Underwriting against optimistic, not comparable, data
Building a projection from a seller's marketing figures, or from a single best-in-class comparable rather than a realistic set, is the fastest way to overpay for a property that never hits its numbers.
This single mistake, more than any other, is responsible for short-term rental investments that look good on paper and underperform in practice.
Under-reserving for the slow season and for maintenance
An investor who models only an average year, without a cash reserve for a genuinely slow season or an unexpected repair, can find a fundamentally sound investment forced into a cash crunch by ordinary variance.
Building a realistic reserve into the underwriting from day one -- rather than hoping the average holds every year -- is one of the simplest, most overlooked ways to protect a return.
BNB Accelerator's acquisitions team, led by Nick Korom, screens over 1,000 short-term rental listings a week and hand-delivers the roughly 2% that clear underwriting. Book a free consultation to see what a done-for-you short-term rental acquisition looks like for your situation.