All Forum Posts by: David Acton
David Acton has started 2 posts and replied 7 times.
Post: ARV in a area with very few comps
- Investor
- Salt Lake City, UT
- Posts 7
- Votes 1
Quote from @Ko Kashiwagi:
Hi David,
Local realtor and local lender would be a great resource. I've seen appraisers go out 5+ miles on comps on these rural properties, sometimes go far as back as 24 months.
Good deal Ko. I think it's going to require some flexibility in location and timing for sure.
Post: ARV in a area with very few comps
- Investor
- Salt Lake City, UT
- Posts 7
- Votes 1
Quote from @Rene Hosman:
I would agree, speaking with a LOCAL lender who understands the area would be your best bet if you're having a hard time finding comps then an appraiser is also likely to have a hard time
Thanks Rene, will give that a shot!
Post: ARV in a area with very few comps
- Investor
- Salt Lake City, UT
- Posts 7
- Votes 1
Hey Jeremy, yes small town/rural. Good hearing from you again ;-)
Post: ARV in a area with very few comps
- Investor
- Salt Lake City, UT
- Posts 7
- Votes 1
I'm looking at a property in a small town, that is a good recreational/STR market, but there are very few comparable home sales to base an ARV on. As an example, there has been only one sale nearby in last 12 months and it was essentially a new build, so even that is not a good comp property. Any suggestions on how to get a good ARV?
Post: Estimated occupancy rate for AirStream/Travel Trailer STR
- Investor
- Salt Lake City, UT
- Posts 7
- Votes 1
Quote from @Michael Weigum:
Hi @David Acton
We rented our camper out last summer. It wasn't an airstream, but we had good luck with it. Our strategy was a little different. We delivered it to the campground after the guest made the reservation. We are avid RVers and there is a whole market of people out there that want to try it out before they buy one. That is a great target market for you. We used Airbnb, VRBO, hipcamp, rvshare, and rvezy. Good luck!
What market are you in?
That’s a great approach. I’m looking to make this as hands off as possible, so wouldn’t be able to do this, but glad it’s working well for you. I’m in the Salt Lake City area.
Post: Estimated occupancy rate for AirStream/Travel Trailer STR
- Investor
- Salt Lake City, UT
- Posts 7
- Votes 1
Very Interesting. Thanks for sharing this.
Post: Estimated occupancy rate for AirStream/Travel Trailer STR
- Investor
- Salt Lake City, UT
- Posts 7
- Votes 1
Attempting to run the numbers for a short term rental of my Airstream at a fixed location (permanently connected to utilities at a lot). It's relatively easy to determine the nightly rate - AirBnB has a camper rental category https://www.airbnb.com/united-states/stays/campers. The challenging part is what an rough occupancy rate might be during the months where staying in a travel trailer would be popular (April to October). I'm sure AirDna's occupancy rates of standard properties do not correlate with AirStreams. Like always there are variables (location, seasonality, etc.), but curious if anyone has a rough idea of occupancy rates for an AirStream (or Travel trailer) during peak season. Knowing where you are located would be really good to know as well.