All Forum Posts by: Trent Reeve

i dont use 1 tool, ever. also i dont only get 1 estimate when buying something. I also use Rabbu, Awning, and enemy method to evaluate. also if you didnt know, AirDNA also includes cleaning fees into "revenue" projection, so keep that in mind.

1 Vote

Orlando, Florida

in a beach town in Florida and we are slow. I saved the money during the busy season to carry me over the slow season.

1 Vote

Quote from @JD Martin:

Quote from @Trent Reeve:

Panama City beach pretty slow. Just got a booking for Thanksgiving, but otherwise Nov, Dec and Jan are empty.

Thanks Trent. I know Panama City is on the cold side, relatively speaking, in the winter for Florida - how does your calendar compare to previous years?

just finishing 1st year

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what is the average visitor composition, if you know. is is families where you need at least 3 bedrooms? do 2 bedrooms do well? i only know the beach market in Florida.

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Branson, Missouri

Quote from @Lisa Lister:

Quote from @Brian G.:

@Lisa Lister what annual gross revenue to purchase price ratio can be expected there?

Your rate of return obviously depends on financing options and whether you are looking to self manage or not. However I can give you a good example of one of my own 3 bedroom short-term rental properties. Today’s market value on that unit is around $240,000, and our gross income is around $30,000 per year. There are great opportunities to own 9 or 10 bedroom lakefront or Lakeview lodges in Branson too, these range between $1.2 million and $1.5 million and gross anywhere from $150,000-$200,000 in gross income per year. If there is a specific price point you would like to be at and want to share specific details with me, I would be more than happy to run a proforma for you what you want to take your research.

its a big difference to be looking at a $240k house and a $1.5mil house as an entering price point.

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Branson, Missouri

help me understand better. for "year round appeal", what drives people to visit there during the cold months? I understand the lakes, boats, amusement park, but not the attractiveness when its cold. also, what is the price point coming into that market?

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Branson, Missouri

Panama City beach pretty slow. Just got a booking for Thanksgiving, but otherwise Nov, Dec and Jan are empty.

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1. DSCR loans are almost specifically for STR (and LTR) it is based on the revenue a property can make vs your DTR, but usually have a higher interest rate. but the loan product you should choose is the one that fits you the best, with the best options. maybe its a DSCR, maybe a 2nd home loan, maybe something else.

2. if you are going to STR rent it, you will need more than normal homeowners insurance. insurers know what STR's are now, so you can say how you are using the property and let them find the policy that works.

3. putting the title in the LLC will protect you for liability, but thats about it from a basic standpoint. if something happens at the property and you are sued, the cant go after your personal accounts and assets, only what is in the LLC.

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Quote from @Matthew Tregoning:

2. Seasonality Matters: Florida's vacation rental market is deeply influenced by seasonality. The winter months, when many visitors from colder states flock to Florida, tend to see peak demand and higher rental rates. On the flip side, summer offers a different kind of appeal, especially for families on school breaks. Understanding these seasonal trends is crucial for optimizing your rental income.

cannot agree. there is an off-season in Florida. maybe certain areas, but especially along the panhandle, you see rock bottom rates or some people even close their property for the winter. i have not seen the "peak demand and high rental rates". most in my area have very empty calendars right now

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Orlando, Florida

Quote from @John Underwood:

I have a vacation rental.

I am about 95% Vrbo and 2% Airbnb.

I get a few direct bookings from past guests.

im about the same. ive had 2 ABB bookings over the past 4 months, something like 16 VRBO bookings.

1 Vote

All Forum Posts by: Trent Reeve

Trent Reeve has started 26 posts and replied 509 times.

Post: How accurate is AirDNA for STR revenue projection?

Post: Managing the slow period

Post: Now that fall is arriving, how are bookings looking in your market?

Post: Branson, Missouri: A Booming STR Market

Post: Branson, Missouri: A Booming STR Market

Post: Branson, Missouri: A Booming STR Market

Post: Now that fall is arriving, how are bookings looking in your market?

Post: Looking for STR Advice!!

Post: Unlocking the Sunshine State: Exploring Short-Term Rental Markets in Florida

Post: What is typical % of bookings from Vrbo vs Airbnb?