All Forum Posts by: Pearce Trenary

@Joey Morea I really can't thank you enough for the help. Helps me out a lot as this data is not telling the whole story. Would love to connect in Orlando at some point. 

@Joey Morea thank you for the reply! Apollo surprised me as well but the data on AirDNA shows it to be promising. However, after talking with many people like yourself it seems that maybe this data is skewed. I am making a pivot and looking in Broken Bow OK, the Smokies, Maggie Valley NC, and OBX as that also looks very promising on paper. Even looking at places like Melbourne beach however I have had a hard time finding somewhere in Florida that has data as strong as places like broken bow and the smokies.

As far as Orlando I would love to have a place there to rent out however I heard stricter policies were coming in for STR and on AIRDNA it does not look as promising as many other places. Has your experience been otherwise?

@Glenna Wood So most of the location I have found is based upon AirDNA data at it seems that it is a growing area with a lot of potential. However, I am learning that may not be the best option. I thought Orlando would be good as well however the data from AirDNA shows that it is not super promising. There is much competition in the area and it seems that it has become a price battle. 

Currently, the main locations I am looking at are Broken Bow OK, Outer Banks, NC, the Smokies, and anywhere in Florida. The main cash cows on paper is OBX, Smokies, and Broken Bow. 

@Glenna Wood That surprises me, when I look at AirDNA that data seems to favor OBX greatly with a great booking rate and price. My forecasted profit is the highest in OBX however I know there is the input I am missing that I could only get by talking to someone that is there. Do you think AirDNA is over estimating?

I have been looking all through Florida, broken bow, and the smokies (great but seems like everyone is going there). 

I can't thank everyone for all the help, this is really awesome. Learning a ton and cant wait to get started

@Andrew Simms I actually have never heard of Apollo Beach either however it came up on Airdna and the data I pulled looked pretty good. 

It is hard as my mentor thinks I should be able to do North Carolina fairly simple with his automation and the cash flow looks by far the best (11 hour drive away and no close airport). But I am with you that for the first rental probably less cash flow and 3 hours away would prove to be better. 

Thank you @Ken Boone and @John Underwood for the help there!

Right now I am at the beginning journey of acquiring my first short-term rental. I have done much research and found a handful of locations. I am between Outer Banks, NC., and Apollo Beach, FL. Outer Banks shows 18% better cash flow month over month and shows better long-term potential however it is very far away from me and difficult to get to. Apollo Beach would be within 3 hours of my home base (soon to be Orlando) but cash flow is not as promising.

Is it better to have a location that is within 1-5 hours of your home base so you can get there if needed? Or is it better to go with the property with the best cash flow and future potential?