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17 November 2024 | 16 replies
To that end, I made a Google sheets document with every hospital system in GA along with the following data:CityZip CodeRentometer 2/X (what a 2 BR, any bath) goes for on Rentometer)RentRentometer 3/1+ Rent (what a # BR, 1.5+ bath) goes for on Rentometer)"Minutes to home" (how far a drive it is for us)"Staffed Beds" (measure of how big a hospital is)"Total Discharges" (a different measure of hospital size)"Patient Days" (yet another different measure of hospital size)"Gross Patient Revenue ($000)" (you guessed it, hospital size)Map Searches & Housing Requests (this and everything below was from FF.com stats page)Furnishedfinder.com Page ViewsTotal RoomsPrivate Rooms % UnitsHotels% Whole Place > 2500 %Whole Place > 2k < 2.5k %Whole Place > 1.5k < 2k %Room > 1500 %Room > 1k < 1.5k Page view per roomThis allowed us to narrow our search to hospital systems near us (less than 2 hours) in a less competitive market (higher page views per room advertised on FF.com) with a significant % of units being rented on FF.com at higher rents (more $).
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18 November 2024 | 11 replies
I recommend you really study your market to determine the appropriate rent rate, then market yours 5-10% below the competition for a six-month lease.
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16 November 2024 | 3 replies
@Andrew MaturanaTo gain a competitive edge in the hospitality industry, explore creative ventures, Triple Net investments, house hacking, syndications, joint ventures, and leverage business acumen, networking, and resources.Good Luck!
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14 November 2024 | 1 reply
Hello @Jordan Wisser,I agree with you regarding competition heating up if/when rates drop.
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19 November 2024 | 19 replies
A mix of competitive pricing on airbnb-- it's not the same pricing as a STR---remember that.
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21 November 2024 | 305 replies
@Margaret Buoncora I have never done it but renting individual rooms could be an option if competition is increasing in your market.
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14 November 2024 | 7 replies
It also has become a popular travel destination over the last 5 years or so, so there has been an increase in competition in the STR space as well.
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1 December 2024 | 134 replies
If this scares off people great, less competition for the rest of us.
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8 November 2024 | 14 replies
It does seem competitively priced for the area.If anyone has insights into how the existing HELOC might impact the mortgage assumption or tips for negotiating on a deal like this, I’d greatly appreciate it.
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14 November 2024 | 19 replies
Are you finding MTR to be increasingly competitive?