All Forum Posts by: Avery Carl

@Michael G. Depends on where you are looking and what the zoning laws are. Hop on Airbnb and look at the areas where other active listings are. But Nancy is right, you need someone, agent or otherwise, who is very familiar with the market and STR's within that market to help.

@Lauren C. Again with my "it depends" answer. If you have a set amount of cash you're going to spend on short term rentals, then I suggest a fewer number of larger properties rather than a bunch of smaller ones. The highest ROI comes at 4 beds and up (I used to have all small ones and traded up for bigger ones).

And the less sets of roofs, HVACS, plumbing, etc you have to manage, the more efficient your business.

The flip side of that is the "eggs in one basket" argument, which is also valid. So there's no "wrong" way to do it, but for max ROI and max efficiency, you'll probably want to do a few bigger ones rather than a ton of small ones.

@Lauren C. I’ve got quite a few off markets whenever you’re ready!

@Lauren C. Alright so this probably is not the answer you’re looking for, but the answer is: it depends. Depending on the age, newness, and amenities (indoor pool being the biggest driver of income of any available amenity), a 4 bed can do anywhere from 75k-120k gross. A plain-Jane, 20 year old property that is cute and nice but nothing spectacular will get you the lower end of those numbers, whereas a brand new 4 bed with a pool will get you on the higher end.

The net will be dependent on you and can vary from person to person so that’s hard to project based on loan type, management style, etc.

The gross will depend on the size of the property, the net will depend on how you manage it. How big is it?

@Nancy Bachety boy this time! He's 11 weeks!

Good cleaner, good handyperson, good channel manager. Everything else works itself out from there.

@Michelle Lammers we would be happy to help you!

I am! Also @Matt "Roar" Gardner has an REI meetup in this area

@Luke Carl it’s like right across from our new one I’ll show it to you