All Forum Posts by: Sara Levy-Lambert

Try looking up the properties on the awning airbnb estimator, you can see a comparison and dig into some nearby Airbnb's to understand rates and vacancy

FYI Awning rates start at 15% of revenue for full-service management

google awning real estate and press top deals, there you can select between vacation rental and traditional rental. The traditional rental portion of the site analyses all of the deals on the MLS with rent numbers.

1. The 1% rule is a good starting point, but don't let it limit your investment potential. It's important to consider all the value-add opportunities and potential for appreciation in a high-tourist area.
2. Don't just look at the current asking price, analyze the potential rent roll after making necessary upgrades and adding value.
3. As a real estate investor, it's crucial to consider all costs, including utilities. If charging an extra $100 per month per tenant for utilities is acceptable in the market, then it could potentially increase your bottom line.
4. While the 8-month market time might make you hesitant, consider the possibility that the property might not be priced correctly and may have room for negotiation. Always do your due diligence to make informed decisions.
5. Converting a unit into a short-term rental could significantly increase your rent roll and provide additional revenue streams. Remember to consider all regulations and requirements for operating an STR. Google the awning airbnb estimator for an understanding of the potential revenue and to see comparable properties nearby to gather some intel on the occupancy, rates, and amenities and general furnishing of those homes.

You might want to google the awning airbnb estimator for a free full-feature tool. If you go to the home page and select Top Deals, you'll also find all the properties on the MLS complete with vacation rental and long-term rental analysis, so you can see what the hottest deals are. If you don't already have an agent, DM me and I can connect you with someone amazing in texas.

At Awning we manage multiple Airbnb properties near major sports venues.

Our properties near major sports venues consistently perform well during these events, as they provide an ideal location for attendees who want to be close to the action. We see a significant increase in bookings and revenue during these times, and we often have to turn away guests due to lack of availability.

One key to success in this type of rental is to ensure that your property is well-maintained, clean and equipped with all the necessary amenities. We also make sure to have a clear and detailed listing that highlights the property's location and proximity to the venue. This helps attract guests who are looking for a place that is close to the event, and makes it easier for them to plan their trip.

In addition to major sports events, we also see high demand for properties near concert venues and other major events. These events attract a wide range of visitors, and our properties are in high demand due to their location and amenities.

Look up the Awning Airbnb estimator and browse around the comparable properties, you can click into their Airbnb listing and see how much they are charging and how booked they are.

 Look up awning airbnb estimator and compare your outputs. You can also take a deep dive of competing properties including their rates and seasonality for a more complete analysis.

@Brian Kragerud Happy that you already have a realtor, feel free to DM me for a deep dive on a property with our team of analysts. They would be happy to review the estimates and do a deeper dive with you on the nearby comps and any value add you can do in the area.

I can attest to the fact that short-term rentals (STRs) can be a great way to generate income, but it's important for new investors to be aware of the potential risks involved. One of the major risks is the ever-changing regulations and laws surrounding short-term rentals. It's crucial to stay informed and comply with all local laws and regulations to avoid fines or penalties.

Another risk to consider is the amount of time and effort required to manage the property. As an owner, you are responsible for everything from cleaning and maintenance to bookings and guest communication. It's important to be prepared for the commitment and to have a plan in place for managing the property. We end up with many hosts that thought they could do it, only to hand over management to regain peace of mind.

Vacancy rates are also a risk to consider. Even in high-demand markets, there will be times when the property is not booked. It's important to have a plan in place to cover these periods, such as setting aside a portion of the income for savings or having a backup plan for long-term rental.

It's important to be aware of the potential for damage to the property. Guests can be unpredictable and accidents do happen, so it's important to have a plan in place for handling any damages and to have proper insurance coverage.

I believe that guests visiting the area would have a great interest in a unique farm stay experience like the one you're offering. The fact that you're located close to major highways and popular attractions, such as springs and rivers, makes your farm an ideal destination for nature lovers and those looking for a unique vacation experience.

When it comes to positioning your farm stay in the market, I recommend emphasizing the unique aspects of your farm and the activities available for guests, such as farm tours and proximity to nature. This will help distinguish your farm stay from other rentals that are located closer to the heart of the attractions.

As for financing, a home equity loan or line of credit can be a great option for financing the construction of the cabins on your farm, as it allows you to leverage the equity in your property. It's also worth exploring other options such as business loans or crowdfunding, depending on your personal financial situation and the amount of funding you need.

When it comes to cabin manufacturers, there are many options available, ranging from small, local builders to large, national companies. I recommend doing your research, getting quotes from multiple manufacturers, and considering factors such as cost, quality, and lead time.

Best of luck and happy investing!