All Forum Posts by: Kenny Carter

 Got it, thanks for explaining. 

 Got it, thanks for explaining. 

I've seen the term base rate used. As I understand it, that is the cost before the PM (Vacasa, VRBO, etc) adds the fees etc. Should I use that number, averaged across the common platforms for this STR, in order to get a sense of what other properties are doing?

 I'm pretty sure I'll have to honor the existing rentals through Vacasa for the duration of the summer / into the fall. But I think it is unlikely that I will continue with Vacasa.

@John Underwood

What drives different prices on the different platforms?

Hi. I'm very close to pulling the trigger on our first STR. Two question regarding estimating revenue:

1- Vacasa is the PM. The revenue sheet I got from the listing agent was a a pdf of excel, only breaking out monthly totals per year. I certainly can't trust that. Doesn't Vacasa have a web portal or a more formal report that I could at least feel was less likely to be doctored. 

2 - I'm trying to eyeball what gross revenues would be. The property is on Vacasa, VRBO, Airbnb, and has different prices on all three. How do I figured out what the actual gross to the owner is? Im assuming all 3 take different amounts off the top before providing the owner with the revenue. Is there a way to understand the details of that? And why are the prices different on all 3?

Northern Va is a tough, tough market. Housing demand is very high, as is average income, etc. You'll find plenty of posts of folks in NoVA asking where to invest because the market here is pretty inhospitable. That said, two days ago I had lunch with a pair of investors who claimed to be moving 20-25 townhouse flips per year + some other stuff. I think their advantage was very low construction labor combined with the deal pipeline of a 30 year real estate agent. 

It's a great area to live in. Arlington / Fairfax / Loudoun counties have the best schools, generally.