Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Ran Fridman What program do you use for accounting and expenses?
4 March 2024 | 18 replies
RentRedi has accountimg software but I haven't checked it out. 
James Carlson Hot take: Personal booking websites for your STR are overrated
7 March 2024 | 82 replies
Plus, utilizing google business listing and social media, along with influencers that promote the property.
Duarte Marques Buying a turnkey duplex for section 8?
4 March 2024 | 23 replies
It seems like Section 8 "influencers" are really taking hold on social media lately.
Jeffrey Richard Which experts to listen to?
3 March 2024 | 4 replies
The "influencers" / "youtubers" etc. are making money, in my opinion, providing entertainment so they can get as many views as possible. 
Mario Richardson Tax Professionals Recommendation
4 March 2024 | 8 replies
@Mario Richardson I don't think the location of the CPA matters provided that they have a solid background in Real Estate and software/tools to support you remotely.There are 20+ real estate CPAs commenting in this forum.
Alex Fenske Bookkeeping when managing 3+ flips at a time?
4 March 2024 | 8 replies
For those who manage 3+ flips at a time, I'm curious what bookkeeping software you use and how you keep all the expenses properly matched to each property. 
Michael Ellis Is there SPECIFIC software or websites to find market demand?
2 March 2024 | 1 reply
I wanted to see if there are any specific software or websites to help aid with finding the Market Demand for different investment types?
Josiah Cottingham New Investor Here Looking for Help to Get Started!
4 March 2024 | 14 replies
Your investing selections will be influenced by your ambitions.Make both online and physical connections with other real estate investors.
Robert Burns Finding Wholesale Properties!
3 March 2024 | 6 replies
I don't need software to find them. 
Emily Anderson Full STR analysis in Okaloosa Island, Florida, WITHOUT using AirDNA.
4 March 2024 | 18 replies
Instead, this rise is influenced by certain listings being unavailable during this period, along with higher prices set by some high-end listings to offset lower demand.Now, let’s examine the variation in cleaning fees per day of booking across the year, applying the same filters as in the previous case.Here are some observations:In contrast to the average daily rate, the cleaning fee per day of booking remains consistent throughout the year.The average value for our subarea in Okaloosa Island (represented by blue dots on the map) stands at $20.6 per day of booking.Financial Case Study: Analyzing the Performance of a Short-Term Rental in Okaloosa Island, FloridaIn this section of our analysis, we are going to conduct a financial case study to understand the expected performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Santa Rosa Blvd., in Okaloosa Island.Here is a summary of our findings from the previous sections:There are two demand hotspots for short-term rentals in Okaloosa Island, with the one located at the southwest of Santa Rosa Blvd exhibiting a higher occupancy rate (69.6%) and a higher average daily rate ($306).The top-performing listings in this area typically feature 2 bedrooms and 2 bathrooms, with 5 out of 8 listings having these exact characteristics.We have analyzed a chart containing the top 100 most common amenities for top-performing listings with 2 bedrooms and 2 bathrooms.The high season extends from March to the end of November, with May and July being the peak months.The average daily rate for a 2-bedroom / 2-bathroom unit in this area throughout the year is $306, with an average daily cleaning fee of $20.Now, assuming we have located in the for-sale market a 2-bedroom / 2-bathroom unit meeting all our criteria, our objective is to run a financial case study to estimate cash-on-cash returns and other relevant parameters.The chart below presents all the inputs for our financial case study:Some observations:We anticipate receiving 40 reviews within a 12-month period, which is a conservative estimate based on our previous analysis.The bookings to review rate has been established at 85%.