All Forum Posts by: Kevin Pillow

I need to look into turnoverbnb. Solid list! I recommend IGMS for channel manager/Pricelabs for pricing data.

 I think its a new site, AirBna based out of China.

 Glamping is the future!

I know a builder out here near Navarre, if you want I can ping him to see if he has any suggestions. You can shoot me a DM if you want me to get in touch with him. He is currently building a Duplex in Mary Esther and I know he usually goes around buying lots in mixed use neighborhoods then builds new homes that sell ASAP since they are so nice. 

Do you already have a property?

First I would read this 9 year old thread about the 2% rule https://www.biggerpockets.com/... You will have a long term lease for the other unit and you will rent out your own unit for the weekends. There are about 104 weekend days out of the 365 days in a year, so if you are able to book all 104 days your occupancy rate is 104/365 = 28%. This is just an example but you can play with the number of weekend days you can get booked out. I'm going to assume the property is in Harris, County Texas so near Houston. I don't know what the seasonality for that market is but if you can figure out the average nightly rate for the year then you multiply that number by the amount of weekend days you estimate will be booked. So if the ANR aka ADR is $175 for similar properties to yours and you figure realistically you can get 95 weekend days book, then the math is $175 (ANR) x 95 (days booked) = $16,625 in gross revenue. That doesn't include the additional revenue from the cleaning fees you decide to charge. This is just one of many methods you can use to start getting some numbers for revenues. After you get your operating expenses and debt/insurance/taxes figured out you can subtract the sum of those amounts to get your projected cash flow. I would love to see what people think of this so please feel free to throw spears. Good luck and I hope this helps!

 I think DESTIN is an amazing market! Ask me why lol.

great topic, have you considered pricelabs market dashboard? I think it does a pretty solid job of providing not only the Airbnb/VRBO data but also includes professionally managed properties too for a better understanding of the market as a whole. There is a software called Argus that is used by CE professionals that tries to do the same thing and they are extremely popular.

Hey I just saw this headline, looks like exciting news for the DFW area. ”An hour north of Dallas, where the D-FW area’s urban sprawl gives way to fields, Texas Instruments is building a massive facility with major implications for the U.S. economy.”