All Forum Posts by: Steve Nafziger

 Not necessarily, I'm trying to figure out if people just use the average nightly price for every day of the year or if the nightly rate fluctuates in different parts of the year, which I think is the case, and if so how you determine the nightly price for each time of year..hopefully that makes more sense. 

Hey everyone! I need some insights on how you price your vacation rentals. I am looking in the Blue Ridge Georgia area and for my formulas I find my average nightly prices based on other similar airbnbs in the vicinity figured at about 60% occupancy to be conservative, but can't seem to figure out how to price each week or month accordingly. Any tips for a rookie?

@Patrick Drury thanks, Patrick! As a Michigan Wolverine it’s hard to get myself to invest in Columbus 🤪 but I know it seems to be growing like crazy and so are the cities outside of Columbus so it’s something I’m going to research more. Do you think Columbus does well with short term rentals or are you thinking more long term rental?

@Randy Dubiskas we’re not too far from Bowling Green or Toledo so those are the two good college towns within an hour from us. I hadn’t thought of that type of niche yet, thank you!

@Danette C. Thank you so much for your response! There’s so much good information to take in. You gave me a lot to think about! I’m starting to see how keeping it local or at least in one market at first will be easier especially in building and maintaining the relationships needed to manage from a distance. Thanks again!

@Joshua Strickland thank you so much! That makes sense and I really appreciate you sharing your experience with me!

Thanks for the reply, Joshua! That is super helpful. I grew up vacationing in Pensacola Beach, FL and have been looking mainly in Blue Ridge, GA and the Gatlinburg/Pigeon Forge area so those ideas are awesome to me. I have a follow up question. If I look in the Florida panhandle or anywhere near a beach, how important is the proximity to the beach for a vacation rental to cashflow? Do properties more inland (more in my budget at this point) still get rented at a good rate? I know that is probably a dumb question and not asking for specifics unless you have the crystal ball, just in general. Thanks!

Hello BP! I am 29 years old and very new to real estate investing but have always had a passion to learn about construction, home values, and travel. Flipping houses has been a dream of mine and eventually I want to quit my job (actually I would like to quit it now) and have real estate investing be a full time job and find financial freedom. I am learning so much right now can't get enough of the BP podcasts and videos and love practicing and analyzing deals!

My wife and I are feeling ready to have the rubber meet the road and purchase our first investment property using the equity from our primary residence. I want to start with the BRRRR method and do the rehab myself and turn it in to a short term/vacation rental and continue to do this to start building my portfolio with single family homes. The biggest problem is I do not know where in the country to start doing this! Living in northwest Ohio I know it is not around me so I did not know how to start researching where the best up and coming or steady markets are. Should I aim for trying to stay in one location or is it better to diversify and buy around the country? Any wisdom y'all can share is appreciated!