We are always priced under the market average for properties, as we prefer a slightly higher occupancy rate over a higher nightly price.  

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

Whenever I hear anyone talk about managing occupancy, there is always a heavy focus on leasing.

What I am trying to understand is after Coachella ends, would it still have the strong recurring demand/occupancy for STRs?

Good occupancy and solid CAP rate.

The draw is actually this coming Fri for 2026The market for STR seems saturated in popular/touristic regions, however, if you have a unique property and offer affordable pricing, you may get descent occupancy. 

And it doesn't seem to spoil the charm for couples on a romantic getaway.We've been able to raise the nightly rate 2-3x with better occupancy. 

NOMAD wants to rent my house with a Master Lease where they pay me the rent and then sublet to occupants who pay them.

Placed in service means when the property was available for rent (i.e. certificate of occupancy or first advertised). 

The key is to purchase in desirable locations where demand for rental housing is high, ensuring consistent occupancy and the potential for rental rate increases over time.2.