All Forum Posts by: Aidan Osterdyk

Melanie, 

This is a great post. As I do not own any personal STR properties, I have consulted with a client recently who was looking out using a 1031-exchange to invest partial proceeds into a condo in Colorado. My immediate thought was to steer them away because it is so difficult to generate a decent cap rate, but we were able to build out a strong model for a STR. My issue that I struggled with on the advisory front was how we were sourcing the data, as it is difficult to obtain proprietary data from STR companies. We had all the other data needed (capex, ins, utilities, etc.), but the rental estimates we used were sourced from the property management company which made things exponentially easier. The client is now happy with the purchase and I am looking forward to seeing the returns generated.