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Re: what is the spending limit for
[Re: jwalker77]
#2883160
08/20/19 09:03 AM
08/20/19 09:03 AM
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Joined: Dec 2018
Posts: 2,070 Alabama
strikeu
OP
8 point
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OP
8 point
Joined: Dec 2018
Posts: 2,070
Alabama
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I like to stay under $200/night but thats getting hard to do. yeah, I know there are a ton of variables...and this may not be a good way to ask that kind of question. we're contemplating getting a beach property for investment and personal use, I would love to know what the average Alabama beach goer would spend (or normally spends) for a decent type place...
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Re: what is the spending limit for
[Re: strikeu]
#2883195
08/20/19 09:35 AM
08/20/19 09:35 AM
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Joined: Feb 2013
Posts: 8,399
Atoler
14 point
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14 point
Joined: Feb 2013
Posts: 8,399
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If you would like to accurately predict your rental income, I can go into depth if you want to pm me.
Basically, I created a spreadsheet with all kinds of different categories. Location, rental type, bedrooms, baths, decor rating, tiers off the beach, amenities, wheelchair accessible, etc.
I then used vrbo to put together hundreds of comps in the areas we were looking. For each listing you can see how many weeks a year they are booking, what their rates are, fill out the different categories of the spreadsheet, and calculate an estimate for gross revenue. From there consider cost of ownership for different types of rental homes, as well as the potential for damages on lower end stuff and the amount of interaction you will have with renters for each style of rental.
This route is extremely accurate, and predicts exactly what to shop for to gain the best ROI.
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Re: what is the spending limit for
[Re: jwalker77]
#2883197
08/20/19 09:36 AM
08/20/19 09:36 AM
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Joined: Dec 2015
Posts: 22,169 blount county alabama
jwalker77
Pumpkin
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Pumpkin
Joined: Dec 2015
Posts: 22,169
blount county alabama
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I like to stay under $200/night but thats getting hard to do. Weve never worried much about where we stay as long as its clean and has a good view. Not too long ago I could find a gulffront condo usually around $450.00/3nights. That pretty well dont exist any more. My wife and daughter stay on the beach when were down there and me and the boy are fishing most of the time. Really dont matter to us if our stuff is sitting in a 5star condo while were at the beach or fishing. Ive stayed in cheap condos and some that cost twice as much, I didnt see much difference in them. I have never stayed in a really high end place, maybe that would be different. Even then its just the place where our stuff is sitting and where we sleep so I just dont see the point.
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Re: what is the spending limit for
[Re: strikeu]
#2883203
08/20/19 09:39 AM
08/20/19 09:39 AM
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Joined: Apr 2017
Posts: 4,597 Elmore county
GKelly
10 point
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10 point
Joined: Apr 2017
Posts: 4,597
Elmore county
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we always get a room with a small kitchen the price increase pays for itself being able to make breakfast and lunch in the room. I usually plan on around $500 a day but we get group rates at our hotel as low as $270 a night after taxes and that leaves me with $260 to play with. we have stayed in decent condos in PCB one bedroom fold out in living room and a kitchen for as low as $180 but they are across the road from the beach but the plus is they have a boat slip you can just walk 20 feet from the porch and be on the boat.
Last edited by GKelly; 08/20/19 09:40 AM.
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Re: what is the spending limit for
[Re: strikeu]
#2883221
08/20/19 09:53 AM
08/20/19 09:53 AM
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Joined: Dec 2002
Posts: 11,358 Kennedy, al
globe
Booner
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Booner
Joined: Dec 2002
Posts: 11,358
Kennedy, al
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We’ve scaled way back the PLACE we stay and focus more on doing what we want while we’re there. Last 2 years we’ve stayed “bayside” on west beach in gulf shores for reasonable. 200 a night is about as cheap as you can stay that close the beach. I personally can’t justify spending twice that, just to stay in a super nice condo. Unless it rains, we’re rarely in the condo. We try to keep our total bill under 2000.00 so we can go every year (we only stay 5 nights).
Everything woke turns to shucks
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Re: what is the spending limit for
[Re: strikeu]
#2883276
08/20/19 10:59 AM
08/20/19 10:59 AM
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Joined: Nov 2003
Posts: 6,713 Baldwin County
mark
14 point
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14 point
Joined: Nov 2003
Posts: 6,713
Baldwin County
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Zero
Too freakin HOT to go to the beach.
Sig Sauer, to hell and back reliable.
Whatever suits you just tickles me plum to death.
Can I refill your eggnog for you? Get you something to eat? Drive you out to the middle of nowhere and leave you for dead?
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Re: what is the spending limit for
[Re: strikeu]
#2883482
08/20/19 04:41 PM
08/20/19 04:41 PM
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Joined: Feb 2002
Posts: 44,211 North Alabama
Wiley Coyote
Freak of Nature
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Freak of Nature
Joined: Feb 2002
Posts: 44,211
North Alabama
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DAMN! At those prices I now have another reason to stay the Hell away from the coast.
I firmly believe that a double gallows should be constructed on the East Lawn of The White House. Politicians who willfully and shamelessly violate their oath to uphold and defend the Constitution of the United States of America should be swiftly tried and, upon conviction, publicly hanged at sunup the day after conviction. If multiple convicts are to be hanged they can choose with whom to share the gallows or names shall be drawn from the hangman's hat to be hanged 2 at a time.
NRA Life Member
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Re: what is the spending limit for
[Re: strikeu]
#2883514
08/20/19 05:12 PM
08/20/19 05:12 PM
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Joined: Nov 2009
Posts: 8,571 Grays Creek, NC
bigcountry692001
14 point
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14 point
Joined: Nov 2009
Posts: 8,571
Grays Creek, NC
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We spend it all on food because we don’t know of any restaurants 😁
"You cant manage a deer herd with acorns."
-Dr. Craig Harper
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Re: what is the spending limit for
[Re: strikeu]
#2883535
08/20/19 05:30 PM
08/20/19 05:30 PM
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Joined: Dec 2012
Posts: 201 Tuscaloosa, Alabama
ttownwhitetail
4 point
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4 point
Joined: Dec 2012
Posts: 201
Tuscaloosa, Alabama
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We stay on West Beach on the lagoon at Compass Point. It’s not on the beach but just across the road. We have been renting from the same lady for the past 7 years. It’s a two bedroom and we pay $100 a night.
Mathews DXT Remington 30-6 Remington SPS 7mm08
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Re: what is the spending limit for
[Re: bama1971]
#2883537
08/20/19 05:32 PM
08/20/19 05:32 PM
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Joined: Nov 2003
Posts: 6,713 Baldwin County
mark
14 point
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14 point
Joined: Nov 2003
Posts: 6,713
Baldwin County
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Zero
Too freakin HOT to go to the beach. You know they’ve got water to cool you down right? You know the current water temp in the Gulf is near 90 degrees, right?
Sig Sauer, to hell and back reliable.
Whatever suits you just tickles me plum to death.
Can I refill your eggnog for you? Get you something to eat? Drive you out to the middle of nowhere and leave you for dead?
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Re: what is the spending limit for
[Re: strikeu]
#2883538
08/20/19 05:35 PM
08/20/19 05:35 PM
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Joined: Jun 2013
Posts: 52,220 Gee's Bend/At The Hog Pen
James
Freak of Nature
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Freak of Nature
Joined: Jun 2013
Posts: 52,220
Gee's Bend/At The Hog Pen
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Zero
Too freakin HOT to go to the beach. You know they’ve got water to cool you down right? Surely you don't mean the Gulf? Cause there ain't nothing cool about swimming in 88 degree water 🤪
How many people am i willing to sacrifice for freedom? Everyone. All of them...
Do not regret growing older, it's a privilege denied to many!
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