Lower costs to operate because of economies of scale + tech
Higher profits with functional design + automation
Our strategy is refreshingly simple and boring. Focus on the experience, reviews, keeping expenses low, automate what we can and build in systems and processes for repetitive, mundane things.
Focused, strategic, yet simple.
Can this property fetch at least $200 bucks a night? If so, we’re on it like hotcakes. Q1 2022, we’re trending at $300+.
Under $750k homes
We prioritize staying sub the $750k range as to protect against downside risk. With some outliers of course.
During underwriting, the property must produce at least 10% CoC and maintain an upward projection.
20%+ Annual ROI
It should hit at least 20% ROI as an average over the first 5 years (cash + equity + tax benefits). Typically, by year 3.
Tax Friendly States
It’s what you keep. Not what you make. Live anywhere but invest where it makes sense.
Underwriting 5 Ways
Who wants to pay taxes when you can be smart about it? Our properties see 25-35% write offs.
Multi Platform Exposure
Markets near national parks, destinations and/or outdoorsy tend to outperform.
Long Term Rental Friendly
We underwrite as an STR, MTR and LTR just in the event we need to quickly adapt.
Business goers, travelers, adventure seekers galore. All are welcome.
STR Friendly States
Can this property perform “Ok” in the event of lower than expected OCC? Sub 50%.