How to Choose the Perfect Market for Your Airbnb Business | Beginner's Guide
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- Опубліковано 20 жов 2024
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Your videos have helped me prepare to buy a STR. Hoping to buy in the smokies in the next few months!! Now if the prices could stop going up for a minute that would be great! Until I buy one at least.
Good luck!
Great video! #1 is definitely important. My wife and I just bought a house in Big Bear to do STR and found out after closing about the policies. Luckily I manage apartment buildings in Los Angeles so it was easy for me to get through the red tape since that’s what I’m use to. I just listed after the last week after the city approval and am already almost booked for every weekend until the end of January. Great market there!!
Nevin we've been looking in that area as well, have you found that area more desirable for STR than Lake Arrowhead, Running Springs or Crestline?
How’s Big Bear going for you? I don’t have that experience of the red tape you have so I shied away from big bear last year.
Second video I've watched on your channel and you're hitting it out of the park! I've been watching some other short-term rental gurus and you guys have the best info thank you
Wow, thank you so much for the kind words! We’re so excited to have you as part of the community👍🏿
Great video. Your clarity is why I share your videos with others.
So glad I found your channel :) Very informative and you guys are pretty darn likeable! New subscriber here for sure. Hoping to meld my experience with my travel channel into some short term rental opportunities!
You guys' videos are really helpful!
Additional thoughts on the Policy part: The analogy of the casino might not be exactly accurate: please remember that for Airbnb, there is still the old feud of hotels. If the policy for Airbnb is extremely strict in a district, it does not necessarily mean that remaining Airbnbs that survived the regulations will get twice or three times of nightly rates: guests will do the maths and will choose hotels in these areas instead of Airbnbs.
Great video guys❤️👏🏾
Thank you guys for another great video. Ill download the spreadsheet!! Thank you!!
You guys are such an inspiration!!!!
So incredibly sweet of you!!
Another great vide with excellent information. I’m getting started and became a Pro member on Bigger Pockets. Hoping to learn from some people like you! Thanks, 😀
You guys re amazing. Thank you for such valuable content on all of your videos.
You guys have such great content! I have truly enjoyed watching your channel grow from day 1 🤜🤛💯 You are on point about buying a property where you could actually see yourself living or wanting to visit. I found a so so property at an amazing price but in an awful town, so at the end of the day right price, wrong location. On to the next prospect 😁 Keep up the good work! You're helping more people than you know 😉 #TheRealEstateRobinsonsRock!
Love your video guys!
Love you guys! Thank you for providing such great information. :)
Thank you so much for watching and supporting!
Thank you both so much for your info! Love the videos.
Thank you for creating such informative and entertaining content! You guys are awesome! I keep learning more each time to prepare for my first STR someday 🙌🏻
Thanks so much!
Great video! Thanks for sharing!
Thanks so much for watching and supporting!
Thank you for pointing out Nebraska...I'm from Omaha but it's very hard to find a popular destination in Nebraska. I am currently looking out of state at either Hermann, MO or Galena, IL for a short term rental property.
What tools should I use to find the number of travelers and amount of rentals in a market?
Do you guys recommend a realtor in yucca /Joshua tree area that really knows Airbnb I’m looking to buy my first Airbnb
Work nice hard to and be people. Can’t unsee it lol
Thank you for putting together such great videos! I’m an analyst in my W2 job and never met an Excel spreadsheet I didn’t love. Do you guys have one for analyzing and comparing markets? I’m thinking of making one but am also down to leverage your knowledge if you’ve already created one! 😉 Congratulations on all your success! I find you so inspiring! 👍🏽👍🏽
Thank you for watching and supporting! We do not have an excel file for market comparison, but it’s a great idea!
Greetings, did you end up making a comparison spreadsheet? I’m a beginner at Airbnb, and your idea is a great one
@@danielacker3615 I did, it’s not in great shape but I can share it with you. I’m a Mac user so it is in iOS Numbers but I think you can convert to Excel. Do you want me to email it to you?
@@danielacker3615 or we’re you asking Tony and Sara? 😩
How do you find how many active listings are in an area? Thanks!
I was just looking at properties in Joshua tree and I thought it looks like a desert lol. I’m from NY so I don’t know the market. I am interested in the Orlando market. Popular, STR policies in place, and a place I would love to go to often.
Do you all teach classes?
Would you guys say this is still accurate information? Also what do you all do to find out this information for the markets just google?
How do you search for areas with STR friendly policies?
Do you edit your own videos? Would love to know what software you use!
Amazing. I love love the formula/method to determine if a city is viable for short term rentals. Great video.
Glad you liked it!
I've been trying to buy a STR property in Northern WI - they have fairly strict policies which is generally beneficial. However, the biggest hangup is that they require a local PM company within 25 miles of the property. Therefore PMs local to the area charge high rates, which has made finding any property that will cashflow really difficult.
What are the requirements for the PM? Does it have to be a company that’s registered with the city? If not, can your cleaner be listed as your PM?
@@TheRealEstateRobinsons Drat I made a long reply - but youtube seems to have lost it. So basically the requirements vary by county, but it's someone who is either a licensed broker or someone who is local and has 1 million in liability insurance on their company. Cleaners potentially could be listed as PM in that case.
What is a PM?
@@leni1824 Property Management
I started looking at Gatlinburg/PF, but there's literally like 3 cabins in my price range that are active right now. Going to have to start looking for a new market at this rate. Do you have any good sources for tourism numbers?
We typically invest near national parks, and the national parks service publishes visitation numbers!
Whats your experience getting airbnb permit in joshua tree/twentynine palms/yucca valley? Is it difficult?
We don’t invest in 29 or Yucca, only JT. And each city has its own process for permitting. It’s pretty straightforward in JT, but I can’t speak for Yucca or 29.
What tools or methods did you use to find the statistics you mentioned?
For example, how did you determine the number of active listings in an area, or the yearly average income of them?
That's my question as well. Everything on the video is very useful, but this part is not explicated. How do you understand net total vacation visits to any one area. I guess you can use AirDNA for net listings and average yearly income.
AirDNA, Mashvisor, and Pricelabs will give you that information. Visitors to an area like a national park is usually reported by the government each year.
@@billsmithmole thanks
B
Skip this video if your outside of US (like if you're in Europe like I am)
I like the way he talks, but I found her pretty annoying.