All Forum Posts by: Sirju Patel

@Luke Carl, thanks! had no idea about the enemy method, that was super informative.

@John Underwood, yep I have a spreadsheet with all the expenses that I could come up with, i've also gotten 3 property managers to send me projected revenue. Good call on the STR insurance, im waiting for a quote to add to my spreadsheet

@Michael Baum 

5 bd, 4 bath, around 3000 sq ft, 25 min walk or 1.3 miles from the beach, multiple beaches in the area to go to, very easy to get to (no gates or anything required), planning to add a pool and/or hot tub, seems to differentiate from other rentals

As mentioned I have looked at projected revenues from property managers and compared to places on airbnb, its imperfect but I have a general average of revenue rates and occupancy, seems like most summer months are booked, winter has a few bookings, more seems like with COVID going on

Have 800 a month as placeholder for utilities which seems to cover most items

It isn't furnished, but I have a list of what I would likely have to purchase and plan would be to drive it all up in a uhaul or some sort.

Everything seems pretty good, although the cash on cash return is 6% at the low end of rental bookings and 12% at the high end
Any idea how long the reviews take before ramp up?  Doesn't a property manager/their website help with that also?

Hi!  Looking for a veteran to help and make sure I’m not missing anything on a potential deal, new to short term rentals.  Property is near the beach.  

Low 600s, estimated 75k-85k in revenue, 63k in mortgage + expenses.  Including higher property tax, flood insurance, property management fees, higher utility budget, and more.

my family could use it in off months and I believe will appreciate very well.


 Would like to get any advice for things to look out for or if a bad deal.  Thanks in advance!