Andrew Keene
๐ค SpeakerAppearances Over Time
Podcast Appearances
I have to look into a little bit deeper of how many units I can get.
Just debt coverage ratios.
I would much rather be dealing with...
Yeah.
So I don't know the exact number and I have to figure that out.
You know what we're doing right now and the cashflow in San Diego, the way it works, if you have a one bedroom downtown, it's going to be cheap.
It's going to be, it rents out high on occupancy, right?
A lot of people like to sardine people into the places.
But I would rather have, you know, one unit that's one and a half million dollars than five, five, $300,000 places.
Yeah, but your occupancy rate will go down on a larger unit because you're going to be charging $6,000, $8,000 a month per night for that unit.
So this is kind of some of these things.
There is some really good software there like Revester that I've been trying to calculate this out.
Yeah.
There's one called AirDNA, which is really good, which you can buy reports of any city.
So depending on between $70 and $150, you buy the report.
So you can buy a report specifically in Little Italy.
It breaks down your occupancy rate per month.
It breaks down your average price.
And supposedly, they have a scrub of all the Airbnb data over the last year.
That's how the reports are generated.