All Forum Posts by: Alexander Stek

Thanks so much for the insights! 

I appreciate Michael & John's comments that the numbers will vary quite a bit depending on the location. Would love to know where you are finding 100k gross on a 500k property :)

Collin - thanks, I'll up the maintenance budget.

Sarah - I do use Airdna for projected revenue which is why I included the cleaning fees - my understanding any income just gets rolled up in "revenue" regardless of what the cleaning fees are vs nightly rate. 

Thanks for the insight that it's hard to find cash-flowing properties right now - I'm having a tough time finding properties that even come close; I wanted to make sure there's not something fundamentally wrong with how I'm evaluating the property

Hi all! This is my first post here. I'm excited to learn more about real estate investing :)

I'm starting the search for my first STR and was hoping for some advice on my ballpark expense estimates to determine a property's break-even point. I used figures from https://www.buildyourbnb.com/blog-post/how-to-properly-forec... for a 4 bedroom home; self-managed. I'm aware that expenses can vary significantly by market, but wanted a starting place to be able to quickly evaluate profitability against AirDNA projections.

Experienced investors, how do you calculate profitability for an STR after expenses? Are my ballpark estimates reasonable? Are there better tools out there?

Followup. If the numbers are right, it seems like lower-priced homes that meaningfully cash-flow are rare. I want a return on time I invest self-managing. Since many expenses are fixed, should I be looking at higher-end properties?