Notram Robin

No, I'm selling my underwriting to someone else.

I'm not sure if you're so familiar with the Airbnb, but people are going to buy it and they need to see if the numbers are going to make sense.

Are they getting a 10% cash on cash, 20% cash on cash, a 10% cap rate?

So they have to underwrite it.

Now, the way to underwrite it is to see how much, what's your ADR, average daily rental, what's your annual income, and what are the fees incurred?

If you're a new investor, you don't really know that.

If you're not a new investor, but you're new to the area,

or you need to cross-reference something, you could either go manually onto Airbnb and look at different numbers, or you could go to AirDNA, but it could end up being more pricey and costly.

We use some of theirs, but we have a few other data sources tied in.

We have a lot from Mashvisor.

AirDNA has a lot from VRVO, but we have a direct relationship with them and a few other providers, which slipped my mind at the moment, but I can get back to you on that.

No, we actually underwrite it.

We have a preset mortgage amount.

Right now, our preset on the website, I believe, is 6%.

And last month, it was 5.5%.

We did move it up because this is just a projection.

But at the bottom on the box, you're going to see it's super editable to go in and change it and be like, look, I'm not at 6%.

I'm at 9%.

I need to underwrite it based on that.

We're modeling a 30-year fixed.