All Forum Posts by: Sara Levy-Lambert

It sounds like you're in a difficult situation, as your high debt-to-income (DTI) ratio is making it difficult to qualify for conventional financing for your property in Vermont. In this situation, it may be helpful to explore alternative financing options, such as a loan from a private lender or a portfolio loan from a local bank or credit union.

To calculate the average daily rate (ADR) for a property with multiple units, you would first need to determine the total revenue generated from the property over a given period of time. This would include all rental income from the units, as well as any additional income sources such as parking or laundry fees.

Once you have the total revenue, you would then divide that number by the total number of rental days for the units during the same period of time. This will give you the ADR for the property.

To calculate the occupancy rate for the property, you would first need to determine the total number of rental days for the units over a given period of time. You can then divide the total number of rental days by the total number of potential rental days for the units during the same period of time. This will give you the occupancy rate for the property as a percentage.

It's important to note that the ADR and occupancy rate for a property can fluctuate over time and may not be the same for every period of time you evaluate. It's also worth mentioning that these calculations are based on the gross revenue and rental days for the units, and do not take into account any expenses associated with managing and maintaining the property. You may want to consider these expenses and how they will impact the property's profitability before making a decision to purchase.

google awning airbnb estimator to get some of these figures for your address

It sounds like you're considering purchasing a four-unit property in a desirable area for a total purchase price of $300,000. Based on the information you provided, the gross income from the property should be around $36,000 per year, and the property's taxes and insurance will cost a total of $11,400 per year.

One thing to consider when evaluating the potential profitability of a property like this is the expenses associated with managing and maintaining the property. These can include things like repairs and maintenance, utilities, and any other costs associated with keeping the property in good condition. You may want to consider these expenses and how they will impact the property's profitability before making a decision.

Another important factor to consider is the potential return on investment (ROI) for the property. To calculate the ROI, you would divide the property's net income (gross income minus expenses) by the total amount of money you have invested in the property (purchase price plus any renovation costs). This will give you a percentage that indicates the property's potential return on your investment.

It's also worth mentioning that the gross income and expenses you provided are just estimates, and the actual numbers may be different once you own the property. It's important to do your own due diligence and carefully evaluate the property's potential profitability before making a decision to purchase.

google awning airbnb estimator and see what the projections are there as well, as well as nearby properties

 In this situation, it may be helpful to explore alternative financing options, such as a portfolio loan from a local bank or credit union, or a loan from a private lender.

Dude don't cut your PM company, just swap it out, DM me, I can get you in at 15% for property management.

Look up Awning, they have an Airbnb Estimator and an investor focused STR brokerage that's highly rated in NC.

Lookup Awning Airbnb Estimator, you'll be able to compare to nearby listings and see if you have a chance of standing out.

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Look at Awning Airbnb Management - they have a brokerage that can help you buy and sell, experienced investor-focused agents in multiple states and they offer property management.

Look up Awning Airbnb Airbnb Estimator it's a completely free estimate tool and gives you comps of nearby listings as well.