Initial Market Analysis

Question 1

5-Step Process to make sure my market is profitable #1

Answer 1

1. STR Regulations- can I operate legally in my market.

Question 2

5-Step Process to make sure my market is profitable #2

Answer 2

2. Determine if there is revenue potential in my market.

Question 3

5-Step Process to make sure my market is profitable #3

Answer 3

3. Assess current rental opportunities - core 4:

• Location
• Outdoor Spaces/Amenities
• Appealing Interior
• Flooring Type

a. Flooring Type
b. Appealing Interior
c. Outdoor Spaces/Amenities
d. Location

Question 4

5-Step Process to make sure my market is profitable #4

Answer 4

4. Compare top listings to available listings -use core 4 and rule out:
   a. <250 days available
   b. <20 reviews
   c. only listed on VRBO

Question 5

5-Step Process to make sure my market is profitable #5

Answer 5

5. Gauge Profitability

• Rent + Cleaning Fees
  + Profit + Expenses =
  Yearly Gross Revenue