Finding Big Deals

Build Short Term Rental WealthNov 30, 20230m 58s89 viewsScore 65
Pricing & Profitability
intermediate
STR revenue
market analysis
gross revenue
deal evaluation
rental income
M

Summary

AI-generated

This video explains how to define a 'big deal' in short-term rentals by analyzing market-specific gross revenue. Hosts will learn to research their local market to identify properties in the top 10% of revenue generators, which are considered 'big deals'. This insight helps in setting realistic financial goals and understanding market potential.

Key insights

  • In Western North Carolina, properties generating over $150,000 in gross revenue are considered 'big deals,' placing them in roughly the top 10% of market performers.

Tools & resources

  • STRonomicsplatform

    STRonomics.com is a resource mentioned for learning more about short-term rental economics and strategies.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial