You can get the STR data from something like AirDNA and then check out what your competitors offer on sites like Airbnb/VRBO.Negotiations will also depend on their cash flow and how much of the business you buy.

Purchase price: $215,000 Sale price: $248,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Tony Skaggs, purchased a property on White Tail Ridge Rd, Pikeville, TN, for $215,000 on 6/27/2024.

Purchase price: $400,000 Sale price: $449,000 Contributors: Peter Vekselman Partner Driven, alongside Matt & Penny Winfrey, bought a property on SE Blockton Ave in Port Saint Lucie, FL, on 8/29/2024 for $400,000.

Homeowners investing in large-scale projects might be preparing their properties for sale, making them potential leads for off-market deals.Spot Investment Opportunities:Investors can use building permit data to locate properties undergoing significant upgrades, especially in up-and-coming neighborhoods.

Make sure they provide all relevant financial data, vendor contracts, and other important documentation for the properties.

When I see a property starting to underperform, as the manager I have to run the data to figure out why and then make adjustments whether is lack of amenities, need updated photos, replace a couple pieces of dated furniture or increase my focus on advertising that property specifically.

That same report found data to be 96.2% accurate. 

These two data points help us understand the demand for new construction homes in terms of size and price.

Then I get STR data from AirDNA to ensure it's well above 1.5x LTR data.

I generally let tenants know that if they want it, there are services they can pay for, where they put the data in, and then I get sent an email just confirming the data is accurate.