All Forum Posts by: Rob Leonard

My name is Rob, Im married to my wife Melanie and we live in Columbia SC. We love to go camping, take care of our home, and try new restaurants. She's a pilates instructor and a sales director for a major hotel brand and I manage software accounts west of the Mississippi and abroad. Im mainly here to build relationships and to partner on STR, LTR, and possibly do some flips - if you have other business ventures Im interested in that as well!

Anyways, hit me up if any of that is up your alley!

2 Votes

Columbia, South Carolina

Quote from @Oj Brown:

Airdna

I hear ya - i just feel like their data is somewhat limited and to be used as a rough estimate, along with airbnb calculator (not to mention that site is god awful slow)

0 Votes

Quote from @Luke Carl:

I made a video on this topic. Please check it out! The Enemy Method

hell yea brother - this vid answered my previous question. I just underestimate how much manual work successful people do, this illustrated that perfectly, thanks for sharing the process!

0 Votes

Quote from @Luke Carl:

YOUR ENEMY: To be found on AirBnB with the following qualifications...

1. MUST be Stelf-Managed. If they're using a PM they are NOT competition. In order to make sure.... click on their picture and open up their profile. If they're managing 47 properties... They are not self managing and they do not qualify as an Enemy. NOTE! Many PMs will use a profile picture from a happy couple to make it look like the property is self managed.

2. Must be close to your property.
Will depend on the market. Could be anything from one block to 100 miles.

3. Must have a LOT of reviews.
100+ reviews is ideal. Thats how you know they're good at their job and they've been around for a while.

4. Must have same square feet and sleeping capacity.
Number of bedrooms is not as important as sleeping capacity

There is no exception to Rule #1
If necessary, you can make exceptions to rules 2 through 4.

Find your Enemy, (2 Enemies would be ideal but not necessary).... go to their listing as if you are a guest... Click around and find out what they're charging. Spend some time obsessing and you can pretty quickly estimate how much money you can make if you manage the property properly.

Your Enemy can also be used for:
Price Per Night
Housekeeping Fee
Minimum night stay
Extra fee per guest over X number of guests
Pet friendly?
House Rules
Etc.

The moral of the story is... Find someone who is very good at what you want to be doing, and learn from them.

This is the STR version of seeing what similar properties rent for on ZIllow.

Any suggestions on getting the occupancy rate? Manually youd look at each month but do you have another suggestion?

0 Votes

Quote from @John Underwood:

Quote from @Bruce Woodruff:

I want the most accurate information, not some computer algorithm guessing. So I always just look up my competitors listings and see what they're charging and how full they are....which amenities do they have, etc....

You can double-check with the sites you mentioned, but to rely only on them would be foolish IMHO....

Exactly this.
Manually check it yourself.

I feel like a few items, like guest count, amenities, nightly cost would be pretty easy to manually snag data on but what about occupancy rate? Would you just look at every single month and see whats available and whats not? I feel like that piece would be pretty tedious.

0 Votes

All Forum Posts by: Rob Leonard

Rob Leonard has started 1 posts and replied 7 times.

Post: New real estate investor

Post: Seeking Like-Minded Investors - My First Real Estate Venture

Post: Here to find partners for Short Term Rentals, Flips, and other business ventures

Post: Which AirBNB estimator do you like the best?

Post: Determine how much an STR will make using the ENEMY method

Post: Determine how much an STR will make using the ENEMY method

Post: Which AirBNB estimator do you like the best?