In the market for another STR and wondering if anyone has a spreadsheet that calculates STR deals? Or, how do you decide whether or not to purchase a STR?
Great question, and I am also looking for a good STR calculator. Might just build one myself, so if anyone has an awesome one please quote this message and let me know!
In terms of inputs I would look at occupancy, seasonality and average daily rates. In the Northeast there are lots of areas with year round interest - hiking and outdoors in the summer, skiing in the winter.
On the Vrolio website you can find a very good one
Here you go. Someone posted this a while ago. I find it quite useful, maybe you will too.
Came across this video
Just discovered this on Evolve, just not sure how accurate/useful it may be...
@Nancy Bachety thanks going to check it out.
@Katharine Gonzalez @Katharine Gonzalez I think the best approach is to first make sure it make sense first as a regular rental property especially with all the rules governing what the city bans them and you need to convert to a regular rental.
@Frank Luna excellent point, thanks!