Destin Florida Neighborhood For Homebuyers [Crystal Beach Tour | WALK INTO EQUITY] 

Thank you for the follow up!

@@adamholbrook2281 That's what we are here for!

You are very welcome! We have a ton of experience with STR's, if we can assist with anything, feel free to reach out 😀

@@LifeOnTheEmeraldCoast Can I ask where are your projections from? (income) Is that if someone used a management company, or based on the last owner's reported income/ self manage? In the example of the 700k duplex cottage. Just the mortgage payment would be around 4,000/ month. That doesn't include taxes, insurance, utilities, association fees, etc. which I imagine are fairly high given the location. At 80k gross income a year I'm not seeing much if any income? I would like to invest in a STR, but I'm trying to get my numbers straight so I was just wondering what the nets might look like. Thank you for the information/ disclosure.

Great question. Any numbers projected in our videos are either projections from a management company, or from one of our tools that help calculate, or the actual number from the owners. Generally we try to give actual numbers, projections are always hit and miss on whether they are accurate or not. That being said these are gross numbers, so this is before anything is touched whatsoever. This is just raw money coming in to the short-term rental. We sell quite a bit of these so we have our own proprietary products where we calculate most of the major expenses if not all of them. So everything you mentioned in your comment, management fees, utilities, HOAs, mortgage, and even replacement costs, among a few other costs as well. We have our own calculator that we use to showcase what the NET would be based on different scenarios (such as if it's managed by the owner or a company). We then dig and do any research that we need to in order to adjust the other numbers, such as utility cost, we don't generally like using the listing real estate agents numbers because they are often inaccurate, so we actually call the utility companys ourselves and and get a 3 or 6 month average so that we can get us close to proper numbers as possible. Those are just a few examples of the things that we do. I'm not overly confident that I answered your question completely, if I did not, let me know and I will get more specific as needed.