Underwrite STR Properties with STR Insights

Underwrite STR Properties with STR Insights

over 1 year agoScore: 75
Pricing & Profitability
Market Research
Profitability
Revenue Management
Investors
ADR

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: medium
    Impact: medium
  • Evaluate properties based on a range of potential revenue, rather than a single number, to account for different scenarios.
    Effort: medium
    Impact: medium

Tools & Resources

  • Revenue Management training: Watch our free Revenue Management training at https://www.getpaidforyourpad.com/cfm-replay
  • 5 Most Common Airbnb Revenue Management Mistakes: FREE E-Book: 5 Most Common Airbnb Revenue Management Mistakes

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