Mark Miles
Airbnb Stats: Valuable or Worthless?
16 December 2024 | 5 replies
The numbers don't make sense to me, based on their descriptions.The most dubious is "First page search impression rate"Airbnb defines it as the percentage of time your listing shows up in the top 10 results when a guest searches for a location/date.I have 30 listings in a market with 20,000+ homes available, and they all have a "First page search impression rate" of 40-60%.
William Vreeland
Section 8 Indianapolis
21 December 2024 | 6 replies
The demand for market rate is good.
Max Nathan
Investing in a far away market
17 December 2024 | 12 replies
@Max Nathan there is no cash flow anywhere right now on small properties - prices and rates are too high.
Dina Schmid
Is a Loft a Bedroom?
18 December 2024 | 13 replies
Builders do this a lot to add extra potential sleeping area without having more bedrooms than septic is rated for.I have seen people put beds in the loft after closing or even close in this area to make an unofficial bedroom.Just be clear in your pictures and description and you should be fine either way.
Kenzer Hodgson
New to STR
19 December 2024 | 6 replies
Dynamic pricing tools like PriceLabs or Beyond Pricing can help boost your revenue by adjusting rates based on demand.
Matthew Samson
Borderline (expensive) foundation problem
9 December 2024 | 8 replies
It might be $25K today, but if tariffs kick in next year (or the year after), the cost can rise (whether it is actually because of tariffs or because contractors want to blame it).I would get at least 3 bids and go from there.
Eamon Conheady
Do not use this lender!
26 December 2024 | 21 replies
This is why I always tell novice investors to stop shopping for rate and fees.
Justin Jefferson
Can someone guide me through the first step of analysis
22 December 2024 | 8 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
Danielle K.
How long once going live on Airbnb did you start getting steady bookings?
18 December 2024 | 12 replies
If not, re-check everything - listing, photos, rates, booking policies, etc.Often, newbies have rates that are too high and/or booking policies that are far too onerous.
Will Reed
Roots in Pipes
19 December 2024 | 7 replies
I even had preventative maintenance set up, but the root growth rate was unpredictable.