All Forum Posts by: Anand S.

You're not able to see what he charged for dates that are already booked. Maybe the dates you are seeing are the ones he discounted due to being vacant or are days that are off-season. 

Trust me, you can make those numbers. I'm lining up to making close to $50K on just one house in July. That yellow booking was done on AirBnB and was for $7K. 

@Jourdan Amerson the link to your AirBnB did not work.

@Shawn Moore what is your experience and what makes you the person to get the job done? 

@Bob Foglia you make excellent points. The key is aligning yourself with an effective program that accomplishes the objectives you outlined -- $4800 is more than worth it if it delivers. 

It's hard to hear this but I agree with @Luke Carl

My rule of thumb is if the damage is less than 5% of the booking then I let it go. It's easier to clean up and move on. The overall amount that you end up eating in a year should be less than 1% of revenue, and you will save time not having to chase ABB for damages that may or may not be paid out. 

I'm not so sure. These guys will flood the market with supply and I am pretty sure they will adopt some pretty aggressive pricing, forcing us to contend with lowering our prices, too. Their financial goals are probably to carry the home and offer a return just higher than inflation.

 Austin, Miami and Dallas are the initial focus -- they will expand

Have you guys seen this? An asset management company is planning on buying $1.5B worth of homes, or 5,000 homes at an average price of $300K, to operate as STR's. The plan is to focus on Miami, Austin and Dallas.

What do you think this will do to the market? Good or bad?

Are you guys considering the possibility that STR rents will go down or stabilize, or the housing bubble will burst? I firmly believe that 2021 revenues are unsustainable and we will see lower revenues next year and onward. I also believe the housing market is in a bubble. As soon as rates start creeping up and the Hedge Funds/Northerners/Californians are done with their buying spree, the market will correct.

I would be comfortable with a profit of ~10x annual net income. 

Hi All, this sellers market is insane. At the same time the STR market is insane, too! What price would you consider selling at as a multiple of your annual net profit? Would you sell if you net 5 times your annual STR net income, e.g., if you net $10K per year would you sell if you could make a $50K profit?

Got it. Thanks. 

I'm with you @Luke Carl and @Bruce Woodruff. 

@Dustin Allen did you get sellers willing to share that information without even seeing the property? Was it detailed books or just high level? I imagine this was for multifamily or businesses.