All Forum Posts by: Brian Barch

Used them and they were horrible. When u left, even they themselves admitted they too would have left with how many hiccups they had. Stay away

As an investor, revenues need to be 15% of purchase price/year to consider

As an investment, I would never consider a property that brings in only 7% of the purchase price. That’s about half what it should be.

how did you arrive at this price? 

In 3 years I’ve never not had a weekend book out. Hell, most weekdays book out.

all this means, I have to block off months in advance, and not open up my calendar too far in the future

No.

the beauty of real estate is the long term net worth impact. You don’t want to be doing arbitrage for 10 years with little to show for it

Do all of the following:

1) the enemy method on local comps

2) free sites like Rabbu, awning, and freemium Airdna. Search a radius and determine what the low/med/high properties are making by bedroom count.

3) make note of what the top 5 properties have in common. Do those things.

I would not use the rentilizer portion of these sites.

Airdna

Pricelabs market dashboard

Rabbu (free)

Awning (free)

others: chalet, remedy, bnbcalc, STR insights, StrIQ, arbtics

1) location

2) design and amenities

3) revenue management 

Quote from @Emily Poerio:

Thanks for the reply Dustin! Yes, I have subscription to AirDNA and the analysis states expected income at 63.5K.  I do have the actual rental income for the past 3 yrs at 69K, 55K, and this year 40K to date as of beginning of Aug.  It was built in 2021; purchase price 615; was planning downpayment of 25% or possibly 30% if rates better.  

Assuming this is purely for investment sake, $55k on a $615k property isn’t a good use of your $$$. You want to target homes/markets where %15-20 of the purchase price in yearly revenue in possible. Meaning this place would have to do $100k/yr in revenue

I want to know:

High/med/low revenue by bedroom count in a market. I then want to compare this to the median home price by bedroom count in each market. I want to compare these ratios.

I also want a summary of features of the “high” category above.

lastly, I want to know where those high properties are clustered, and if the market is saturated or not via comparison of supply vs demand growth.

Hope that helps!