All Forum Posts by: Niv Astronivo

Hello everyone, I invest in South Florida, I know that AIRBNB in 2023 will be more challenging and not as profitable as 21/22, which makes me think about the strategy for buying my next STR...

Do you think it would be better for the house to have a pool to get more bookings? So should I just skip houses with no pool?

Is a three-bedroom house for 600,000$ and a pool sounds like a good deal or is it better to have 4 bedrooms? To clarify I'm talking about Hollywood area to FLL to Pompano Beach.

In the beaches area with a semi-luxury home, @Andrew Steffens is right -- you really want a pool.

The best way for you to verify this is to compare ADR (or comparable rates for specific dates) on similar properties in similar locations. Check a few with pools and a few without. In my area, a pool will get you about 30% higher ADR and you will get the same or a bit higher occupancy.

Do the same for bedrooms. A fourth bedroom will up your ADR, but not usually as much as you might think. And I'm not always sure it will justify the added purchase price in the very short term. In the very long term, a fourth bedroom is worth it -- it will add appreciation, resale value, and the smaller revenue gains will start to show big in the long run.

Yes this is what I thought. Thank you!

0 Votes

Fort Lauderdale, Florida

Hello everyone, I invest in South Florida, I know that AIRBNB in 2023 will be more challenging and not as profitable as 21/22, which makes me think about the strategy for buying my next STR...

Do you think it would be better for the house to have a pool to get more bookings? So should I just skip houses with no pool?

Is a three-bedroom house for 600,000$ and a pool sounds like a good deal or is it better to have 4 bedrooms? To clarify I'm talking about Hollywood area to FLL to Pompano Beach.

0 Votes

Fort Lauderdale, Florida

Many restrictions

0 Votes

Miami, Florida

All Forum Posts by: Niv Astronivo

Niv Astronivo has started 1 posts and replied 3 times.

Post: STR Airbnb in 2023: Does the home has to have a pool? How many bedrooms?

Post: STR Airbnb in 2023: Does the home has to have a pool? How many bedrooms?

Post: STR Investments in Miami Beach