All Forum Posts by: Sara Levy-Lambert

Comparing the two using this market data tool it looks like the following:

Indio vs Palm Springs Airbnb Market Data
ROI: 10% vs 6%
Revenue: $49K vs 56K
Avg Airbnb Price: $621K vs %1.2M
ADR: $418 vs $422
Occupancy: 54% vs 68%

So it looks like Indio is more affordable and higher ROI, with lower competition. The only drawback is that occupancy is lower overall, but that's really property dependent.

Sources
Palm Springs, CA Airbnb Data
Indio, Airbnb Data

Here's some info on the Airbnb market in Kissimmee from a result I found online

ROI +7%
Revenue $32k
Avg Airbnb price $482k
Market size Large
Number of Airbnbs 17,557
ADR $170
Occupancy 77%

A quick search of Columbus Airbnb Market Data brought up this page, looks like it has everything you might need to analyze the market.

ROI+5%
Revenue$14k
Avg Airbnb price$369k
Market sizeLarge
Number of Airbnbs2,445
ADR$112
Occupancy58%

Try googling Airbnb market data awning.
It's a new tool with occupancy, daily rates, seasonality, pricing and more by location

look up awning property management, they can help. If you want me to intro you to the team, dm  or email me

Keep avoiding buying AirDNA lol, google awning airbnb estimator - you can view the comps there, with airbnb links, and a history of seasonality in the property details, complete with daily rates

Table Rock Lake and Branson are both popular tourist destinations, so there is definitely demand for short-term rental properties in the area. 

Seasonality can also be a factor, with peak tourist season typically occurring during the summer months. However, there are still plenty of opportunities for short-term rentals during other times of the year, including holidays and special events.

It's great to hear that you're considering ways to generate extra income from your vacation cabin in the mountains. Your idea of sharing the cabin with other families on a long-term lease basis is definitely an option worth considering.

One of the main benefits of this approach is that it allows you to generate rental income without the hassle of managing the property on a short-term basis. Since each family will be responsible for cleaning after their stay, you won't have to worry about managing cleaning and maintenance for each individual guest. Additionally, this arrangement allows you to maintain access to the cabin for your own personal use.

However, before moving forward with this idea, it's important to consider a few potential issues. For example, you'll want to make sure that the families you're renting to are trustworthy and reliable. You may also need to develop a system for managing scheduling and resolving conflicts if two or more families want to use the cabin during the same time period.

In terms of the potential impact of county restrictions on Airbnb, it's difficult to say for certain how these regulations may impact your specific situation. However, since you're not operating the cabin as a short-term rental through a platform like Airbnb, it's possible that any restrictions on short-term rentals may not apply to your arrangement.

It's great to see that you're using a rental property analyzer to assess potential deals and determine what kind of return on investment you can expect. Your question about cash flow is a common one, and it can be tough to find deals that meet your criteria in today's market.

Based on the parameters you've provided, it's true that finding a single-family property that cash flows with a purchase price of more than $150K and a monthly rent of $2,400 may be difficult. However, it's important to keep in mind that the numbers you've inputted are just estimates and may not reflect the reality of the market. It's also possible that the rental market in your area may not support the rent you're looking to charge.

One option to consider is expanding your search to include multi-family properties. As you mentioned, these types of properties often provide a higher cash flow than single-family properties. Additionally, you may want to consider adjusting your parameters to find a deal that works for you. For example, you may be able to find a property with a slightly lower purchase price or a higher rental rate to achieve a positive cash flow.

Congratulations on taking the first steps towards achieving your goal of buying your first property and becoming financially free! It's great to see that you have a solid plan in place and are working towards your goal with focus and determination.

Your plan to search for properties in specific counties in New Jersey and speak to a housing counselor for down-payment assistance programs is a good start. It's also wise to compare loan officers and get pre-approved for a mortgage before making an offer on a property. Finding an experienced real estate agent who can help you find good deals is also a great idea, as they can provide valuable insights and advice throughout the buying process.

Your strategy for analyzing real estate markets through AirDNA and estimating the potential success of short-term rentals in the area is a smart move. Google the awning airbnb estimator for a free tool that lets you see all the nearby Airbnb's. Comparing the results with long-term rental prices will give you a good idea of which option is more profitable for each property.

Offering no more than market value and aiming to make at least one offer every four months is a good goal to have. It's important to keep analyzing potential deals and not rush into making an offer if it doesn't meet your criteria.

Overall, it's great to see that you are taking a proactive approach to achieving your financial goals. Keep up the hard work and stay focused on your plan. I wish you the best of luck in your real estate journey!