Underwrite STR Properties with STR Insights
Summary
This article discusses how to analyze short-term rental properties and determine their potential revenue, emphasizing the importance of understanding market drivers and considering a range of potential revenues. Hosts should focus on evaluating properties in the right markets and consistently analyze deals to find profitable investments.
Key Insights
- •Kenny Bedwell recommends evaluating properties based on a range of potential revenue, rather than a single number, to account for different scenarios.
- •The article suggests that hosts should look in the right markets, evaluate enough properties, and have a consistent deal flow to find profitable short-term rental deals.
Action Items
- ✓Hosts should understand the market revenue drivers and study the data to identify the key factors that drive revenue in a specific market.Effort: mediumImpact: medium
- ✓Evaluate properties based on a range of potential revenue, rather than a single number, to account for different scenarios.Effort: mediumImpact: medium
Tools & Resources
- →5 Most Common Airbnb Revenue Management Mistakes: FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes
- →Revenue Management training: Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay(getpaidforyourpad.com/cfm-replay)
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Curated by Learn STR by GoStudioM