How to analyze a Short-Term Rental investment property (Deal Analysis)

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  • Опубликовано: 22 апр 2021
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Комментарии • 430

  • @KaeBae_
    @KaeBae_ 3 года назад +49

    You don't always need a comical intro to your videos. Personally, I find that I pay more attention to informative videos that cut straight to the chase within the first 30 seconds. There's no doubt that your personality is entertaining and captivating. I just don't want you to fall into that mindset that you need to be funny to grab people's attention. You have 84+ thousand people's attention. Now keep it! Love the vid, per usual!😊❤️

  • @taviaredburn8565
    @taviaredburn8565 3 года назад +2

    I love seeing your thought process analyzing properties, would love more like this!! Thank you!!

  • @JeffLifeInReview
    @JeffLifeInReview 2 года назад +6

    I like the idea of specifically choosing your Air BNB location to match interesting areas. This will help bring traffic for your property on vacation searches where people are more willing to try it out and have a reason to be in the area.

  • @theaggrodude
    @theaggrodude 3 года назад +4

    I have watched every one of your videos and this is by far my favorite. Keeping rocking it Rob!

  • @jasongarmon2595
    @jasongarmon2595 2 года назад +32

    You're information is amazing. And easy to listen to and absorb. This is priceless. I think I'm on my 9th video this morning, and have zero reservations of getting into this like we have been brainstorming about. You literally make it so easy and cover every detail. Subscribed and notifications ON! 🏡

  • @DaabigO
    @DaabigO 3 года назад +3

    You just sent me into a tailspin! I was getting ready to do a 1031 with my long term Austin rental property that has three unique rentals on it to my first Airbnb in Houston. I had both realtors ready for the exchange, as well as the exchange company. Then, it hit me! I already have the perfect situation!! After my tenants move out, except one, I'm going to start my first Airbnb right in Austin! The tenant remaining has agreed to stay on site and manage them for me because I live in Houston. Your video on using someone's else's property gave me the idea. I'll use MY property!!!!!! I'm waiting for the county to call me back to see if I can legally do it. Fingers crossed!! Thank you!!!

  • @ehinckley
    @ehinckley 2 года назад +20

    This was helpful. But as I own a 3/2 with about that much space and land, $1500 a month when you have a mortgage of $1100 is off the mark for expenses. If you are providing any kind of cable and wifi that's $100 to 150 and you need at least wifi. If the house is going to make as you want to make it will need to rent almost every night which brings more utility use and wear and tear. Electric, water and propane combined could easily be $400 or more on a hot/cold month. Then you have insurance costs which are going to at least be $250 for fire, property, damage if you have short-term guests. Then property taxes. Then supplies for the house which can be $50 to $100 a month. With a mortgage, you are looking at $2000 to $2500 or more a month in expenses on high months when insurance and property taxes are due.

    • @jeanpaul6545
      @jeanpaul6545 2 года назад

      how many properties do you own

  • @lindangorealtor
    @lindangorealtor 2 года назад

    Amazing video!!! Thank you so much for breaking all of this down. Definitely bookmarking this video for future use.

  • @jakehirst9868
    @jakehirst9868 3 года назад +9

    Dang this is such a good video for people looking to get into the air bnb business. Props Rob!

  • @danielashman1753
    @danielashman1753 2 года назад

    Super helpful seeing the specifics of how look at the numbers, use AirDNA, and the specifics of how you analyze the comps on AirBnB. Thank you!

  • @marshallbw72
    @marshallbw72 Год назад

    Thanks for doing this breakdown Rob! Loved the detailed breakdown and this was very helpful!!

  • @tiaanmoggee6786
    @tiaanmoggee6786 3 года назад

    VERY helpful video Rob! Thank you! I'm using your airbnb link now to start my daily rentals venture...

  • @dunser21
    @dunser21 Год назад

    Love the new knowledge as always Rob, can’t wait to get my 1st property this fall and use everything I’ve learned from you. Also have my call for host camp next week!

  • @gneboardins4
    @gneboardins4 2 года назад

    Appreciate all the videos, especially this one as I”m looking at purchasing my first investment property to rent out.

  • @sharonlynn272
    @sharonlynn272 Год назад

    Great job, I REALLY like that you jumped right into the material, refreshing! Also you expressed some vulnerability about your journey, also very cool. I will def look forward to more videos.

  • @juliaisabella3000
    @juliaisabella3000 3 года назад +3

    Thanks, this video was very informative. I don't think you should worry about the videos being long when you are providing really essential information. In fact, 10 minutes is probably too short. Great video!!

  • @tyl3r0531
    @tyl3r0531 2 года назад +4

    Yo these edits have me dying! I don’t know how you have that much energy at 1am haha

  • @guydacosta8239
    @guydacosta8239 Год назад

    Great video. I learned so much stuff. Thank you, Bob. I've been following you since Bigger Pocket. love what you doing. keep doing what you're doing brother.

  • @jeromesurio2682
    @jeromesurio2682 2 года назад

    I admire you. I started saving to do the same thing as you do. And you inspire me even more.

  • @peterouimette3846
    @peterouimette3846 2 года назад

    This was incredibly useful! Thank you for the detailed walk through.

  • @tlshachar
    @tlshachar 2 года назад

    Yet another awesome and super helpful video! your tips are golden. Thanks a lot for putting the efforts and sharing your knowledge.

  • @joslynmeeker9322
    @joslynmeeker9322 2 года назад +4

    This video is fantastic. I would love to see comps using your existing Properties

  • @makakoloa211
    @makakoloa211 3 года назад +6

    Thank you for this! I’d love to see you analyze more properties ranging in different areas.

    • @the_om_project
      @the_om_project 2 года назад

      Same here. I’d love to do this too someday but it does feel scary to start. Love the vids.

  • @lisatom42
    @lisatom42 3 года назад +3

    Definitely not a long video! We love hearing more about your process. I’m considering booking a consultation now.

  • @maxrussell3759
    @maxrussell3759 3 года назад +17

    Your videos have inspired me to take advantage of my opportunities to start a short term rental, and RUclips Channel. Working on my first Airbnb video currently. Thank you sir!

    • @buildfixflip
      @buildfixflip 2 года назад

      Awesome! Good luck in your journey! We are in the same boat.

    • @jeanpaul6545
      @jeanpaul6545 2 года назад

      well how are things going... a whole year later :)

  • @josiejq
    @josiejq Год назад

    new subscriber here, this is the in depth, follow-along video i need in my life!!
    I've been wanting to turn my house into an Air Bnb for so long but was always afraid, and had what you call "analysis paralysis". I'm taking notes, researching, and going to take the plunge. THanks so much for your advice and love to see more in depth follow along videos like this in the future!!

  • @hectoracosta6093
    @hectoracosta6093 Год назад

    Thankyou Rob, we love your long videos 🙏

  • @darylhawkins1014
    @darylhawkins1014 3 года назад

    This was one of your best videos. Thanks!!!

  • @kerrybaird24
    @kerrybaird24 2 года назад

    Nicely done. It is great to see how another host comps properties.

  • @randys9541
    @randys9541 2 года назад

    I’ve been watching a lot of your videos lately. This was a great one!

  • @amayes1977
    @amayes1977 Год назад

    Thanks, Rob! This was both informative and entertaining!

  • @andrewmarsh6586
    @andrewmarsh6586 2 года назад

    Hey! Really appreciate the content of your video, this is helping me gather information and formulate a plan for my own short-term and long-term rental plans!! Thanks!

  • @brandotex
    @brandotex 3 года назад +4

    This is a great video Rob! Great analysis

    • @brandotex
      @brandotex 3 года назад

      And dont forgot the 10% down products, I am a newbie looking in that direction

  • @sunnyxu1215
    @sunnyxu1215 3 года назад +11

    Great video! Just remember to check the zoning regulation there.

  • @chobaray
    @chobaray 3 года назад +2

    THANK YOU ROB
    MAY GOD KEEP BLESSING YOU

  • @ventureted
    @ventureted 3 года назад +1

    Really great info Rob! Thank you!!!

  • @carrieannewillingham8061
    @carrieannewillingham8061 2 года назад

    Thank you sooooo very much. This is the content I’ve been looking for.

  • @lauralebron2554
    @lauralebron2554 Год назад

    Thanks! Lots of great info in this video. I really appreciate what you are doing.

  • @justme.11
    @justme.11 2 года назад +20

    I tried getting into real estate years ago and got scared on my first deal.
    I was overwhelmed by totally unnecessary information. On top of that, I had no mentors, partners, capital or support in any way.
    This video is eye-opening.
    I learned more from this video and your channel about how to find a deal than I did from a $12,000 e-course.

    • @fv457
      @fv457 2 года назад +1

      How did your investment property turn out? Hope it was still a success

    • @justme.11
      @justme.11 2 года назад +1

      @@fv457 Sorry, I didn't get notified for this.
      I got scared and ghosted the seller.
      Haven't tried again since.

    • @twincherry4958
      @twincherry4958 2 года назад

      @@justme.11 🤣🤣🤣

    • @Northstar2000
      @Northstar2000 4 месяца назад

      Have you tried nigeria 🤴 best highly efficient service 100% guaranteed rug pull. Fantastic customer dissatisfaction

  • @nolanpierce1794
    @nolanpierce1794 2 года назад

    Seriously helpful content. Thanks for putting this together!

  • @gathercreatelivewithleslie8340
    @gathercreatelivewithleslie8340 2 года назад +1

    Still making my way through your videos, but would love several videos on what you would change in a new property that you get, why and some decorating tips. I loved the Joshua tree property decor.

  • @lyndonmodomo734
    @lyndonmodomo734 2 года назад

    This is great information for a newbie like me. Thanks for doing what you do brother.

  • @lagflu
    @lagflu 2 года назад +1

    About to jump in the game, trying to make sure I don’t fall into analyzes paralysis. Thanks for the content!

  • @tinfoilhatofpepe
    @tinfoilhatofpepe 3 года назад

    Exactly what I needed man thank you so much

  • @chrislopez9156
    @chrislopez9156 Год назад

    Super helpful thanks Rob!

  • @Kitzus
    @Kitzus 3 года назад +4

    As a long term residential property investor this has definitely been an eye opener on short term rentals. Hope to add something like this to my portfolio in the near future

    • @jawwadsabir4620
      @jawwadsabir4620 8 месяцев назад

      its hard to scale with this. That's what I did and got back to long term. I have 59 units and counting and they are far easier to manage than the airbnbs I had. If you wanna scale: go long term, if you wanna do quick money, do airdna but you will eventually grow out of it.

  • @talialavor8411
    @talialavor8411 3 года назад +1

    I absolutely love this long video! In fact I'm probably going to watch it a second and maybe a third time :-)

  • @StefanoCreatini
    @StefanoCreatini 3 года назад

    Thanks for the valuable info, I signed up for Air DNA with your link!

  • @sarahmsuya1992
    @sarahmsuya1992 2 года назад

    Awesome video-thanks so much for sharing!

  • @mariominayag
    @mariominayag 2 года назад

    I absolutelly loved this! Subd and liked and will binge watch all of it :D

  • @TheSavvyCouple
    @TheSavvyCouple 2 года назад

    This is absolute GOLD dude. Thanks!

  • @DatGworl
    @DatGworl Год назад

    Thank GOD, yes let’s get straight to business!!

  • @ModernJewelryMakers
    @ModernJewelryMakers 3 года назад

    Wow - this was so helpful- I love this channel!!

  • @braydenwhite5547
    @braydenwhite5547 2 года назад

    Thank you so much for you videos. Your killing it. 🤙

  • @Catherineek
    @Catherineek Год назад

    This video was so helpful! I learned so much thank youuu

  • @VaronConsulting
    @VaronConsulting 3 года назад +10

    Thanks. Very helpful. Would you be willing to do one on how you review land for tiny homes / unique stays including choosing the location and land?

  • @matthiggins7223
    @matthiggins7223 2 года назад

    This was great! Thanks for breaking this down. 😃

  • @N8Burn
    @N8Burn 3 года назад

    Super informative. I’d be interested in more deep dive potential Airbnb videos like this. 👏🏼👏🏼👏🏼

  • @mariedickinson8670
    @mariedickinson8670 3 года назад

    Great video, that helped me tremendousl, I will move forward with much more confidence. Thank you 😊

  • @jimpiety
    @jimpiety 3 года назад +17

    Fantastic video Rob. Thank you for all of your awesome content. Are you still self-managing? Or do you factor in management costs (20%) into your expenses?

  • @HeatherTorresTV
    @HeatherTorresTV 3 года назад

    This video was soooo helpful! Thank you for this video.

    • @Robuilt
      @Robuilt  3 года назад

      Aw, thank ya Ms. Torres! Glad you found something I had to say useful :)

  • @juicyhd
    @juicyhd 2 года назад

    Hey Rob thanks for sharing man me and my gf are so hyped to start our adventures!

  • @kencampbell2996
    @kencampbell2996 2 года назад +1

    I've been looking in to this process for a long time, but have been hesitant to make a move. I think this info is the missing piece of the puzzle. Thanks!

  • @anthonys.621
    @anthonys.621 Год назад

    the AirDNA site was an absolutely killer recc. making me think hard on your class bro!!

  • @tgakascream9968
    @tgakascream9968 3 года назад

    Hey Rob, Just discovered the channel and love the content so far. Was looking around for some videos since I just put a contract in on my 1st AirBnB type property. Thanks, oh and ironically my sister and brother-in-law live in Front Royal right below Skyline Drive. Beautiful area for sure.

  • @judgemorris
    @judgemorris 3 года назад +1

    Appreciate the videos bro. Useful info. Hoping to get into Airbnb rentals one of these days.

  • @KirbyLarry
    @KirbyLarry Год назад

    Thank you so much for this.

  • @YELLzeyLauren
    @YELLzeyLauren 2 года назад +1

    great content Rob, thanks! I'm looking for my 2nd investment property / first AirBnB - definitely do not want to get stuck in analysis paralysis. Would love a video about the lending side of things; what to do to be sure to get approved for these multiple mortgages.

  • @user-mj6sl9qv8j
    @user-mj6sl9qv8j Год назад

    you are awesome - great info, super helpful - thanks mate 🙂

  • @lindseyrummel
    @lindseyrummel 2 года назад +1

    I absolutely am loving your channel. We are about to purchase our first airbnb and we have already learned so much from you! Do you have a money allocation structure or spreadsheet that you use? We sat down today and tried to apply percentages to each management expense and could really use some guidance! Thank you for sharing all of your experience and knowledge! 🤗

  • @AshleyDaneman
    @AshleyDaneman 2 года назад

    Thank you so much! I learned a ton from this!

  • @jeffnelson2936
    @jeffnelson2936 2 года назад +2

    Hey Rob, love the videos! I would love to see a video on how you navigate the local airbnb permit and restrictions in each area. Thanks!

  • @matheusmello8541
    @matheusmello8541 3 года назад

    Excellent videos, Rob. Thanks for sharing. Please keep it up. Shout out from Brazil.

  • @stiofanlful
    @stiofanlful 2 года назад

    Great info…. And presentation.. thx 👍

  • @rapedpigges
    @rapedpigges Год назад

    love your videos
    really valuable

  • @aeneid1
    @aeneid1 3 года назад

    Good stuff Rob.
    Thanx !

  • @marktbarr
    @marktbarr Год назад

    Really insightful. Thanks a lot.

  • @ayadi2671
    @ayadi2671 Год назад

    Brilliant video. Love it.

  • @jaredvincent1067
    @jaredvincent1067 2 года назад

    great video. Like the long format videos

  • @ark6704
    @ark6704 2 года назад

    Thanks for sharing this info. Really great

  • @niccolealdrich4890
    @niccolealdrich4890 3 года назад +1

    Great content! Saved for future reference 🙃

  • @ammar7566
    @ammar7566 Год назад

    I'm sorry for not subscribing to your channel before. I apologize for underestimating how useful your videos are. Thank you sir! 🙌🏽🙏🏽

  • @tonypham3836
    @tonypham3836 2 года назад

    Super informative and practical!

  • @bingo01bingo
    @bingo01bingo Год назад +1

    that airdna is for $99 a month! and there is now way all utilities/taxes/insurance/HOA will be just 400 a month. that is a significant under estimation

  • @s44577
    @s44577 3 года назад +2

    A very interesting nugget of information on that Turkey Trot property----Paul Laxalt was the prior owner. He was a former governor, then senator from Nevada. He and his wife Carol used that as a vacation getaway. It was owned by them (her/their estate?) until just last year. Enjoy and congrats on your find there!

  • @taylorw362
    @taylorw362 2 года назад

    This is awesome info! Thanks!

  • @trun222
    @trun222 2 года назад

    You post some fire content. Thanks for sharing.

  • @brandongrennan7602
    @brandongrennan7602 9 месяцев назад

    Such great content! I recently spoke with a savvy investor near me who ran a few quick numbers by me for how much she makes on owning 1 AirBNB. Amazing margins so I am all in on Short-Terms now!!

  • @AC-ny8ce
    @AC-ny8ce 2 года назад

    Thank you! Super helpful!

  • @jasonmcclune4717
    @jasonmcclune4717 3 года назад

    Thanks for all the info Rob. My wife and I are about to pull the trigger on our first property for short term rental. Your content is very helpful. We just spent a long weekend in the Shenandoah Valley near Charlottesville. There is a thriving wine/cider/beer/liquor tasting industry in the area. Huge draw for people with money. If you haven't bought in the area yet look into Rte 151 south of Rte 64. Mini bus tours are running every hour to multiple places. It was busy in March with standing room only with bad weather and Covid. Based on how their set ups were at the tasting places, they are prepared for big crowds. Good luck!

  • @christineboydstrongtower
    @christineboydstrongtower Год назад

    Your awesome…fun full of life and knowledgable‼️🎊☑️

  • @SensatiousHiatus
    @SensatiousHiatus 2 года назад

    Front Royal is an Appalachian Trail town as well. Many Appalachian Trail thru hikers (people attempting to hike the entire 2,200 mile-trail) will stop here to resupply and sometimes get a hotel/AirBnB for the night. I stayed there on my AT thru-hike in 2015.

  • @going2sleep
    @going2sleep 3 года назад

    Great video! I subbed because of this video.

  • @swwly
    @swwly 3 года назад

    Damn, wish I knew I could negotiate on an appraisal before refinancing my house this winter. Great channel, thanks Rob.

  • @nicholasmazdra3157
    @nicholasmazdra3157 2 года назад

    Great video man. You earned a sub

  • @erichoward8249
    @erichoward8249 2 года назад +17

    Great vid and want to highlight the importance of using airbnb to individually look at comparable homes to the one you're researching. Sometimes AirDNA lists calculates ones that aren't comparable (negatively or positively) which greatly skews data and provides an inaccurate estimate. This is even more likely to happen if the number of hosts in the area is low to begin with. Just a friendly tip from something I learned while using AirDNA :)

    • @trevorrisley5419
      @trevorrisley5419 2 года назад

      What do you mean by AirDNA?

    • @HJorgin55
      @HJorgin55 2 года назад

      So would you say using Air DNA isn't really worth it if its actually more accurate to simply calculate your own comps etc manually? Thinking of subscribing before making a first property purchase

    • @ryanbeck7166
      @ryanbeck7166 2 года назад

      @@HJorgin55If you're going to spend tens of thousands of dollars to get into a property, spending $100 on analytics to help you better analyze a market, is definitely worth it.

    • @ryanbeck7166
      @ryanbeck7166 2 года назад

      @@HJorgin55 There is also Mashvisor and Pricelabs. Not sure which one is better, but I've seen a few other big STR owners using Pricelabs.

    • @ryanbeck7166
      @ryanbeck7166 2 года назад

      Do you have any experience with Mashvisor or Pricelabs? Getting ready to start looking soon, and would like to use the best data source.

  • @MatthewWright001
    @MatthewWright001 3 года назад

    This vid rocks. Thank you!!!

  • @jeremyferguson9292
    @jeremyferguson9292 2 года назад

    Great video and very informative. How do you automate things like setup and design of a new airbnb? Cleaning? PM or boots on the ground to assist a guest if they need something?

  • @Ripdrdoom
    @Ripdrdoom 3 года назад +1

    would love a part 2 to this video.

  • @LifeFer48
    @LifeFer48 Год назад

    Great video!