All Forum Posts by: Heidi Nikolai

The rental is located in Idaho Falls, ID and yes it is very seasonal because most of my traffic is for Yellowstone & Grand Teton National Parks. However I started to see the drop off last July and there are way more STR's on Airbnb now. And yes, having it rented for only two years makes it difficult to evaluate because I did start renting it out when people seemed to be traveling to more rural areas or places that had less covid restrictions.

Hi all,

I am looking for advice on STR's and cash flow. I bought my first STR two years ago and did very well my first year and a half. However, now the STR market in my area is flooded with inventory which drove down both my occupancy and my rate. I went from $150-$250 per night down to an average of $87 in the last four months. Between the mortgage, utilities, cleaning costs, ect I am usually just breaking even each month. I have about $80,000-$100,000 of equity in the house already, along with a very low interest rate. I am wondering if it would be worth it to hang onto this property and continue to build equity until the market improves, or interest rates decrease, and I can sell to find a more suitable market to invest in. I am not losing money at this point, but I am not sure when I should pull the plug. This was my first investment property and the first time I am finding myself at the "hold or sell" stage.

Thanks in advance!

Heidi