Celestin Youmbi
New member from Columbus,Ohio
5 March 2024 | 13 replies
As an investor and agent here in Columbus Ohio, if you have any questions or want to connect, definitely reach out!
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%.
Account Closed
Having trouble making offers on Realtor.ca
5 March 2024 | 2 replies
Is Canada not like the US where you can get one buyer’s agent to search all the properties and send you this info instead of dealing with a new realtor for each property?
Brandon Persell
Need advice for first purchase
5 March 2024 | 2 replies
Find an agent who's content making lowball offers for you.2.
Baahir Starkey
Where Should I Start
5 March 2024 | 13 replies
Hey Baahir, I am an agent and investor in the area and I recommend asking yourself these questions:1.
Ace Kaspar
Townhouse in Raleigh
5 March 2024 | 2 replies
Found it via Zillow and negotiated with the selling agent
Shawn Sopic
Laundry room conversion
4 March 2024 | 7 replies
You can install those floating shelves to maximize space which also people to put their detergent and cleaning supplies.
Alana Reynolds
House Hacking to the max
4 March 2024 | 10 replies
You have a place to live now in the camper; find a great agent in the area who is familiar with the VA Assumption process.
Andrés Aguilar
Interested in Out-of-State Investing in Oklahoma City
6 March 2024 | 18 replies
They did the design work, ordering, set up, approval with the city and manage the day to day operations with guests and cleaning etc.
John Otradovec
Fix + Flip project in Kansas City, MO
5 March 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?