Your Views on Property Analyzers

[Maria Molu]

Hi everyone,

Quick question for investors and hosts here.

As someone who helps find STR properties, I usually use tools like AirDNA, Bnbcalc, and Rabbu( Rarely) to run projections before recommending a deal.

I’m curious, which of these (or any others) do you personally trust or prefer when analyzing a property?

Also, how much weight do you actually give to projections?

Do you feel they really reflect how a property will perform, or do you take them with a grain of salt?

Would love to hear how others approach this

[John Underwood]

Quote from @Maria Molu:

Quote from @John Underwood:

I use a spreadsheet and do the work to put in real numbers including relevant competition to know what occupancy and nightly rates are for similar properties so that a mobile home isn't lumped into the mix.

I'd be interested in knowing how you do this if you don't mind sharing with me. 

 As an Engineer, I used spreadsheets everyday.

The easiest way is to google STR spreadsheet. There should be some in this forum also that people have uploaded.

Google the "enemy method " and you will find You tube videos that explain checking pricing of your potential comparable properties.