All Forum Posts by: John Arena

Thanks all.  

Thanks all.  Revenue projection is what I am trying to do for 2025. We just added some large property updates this year (heated/chilled pool, fire pit, extensive landscaping) so I am trying to get a revenue projection for 2025 given all of the updates.  Its past performance has been significantly below what AirDNA estimates.  The main issue looking at our actual historical data seems to be that our actual ADR is substantially below (about 30%) what AirDNA estimates.    

My PM company told me that is who they use for rate setting.  They say they use Key Data (not AirDNA).  I have not heard of Key Data either.  My property performance is way below what AirDNA would estimate so I am trying to do some investigation on my own.

Hi All

Does anyone have experience with Coleman Revenue and Research in the STR marketing/pricing world? Thank you.

For those who have used a  PM and changed PM, what questions did you ask to evaluate the new PM?  What factors were most important?  i This particular PM and property I have had for two years.  The main issues are: 1. gross revenue has been less than half the projections the PM initially provided and what is on AirDNA, and 2. gross revenue has dropped 30% from last year to this year despite me investing over $125K in improvements (new pool, new fire pit, new landscaping, new dog yard).  In fairness, that could be due to disruption from all of the construction.

Our current PM has done a good job maintaining the property, but more and more I find myself having to get involved in day to day issues.  A simple example is that they called to tell me the hose was left on in the pool.  I live 500 miles away from this property.  All I knew to do was to call the pool company (who the PM introduced me to) to see if it was them.  It was.  They went and turned it off.  Not a big deal, but now I am getting 8 to 10 of these types of calls a month.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,400,000
Cash invested: $400,000

First tier beach property on Cape San Blas. Built in 2021. 4 bedroom/ 3 baths. In June 2024, we completed installation of a heated and chilled pool. The landscaping is underway. Once completed, I will post pictures.

What made you interested in investing in this type of deal?

We had vacationed there for years and viewed it as a place for future retirement.

How did you find this deal and how did you negotiate it?

Real estate agent. It was a typical house purchase deal.

How did you finance this deal?

Cash on hand and conventional mortgage

Lessons learned? Challenges?

I have alot to learn. The house is underperforming financially. It may be due to the lengthy pool permitting and construction process. 2025 will be a critical year.

Hi Everyone,

I am new to the forum.  We have one vacation rental in Florida and a long term rental in Louisiana.  Both of which we have owned less than two years.  I am interested in making connections, learning new ideas on how to improve our properties, offering help where I can, and of course, finding more properties. If there are any meetups in the Nashville/Brentwood/Franklin area, those would probably be a good start.  Thank you.