Love what you do guys … very well explained and entertaining

Love the video editing! Very professional!

Great video! Very informative and much appreciated

Fantastic content, thank you Tony

So thorough, You rock!! Thanks so much for the calculator as well.

Great info, thank you so much for sharing! Will definitely use this to analyze properties.

Seriously great video. I appreciate all the info you are sharing.

Love it!!! Thank you for this awesome video!

You're THE BEST, Tony. Thanks for sharing all of this info!

Great video and thanks for the spreadsheet.

Absolute killer content right here! Thanks for sharing the analysis calculator with us!

@TheRealEstateRobinsons

2 жыл бұрын

Thanks so much!

@korniciacc18now

Жыл бұрын

I totally agree on the calculation. That is abhuge gold nugget. Many charge for such information. I know when I make it wont charge for things because why? If im making enough miney why do I need to take others money for information i received freely once upon a time.

Great video...really well explained! Thanks for the valuable content.

Best channel ever!

This is your best video my dude. If you could do more of exactly this that would be amazing!

Very Helpful, thanks.

Great information! Thanks for sharing ❤

By far one of the best videos on the subject i've seen

Awesome breakdown! Purchasing my first Airbnb this year and your calculator has been so helpful in analyzing properties! Keep going guys.

So helpful. Thanks man.

Omg! I was just asked to look at a property to see if it has potential and when straight to your youtube and found this video!! Thank you!!

Amazing video! Thanks for sharing. Saw your video with Rob this morning and have already watched 3 of your videos. You and Sara are killin it!

@TheRealEstateRobinsons

2 жыл бұрын

So glad you’re enjoying the content! Thanks so much for subscribing 😀

Súper helpful, thank you!

Thanks man. Great info! From one Tony to another. Loving the vids.

@TheRealEstateRobinsons

2 жыл бұрын

Glad you enjoyed it!

great content man, thank you many times over

Thanks for the spreadsheet and info!

@TheRealEstateRobinsons

2 жыл бұрын

Glad it was helpful!

Thank you for the calculator ✅

Dude, I started following yall because I want to be in this busiess. Yall do a great job. I am learning. Trying to figure how to start

Great content & helpful tips. I am new to this as well & love to start something soon.

Very helpful, Tony. Thanks for making the calculator available also. Grateful. - Brian

@TheRealEstateRobinsons

2 жыл бұрын

Glad you enjoyed it!

Great video - thank you!

Thank you for doing this!

@TheRealEstateRobinsons

2 жыл бұрын

Of course! Hopefully it was helpful!

Thanks Tony. This is amazing. I m falling in love with your content. Amazing content!

@TheRealEstateRobinsons

2 жыл бұрын

Thanks so much!

Great analysis!

Super helpful thank you

this was fantastic

Fantastic! Thank you

Good stuff. Thanks

EXELLENT, EXTREMELY INFORMATIONAL, EDUCATIONAL AND TOTALLY AWESOME PRESENTATION..ONE OF THE BEST I HAVE COME ACROSS. THANK YOU!

@TheRealEstateRobinsons

2 жыл бұрын

Thanks so much!!

Thank you so much you won a new subscriber!

that was a very usefull practical real example demonstration . thanks for your video

Ijust want to say thank you man.. i am out to start my journey in this soon and im just really excited about it all. Hope to catch on fast cause this seems like alot of fun. Definitely going to be watching all your videos. Ireally love how thorough you are at explaining in detail. Very easy to digest for the rookie/beginner. If you have any other resources that you can recommend where ican learn more of this or just make like some courses thats really "beginner friendly" and i will buy it as im sure others will to. Thanks again for the content, stay blessed bro 🙏🏽

@TheRealEstateRobinsons

2 жыл бұрын

Thanks so much! So glad you enjoyed the video!

Thx for the vid.

Great content

Great and valuable insights

Thanks. Good info. I've been trying to get my husband interested in rental properties that we can use as an STR most of the year. Of course it has to cash flow and this was a great description for how to figure it out

@TheRealEstateRobinsons

2 жыл бұрын

Glad it was helpful!

Such good info!

@TheRealEstateRobinsons

2 жыл бұрын

Glad you think so!

This video is super legit. Excellent for a newb like me.

New subscriber here. Great info and got some new insights. Two notes though that I might question: 1) regarding insurance, I trip out on potential emergencies that could end up being huge liabilities so I’ve been looking at proper insurance which I’ve heard can be very expensive so that insurance figure would be a lot higher. Second, I would use a 1.25% tax estimate as the taxes will be reassessed when you buy the property. Apologies in advance if Zillow does that already but I wasn’t sure if it was doing that based on asking price or the existing owners amount. Thanks again

Great video and thank you for providing your analysis tool. Appreciate you sharing your learnings! What types of lenders do you find are best to go to for Vacation Rentals?

Great info, thanks

@TheRealEstateRobinsons

2 жыл бұрын

You’re so welcome!

Hi Tony. Can you talk about how to best insure your short term rental for liability purposes as well as your advice on LLC’s? Thx

New subscriber, sorry for all the questions! - If price labs tells you average occupancy in your area of interest (JT here) is 50-60%, why use 80% in your analysis? seems aggressive, esp coming off 2021.

@B3GR8T

Жыл бұрын

@therealestaterobinsons

Good information

Just found you guys. Third video in. Great content. Thank you!

@TheRealEstateRobinsons

2 жыл бұрын

Thanks for supporting!

Nicely done Tony! Clear and concise 👌

@ShortTermRookie

2 жыл бұрын

Yes it is well constructed and simple to understand. He’s a good inspiration to watch for making content. I plan to keep watching for mine.

@TheRealEstateRobinsons

2 жыл бұрын

Thank you!! Glad to hear it was easy to digest!

@ShortTermRookie

2 жыл бұрын

@@TheRealEstateRobinsons Your content definitely giving me inspiration and motivation for my channel - thank you!

Great video! Occupancy tax is another big monthly expense to factor in. In Waco TX we have a 6% state, 2% county, and 7% city occupancy tax.

@TheRealEstateRobinsons

Жыл бұрын

Great call out! In our markets, Airbnb and VRBO charge the occupancy taxes directly to the guest.

It’s just now a time of repeating the process and looking and practicing it. Thanks for this. I thought I wanted to be a fix and flip her but now that I’m heavily involved in it it is not something I wanna do moving forward. These general contractors make things horrendous. I’m going to go the route of Airbnb for sure

@TheRealEstateRobinsons

2 жыл бұрын

Glad we could inspire you!!

New here! Thanks for the info. I'm interested in this industry, so starting to learn. I believe another video you mentioned having around 10 properties, where are all located? I know CA and TN. Also, when people break your things or maybe even steal, you don't contact them for reimbursement, instead take it out of your maintenance budget? What made you guys get into the business, background story or did I miss the video on your beginnings?

I love the calculator but I didn’t see monthly supplies there. I know I can just put that in but I was curious on how much you spend. Thank you.

Thanks Tony. Been loving the Real Estate Rookie podcast as well! What are some key differences between Price Labs and AirDNA? Do you use both, or do you prefer one over the other?

@TheRealEstateRobinsons

2 жыл бұрын

Thanks! Both are awesome tools. I've leveraged PriceLabs more recently because the data is a bit more granular. And I think it's a little cheaper than AirDNA

I came from Robuilt - so thrilled to have found you 😆

@TheRealEstateRobinsons

2 жыл бұрын

So thrilled to have you!

Hey Real Estate Robinsons. I'm a new subscriber; I saw you on The Robuilt Channel and thought I take a look, great info!! I'm working up to participating in Airbnb. Between you and Robuilt I think I'll have enough knowledge to make it work.

@TheRealEstateRobinsons

2 жыл бұрын

We love to hear it! Best of luck on your journey!

@7thSonProductions

2 жыл бұрын

@@TheRealEstateRobinsons Thanks Much!!

Thanks for the content. I think you did a clear job. Have you analyzed a property that you don’t own? Using a rental property? I would be interested in seeing a long term leased property (similar to a commercial NNN lease) Sales list price in destination markets are too inflated. The high prices are not real when the market crashes. I never owned property that was under water. Moreover, I’m not a retail real estate investor. So I would never buy anything listed on MLS. Those are with few exceptions retail properties. I purchase properties off market or under market. If I find a property on MLS and pursue purchase it’s a distressed seller and willing to sell subto or seller financing with little or no money down out of my wallet or some other creative financing method. How is this business model in April 2023, after many destination cities have housing market crashes going on? In my sub market Austin City Limits, housing is crashing after the peak May 2022, and with 33000 new construction apartments units coming to market any day rents are going down also. My 2 cents.

Thank you. This was extremely informative and helpful. I noticed you didn’t include this fee for the property management company in your example? This would’ve been nice to see how it affect the bottom line.

@Sanchocloz

Жыл бұрын

That’s is also what I noticed you did not include the property management expenses which I heard is between 15-30% of rental. Is this property management fee with the cleaning fee or without the cleaning fee included. It seems like their won’t be enough profit for the owner after all the expenses.

Really excellent content!! How much is price labs? Think it's worth buying this if I'm analyzing deals to buy in any market?

Great video Tony! So when you went over insurance line item it got me thinking do we need a special insurance policy since it will be. A vacation rental?

@TheRealEstateRobinsons

2 жыл бұрын

We do let our insurance company know that it’s an STR, and there’s a special add-on for this type of usage.

Thanks so much for the spreadsheet. I was looking for the other two tabs but did not see them. Has it been updated?

awesome

@TheRealEstateRobinsons

2 жыл бұрын

Glad you enjoyed it!

Thanks for the very good info. My wife and I are thinking about doing an Air bnb. We have our own house (it has a mortgage) plus we inherited her parents house (no mortgage) which has 6 bedrooms and is located in the mountains near a lot of wineries and a major Equestrian center but I would not call it a major tourist area. It seems like a no brainer but is it as easy as I think (all we are paying on the house is taxes and utilities)?

Excellent info. So now that you know how much $ you’ll need and how much it will make, how would you structure a deal with an investor partner?

You and your lovely wife are very brilliant.

To determine utilities you mention reaching out to airbnb hosts in the area. For this do you use forums or do you suggest just reaching out to listing hosts directly?

What template did you use to build the analyzer? I tried downloading the checklist and the calculator, but both links lead me to the calculator. I'm really appreciating your video content!

How do you account for changes in the law cracking down on short term rentals? I'd like to invest but it seems that most major cities/states these days are increasingly enacting laws severely limiting the ability of people to own short-term rentals that are not also their primary residence. Curious to hear how you deal with that when it comes up/identify markets not subject to those laws/account for the risk that such a law might pop up in a place where you already own and operate an airbnb.

Awesome content! The STR Analysis Calculator on your page doesn't have the "Rental Comps" and "Future Price" tabs. Shoud it?

This was the EXACT video I needed!! Thank you so much!!! Excellent job!!!! Thank you, thank you, thank you!!!!!

@TheRealEstateRobinsons

2 жыл бұрын

You are so welcome!

If you ever visit Shreveport, I would love to buy you lunch and pick your brain. Currently stationed here for the next year, but you’ve motivated me to get started with STRs.

On the spreadsheet, what are the fields "user input" and "calculated" for?

Thanks for the video!!! Question though. When looking at comps I can't seem to get it to show me the last 30 days. Only 365. I've changed it up top to 30 and it won't change down where I filter by revenue. Am I missing something?

Just saw your video. How do you identify the most profitable cities in a certain state? I live in MD.

Do you think AirDNA is worth the subscription or do you recommend another tool? Thank you!

Do you change the Airbnb did codes each time?

Would you sign an apt lease to use for this short term rental income strategy?

I do have a few questions (possibly for another video). Do we need a property manager if our Airbnb is not in the same state where we live? Or can we manage long distance? What does a property Airbnb manager do? Does Airbnb offer that? Or do we need a real estate agent? How much do they charge? Is it worth it? Thank you so much in advance!!

@TheRealEstateRobinsons

2 жыл бұрын

We have a video coming out in a few weeks about self managing your properties remotely!

@vanessaandrade8210

2 жыл бұрын

@@TheRealEstateRobinsons Thank you so much!! Looking forward to it!!

Great video! Do you have a preference for Pricelabs over AirDNA?

@TheRealEstateRobinsons

2 жыл бұрын

We use both!

Do you provide the form your showing?

Great video but you skipped over the PM fees. Why is that?

Did I hear correctly that the rental averages just under $190/night plus $175 cleaning fee for an average of two days? Does the client see this billed as a single number or as two fees? Is there push back from visitors on this?

Great video. I heard you say that most of your properties you put 10% down. Are those conventional loans?

@stevend481

2 жыл бұрын

Theres vacation home morgages that are 10% down. He said it on his bigger pockets episode

Love the content!! Can you please straighten the frame behind your head 😅

@TheRealEstateRobinsons

2 жыл бұрын

😂🤦🏻‍♀️I hate when it’s crooked and I didn’t realize until after filming!!

Hi I have been follow you I have 2 Airbnb in Orlando Florida but the slow season like now August and September are veryyyyy slow I lower the price is beautiful 3/ 2 Condominiums. What advise you can give me. Best regards

With all the data you were looking at, how did the 50% average occupancy rate go to 80 in your predictions? Did I miss something?

The checklist snd calculator won’t load for me

Great video! How do you know that the property would average 80% occupancy though?

@cyrusjulian187

Жыл бұрын

I think he said he based that on the comps

Thanks so much Tony, this is Gold. Appreciate the calculator and the checklist

@TheRealEstateRobinsons

2 жыл бұрын

Thank YOU for supporting our content 😄

Hi Tony, Quick question. Love the video by the way. Exactly what i needed. So i'm not sure if i missed this in the video, but how do you decide on the average 12 turn overs a month to use when figuring out the cleaning cost? If you can explain that as if i'm 4 years old id appreciate it. hahah Thank you!

@TheRealEstateRobinsons

2 жыл бұрын

Hey Anthony! Great question! We did the 12 turn average based on data from our actual properties, so I totally understand why that part could be confusing. One way to pull this piece of data is to look at the “average length of stay” for your market. If people stay, on average, for 2 nights, and you’re running 80% Occupancy in your market, then (30 Days / 2 nights per stay) = 15 nights * 80% = 12 turns Haha not quite 4 year old level, but hopefully that makes sense!

@AnthonyCiccotto

2 жыл бұрын

@@TheRealEstateRobinsons Thank you for your response! Oh i see, ok that makes sence. So how would someone with zero properties or zero in the area decide on what turn over number to use when calculating these numbers. Seems like there isnt really any data on any of the data sites that i can pull something like that from. Is there a number that is a good rule of thumb to use?

@benmarr352

2 жыл бұрын

I'd guess days rented per month divided by average rental days (available on air dna)

@Harthockey8

Жыл бұрын

@The Real Estate Robinsons I notice you left mgmt blank because you’re self managing. Do you ever include a fee to cover your overhead to run the property or plan for future outsourcing? If anything, even just an extra layer of conservatism.

This is literally the most beautiful video I have ever watched.

@TheRealEstateRobinsons

2 жыл бұрын

This is literally the nicest comment we’ve ever had

I entered the information to get the calculator and the email link never came to download.

Hi Tony, great content. How do you deal with Debt to Income ratio limits when trying to buy new units and faced with the fact that most (if not all) lenders don't consider STR income when calculating DTI ratio? Thanks!

@TheRealEstateRobinsons

2 жыл бұрын

We partner with folks to help with the DTI restrictions. There are also lenders that can lend based on the projected performance of the property.

@1mgb

2 жыл бұрын

@@TheRealEstateRobinsons thanks!

@kevinduncan8174

2 жыл бұрын

@@TheRealEstateRobinsons what do these partnership structures look like? You couldn't be co-signing, so are you essentially acting as a 'property management' company, where the partner owns the real estate, but you find the deal, help close the deal, and then manage the property for a % of profits?

@Sanchocloz

Жыл бұрын

Maybe in a future video you could show us how to structure partnerships. Thank you for your content. ❤

I was building an Airbnb analysis calculator and this is just the video I needed! Thanks. I was wondering, on Pricelabs, does the revenue and or daily rate include cleaning cost or is it strictly the rental rate? Thanks again!

@joelfelicio3007

2 жыл бұрын

I have the same question.

@jenniferasalcedo

2 жыл бұрын

Strictly the rental rate. I have to add in the cleaning cost in Guesty, the PMS