All Forum Posts by: Michelle Gomez

I work with clients who do STR arbitrage in West Palm Beach and the key for you will be projecting revenues in your market. To do this, start analyzing as many deals as you can, checking them on airDNA, and looking at the listings to get an idea of how booked up they are.

One thing to keep in mind is that with STR arbitrage you definitely want to sign multi-year leases. You will likely have to invest money into the property at the beginning so make sure the owner is willing to commit to a longer time period to make that investment worthwhile. Good luck and feel free to reach out with any questions.

Thank you! Will be reaching out!

0 Votes

Miami, Florida

Quote from @Andrew Bosco:

Hey there, Check on FB for local STR meetups. Start underwriting 2-3 deals a day. Use AIRDNA to figure out comps for your area. Check AIRBNB/VRBO for rates as well to see compared values. I would say networking right now is your best bet. Building your knowledge in parallel is just as good too.

Thanks for your advice!

0 Votes

Miami, Florida

Hello, I've decided to start my STR business in South Florida (Miami and Fort Lauderdale) as I'm currently in the research phase. I'm looking to do arbitrage where I can rent a single-family home from the owner and scale from there. I have property management experience in the past along with hospitality and I am very interested in networking and trying to figure this all out.

I have a few questions:

I've already created my LLC and wanted to see where I can network to gain more insight on how to scale down here.

Is it too saturated to find a property to do single-family home STR here? I have mashvisor to help me with research but it seems like its been difficult to find a property that would profit...

Book recommendations for STR?

Any other tips you can suggest when starting out?

0 Votes

Miami, Florida

All Forum Posts by: Michelle Gomez

Michelle Gomez has started 1 posts and replied 3 times.

Post: STR in miami for airbnb

Post: STR in miami for airbnb

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