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

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*All content on the Robuilt KZbin channel reflects my own opinions and should NOT be taken as legal advice, financial advice or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.

[@KaeBae_]

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!😊❤️

[@capitainedemoi]

I agree

[@KalebRowland]

I agreee as well

[@ehinckley]

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]

how many properties do you own

[@theaggrodude]

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

[@jasongarmon2595]

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! 🏡

[@JeffLifeInReview]

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.

[@taviaredburn8565]

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

[@justme.11]

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]

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

[@justme.11]

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

[@twincherry4958]

@@justme.11 🤣🤣🤣

[@Northstar2000]

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

[@DaabigO]

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!!!

[@maxrussell3759]

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

[@buildfixflip]

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

[@jeanpaul6545]

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

[@dunser21]

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!

[@lisatom42]

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

[@VaronConsulting]

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?

[@makakoloa211]

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

[@the_om_project]

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

[@juliaisabella3000]

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!!

[@sharonlynn272]

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.

[@tiaanmoggee6786]

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

[@tyl3r0531]

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

[@joslynmeeker9322]

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

[@danielashman1753]

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!

[@gathercreatelivewithleslie8340]

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.

[@josiejq]

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!!

[@gneboardins4]

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

[@lindangorealtor]

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

[@marshallbw72]

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

[@guydacosta8239]

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.

[@sunnyxu1215]

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

[@tlshachar]

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

[@Kitzus]

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]

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.

[@andrewmarsh6586]

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]

This is a great video Rob! Great analysis

[@brandotex]

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

[@jeromesurio2682]

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

[@jimpiety]

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?

[@randys9541]

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

[@lagflu]

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

[@jeffnelson2936]

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!

[@YELLzeyLauren]

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.

[@peterouimette3846]

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

[@hectoracosta6093]

Thankyou Rob, we love your long videos 🙏

[@jakehirst9868]

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

[@lindseyrummel]

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! 🤗

[@kerrybaird24]

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

[@SensatiousHiatus]

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.

[@kencampbell2996]

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!

[@darylhawkins1014]

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

[@carrieannewillingham8061]

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

[@amayes1977]

Thanks, Rob! This was both informative and entertaining!

[@mariominayag]

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

[@lauralebron2554]

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

[@talialavor8411]

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

[@tgakascream9968]

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.

[@lyndonmodomo734]

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

[@judgemorris]

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

[@jasonmcclune4717]

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!

[@StefanoCreatini]

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

[@juicyhd]

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

[@erichoward8249]

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]

What do you mean by AirDNA?

[@HJorgin55]

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]

@@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]

@@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]

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

[@s44577]

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!

[@Tacos888]

Nice

[@ModernJewelryMakers]

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

[@ventureted]

Really great info Rob! Thank you!!!

[@N8Burn]

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

[@nolanpierce1794]

Seriously helpful content. Thanks for putting this together!

[@chrislopez9156]

Super helpful thanks Rob!

[@tinfoilhatofpepe]

Exactly what I needed man thank you so much

[@sarahmsuya1992]

Awesome video-thanks so much for sharing!

[@braydenwhite5547]

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

[@anthonys.621]

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

[@matheusmello8541]

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

[@TheSavvyCouple]

This is absolute GOLD dude. Thanks!

[@jeremyferguson9292]

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?

[@mariedickinson8670]

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

[@Catherineek]

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

[@chobaray]

THANK YOU ROB MAY GOD KEEP BLESSING YOU

[@matthiggins7223]

This was great! Thanks for breaking this down. 😃

[@ammar7566]

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

[@HeatherTorresTV]

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

[@Robuilt]

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

[@susanpratt3290]

Last time I took a trip to the DC area, I also stopped and at Williamsburg, VA, I am sure you have heard of it, and it is really neat place. My family and I went there when I was a kid. Jamestown, and Virginia Beach is another stop in that DC area.

[@user-mj6sl9qv8j]

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

[@TheRinconstudio]

Hi Rob Did your monthly expenses of mortgage plus expenses included cleaning, supplies and repairs? It seems about 400 is low as cleaning alone starts about $100. Is this STR for a month minimum rentals? Or does it take into account 4 to 5 weekly or shorter rentals? What’s your take on that? Thank you. Awesome video. I just found you 😊

[@benharborne9875]

Great video! How do you figure out local zoning laws and apply for permits etc to get started?

[@erothegardener]

I second this question

[@estatesrates5320]

Call the cities planning department and ask.

[@lvyijielvyijie]

I have the same question! It seems impossible to get short term rental permit from the county! Anyone knows the trick?

[@DJBWayne]

Phone calls and leg work.

[@drwp3nn]

Look up the GIS map for your county/city, find out which zone you’re in, then loop up that zone in your county/city’s site or call them asking for the write up on your specific zone

[@ArielleTillett]

the algorithm is definitely working! I recognized you from tiktok! :)

[@vintagemotoseattle]

I really want to send a thanks. I was hooked the moment you said analysis paralysis. Because my wife and I are beyond ready to buy. we have our "20% plus 20k" we've been told to have ready. We live near Seattle. We've been looking in Northern Idaho, Western Montana, and even recently North or South Nashville areas. After watching your video, i can see what you mean about (4-6 hours drive at 70mph, is probably far enough). So we're going to skip TN for now *tear* thank you. Darren

[@tinachxx110]

Please let us know if you ended up buying that property or any other property. Love the way you did this analysis. Now the follow up question that I have it you did buy it is how did you get it up and running for Airbnb. Especially since you don’t live in the area.

[@rapedpigges]

love your videos really valuable

[@PegaFemBlog]

I had been looking for someone to explain simple analysis of a potential STR and wound up on a loop with gurus that want to sell me a course. Thanks so much for the information, it is much appreciated!

[@HJorgin55]

To be fair it looks like Rob is also trying to sell a course. hostcamp or glamcamp. They may be worth it but still trying to determine...

[@ayadi2671]

Brilliant video. Love it.

[@jaredvincent1067]

great video. Like the long format videos

[@KirbyLarry]

Thank you so much for this.

[@swwly]

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

[@AshleyDaneman]

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

[@lexiegorham9637]

The interest rate needs to be ran at a higher interest since it’s an investment property. This being ran at 2.6% wouldn’t be likely, more so 4% interest rate. Closing costs are also typically 2.5-3% of the purchase price. Great Channel, great info! Just wanted to throw that out there.

[@vintagemotoseattle]

i have to admit when i saw his numbers of "your mortgage would be about 1150......" i whispered to myself. riiiiiiiiiiiiiiiiiiiiiiiiiight." lol. At any rate, you're still likely good at his 2k a month number since he rounded up.

[@somthingrandom208]

I have some investment properties with interest below 3%. A few years ago I'd have agreed with you, but I think a lot of people in real estate took advantage of the stupid low rates in the last 12 months to refinance properties at really good rates

[@dunerider88]

@@somthingrandom208 I'm a loan officer in California and I can confirm, investment property rates are indeed in the mid 3's right now unless paying points to get below 2%.

[@MTV112]

Probably closer to 3-3.5% maybe 4% worst case. Depends on the deal though

[@MTV112]

Also depends @ closing costs. In this market yes. But I’m general it might be covered by the seller to an extent

[@uteboard]

I've been using airdna and airbnb to research my potentials deals for a long time now, basically just like you showed. Except, I never new about the rentalizer calculator. Honestly skipped this video for a few days because I know I have a good handle on deal analysiseses (analyses). Just proves yet again you are never too smart to lean something new. Thanks for the videos, man. Keep up the great work.

[@Robuilt]

Aw nice! In my opinion, it's the most important tool-especially since it's free!

[@stiofanlful]

Great info…. And presentation.. thx 👍

[@JamesAndrewMacGlashanTaylor]

Rob, can you do a video on how to analyze raw land for short-term rental and/or glamping villiage?

[@aeneid1]

Good stuff Rob. Thanx !

[@brandongrennan7602]

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!!

[@marktbarr]

Really insightful. Thanks a lot.

[@trun222]

You post some fire content. Thanks for sharing.

[@niccolealdrich4890]

Great content! Saved for future reference 🙃

[@amandaw6142]

I have been enjoying your videos and forgive me if you already did one covering this, but how did you finance your first investment property? I enjoyed seeing how you broke down ROI and the thought of making back our initial investment in the first couple of years is amazing, but shouldn't we also calculate in the other costs besides closing, down payment and furnishings? Cost of utilities, taxes, maintenance, etc? Thanks again for all the good info!

[@taylorw362]

This is awesome info! Thanks!