All Forum Posts by: Saranya Sundararajan

 How do you figure out ADR and occupancy by looking at Airbnb listings in the neighborhood? 

Sold as a 2bedroom 2bath with a small bonus area upstairs in the shagbark community. While it is a 2 bedroom , it actually has another room attached to the second bedroom - which has a double bed. It has a view of the smoky mountains . Has hot tub, shuffleboard , arcade games and we'll add other games. Sleeps 9 guests . I know shagbark is far as you want to go for an STR in the smokies. Owners have had it since Apr 2022 and will make $50k (but they have been using the place a lot)

My agent  thinks it can make $80k conservative but that feels too high to me as it’s 70% occupancy @ 300 ADR. Any gurus can help gut check ? 

We are first time investors as well @Venkateswaran Venkatasubramanian and have been looking at the smokies . We have been keenly watching the market. Our assessment has been - you really need to find a deal. For most of the properties, the bath just doesn’t work. People who bought a property for $250k are now wanting to get out of it because that same property’s price right now is $500k. 

Dm me so I can share what I have learnt as an investor who has been running the numbers every day. 

Also we have been working with Madeline Blom and love her as our realtor 

Hi @Melissa Nash - STR investor. This sounds interesting. Would love to chat

Hello there,

We are expanding our horizon from just the smokies to including WNC. As we start looking at properties, any wnc experts here who can give a second set of eyes at projections when it comes to it?

 Loool. Welcome back :) 

Thanks!  

Hello,

i am here again. Wanting to understand what’s a good 3bedroom 3 bath ADR  and occupancy to use for the Shagbark community rental with Mountain Views throughout? 

 Thank you for taking time to reply - it’s gross