All Forum Posts by: Michael Otoole

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@Brandon Roof thank you! A few clarifications - hoa includes all exterior and building has brand new roof and inspector says it is in really good shape. I always pass on my cleaning fees through air BNB to renter so I have never had to actually pay for cleaning. As for property mgmt fees - I just used when I use for my other air bnbs and that is what was taken out of the revenue. Also - air dna says this property can pull in $25 to $30k vs $18k that I pulled in last year ($18k is net air BNB fees). Even though it is a negative cash flow - if you look at the appreciation value which is conservatively estimated at 4% - actual appreciation value for a studio in Ptown is 11% over last 10 years - so there is a positive return on year 5 and year 10 our outperforming stock market when I sell the unit in year 5 or year 10. Or at least I think that is how you read the NpV table?

I would love any feedback! This investment is partly just for my satisfaction and quality of life.  I don't expect to make money on it but I was hoping not to lose money in the long run and possibly make some return if/when I sell in 5 years.

https://www.airbnb.com/rooms/18482295?s=67&shared_item_type=1&virality_entry_point=1&sharer_id=44204369

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I would love any advice people have on this property.

Anyone know the Savannah makes well? Looking to invest about $250k for short term rental(s) and need to find some people that know the market

Rentometer is excellent but only seems to work for estimating long term rentals vs estimating short term rental income through Air Bnb / VRBO

I use Beyond Pricing for Air Bnb but that is a service that helps me maximize price once I have purchased the property. 

I am looking for a service that looks at actual rental income by address for Air Bnb or vrbo properties.