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%.
Engelo Rumora
WTF is wrong with investors these days?
9 March 2024 | 261 replies
Too many influencer types.
Ahmed Alswaiti
Navigating Through Rising Foreclosures and Market Opportunities
1 March 2024 | 2 replies
appreciation from Micron coming in, so it's not exactly untouched by outside influence.
Eric George
Newbie First Steps
1 March 2024 | 10 replies
The instructor in our last class commented on reconnecting with our COI (Center of Influence) as well.
Darrell Gibson
Pace Morby's Subto Mentorship is the BEST!
4 March 2024 | 71 replies
Some are influencers living in their parents basement with their "command center" of pawn shop bought computers and monitors of which a few are on Porn Hub 24/7 while they shill for Pace and crypto bois.
Amit Shukla
Pre and post purchase task list
29 February 2024 | 5 replies
Usually, a seasoned, experienced real estate agent or broker could also provide insight to current market rules and the local sentiment regarding STRs that might influence future changes.Some markets have no restrictions.
Jeremy Porter
Understanding the Timeline: How Long Does an Eviction Process Typically Take?
29 February 2024 | 2 replies
Once a lawsuit is filed, the court will schedule a hearing, and if the landlord prevails, a writ of possession may be issued, leading to the physical eviction.Factors that can affect the timelineSeveral factors can influence the overall timeline of the eviction process.
Hayden McDougal
I'm 18 in HS, Is getting my RE license the best way to get involved w/low capital
29 February 2024 | 8 replies
.- Identify and target lead sources: i.e. sphere of influence, potential sellers (i.e.
Rylan Zwanziger
Wealth Ability- formerly ProVision - Tom Wheelwright
28 February 2024 | 63 replies
This is our first tax year with any sort of real estate investments on there to influence our tax hit for 2017.
Vontarius Dameko
Real Estate Tokenization
26 February 2024 | 7 replies
So, if you are in a property early, wait 6 months or whatever the hold period of the offering type is, and then unleash your tokens onto an exchange, you potentially influence the value of that token forever, no matter how the underlying asset performs.