter for AirBnBs in the neighborhood of your property by using the box or laso tool
3. Then Pricelabs will generate a list of all the active airbnb listings within that box/laso that can be sorted by different categories and is downloadable
4. The categories will show occupancy rate, listed rate, revenue and some other metrics
5. There is also a link to each property in the list so you can see the actual Airbnb listing for the property. If the property has high occupancy rates, lots of reviews and solid revenue you can go to their airbnb listing and analyze what they did to their property to get those kinds of results. Your job would be figuring out how your property compares and what you need to do to be in the same bracket as those best preforming airbnbs in your target area. You can also get a better idea of what your revenue numbers can be based on comps with other active airbnb listings in your immediate area. Here is a screen shot to see what it looks like when you filter for a specific area. Hope this helps!