What You Need to Know About Applying for a Short-Term Rental Loan
If you’re considering purchasing a property for short-term rental or refinancing an existing one, it’s essential to understand the specific challenges that come with financing this type of investment. While short-term rentals, like Airbnb or holiday homes, are often advertised as highly profitable, securing financing can be more complicated than many people expect. In this […]
Timing Your Purchase: Aligning with Seasonal Demand
As you embark on the journey of buying a short-term rental property, effective preparation is essential for making a sound investment. Understanding market dynamics, especially related to seasonal variations, can significantly enhance your decision-making process. Understanding Scarcity Factors in Different Locations Since competition in cities can be intense, it’s worth thinking about how you position […]
Off-Season Opportunities: Strategic Buying in a Cooler Market
When investing in short-term rental properties, recognizing the seasonal trends in your target market is essential. These trends can significantly impact your investment strategy, rental income potential, property pricing, and overall success. Here’s a deeper look at how the on-season and off-season differ and why certain locations may be more influenced by these fluctuations. On-Season: […]
The Power of a Multi-Platform Approach for Your Short-Term Rental
If you already have a property listed on Airbnb and have been successfully attracting guests, you’re likely familiar with how the platform works and the value it brings. But have you ever stopped to think about how much you’re losing by limiting yourself to just Airbnb? More importantly, if you’re sending guests who find you […]
Streamlining Guest Communication
In the world of short-term rentals, effective communication is key to providing a seamless guest experience. However, managing guest interactions can be time-consuming if not done correctly. The good news is that you can automate up to 95% of your guest communication, allowing you to focus on what truly matters—ensuring your guests have a great […]
Scott’s Reality Check: The Truth About Airbnb “Experts
Feat, but I felt I had little choice if I wanted to turn my fortunes around. I delved into hosting software, painstakingly transferring accounts and listings. However, to my dismay, I lost all the reviews from the previous listings during the transfer process. This was a harsh lesson in how hosts can lock you into […]
Is It Time to Shift From Long-Term Investment Properties to Short-Term Rentals?
As property investors, one of the most pivotal decisions you’ll face in your journey is when—and if—it’s time to transition from owning long-term investment properties to short-term rentals (STRs). This shift can drastically impact your portfolio and, when done correctly, can lead to a significant boost in rental income. However, it’s not a decision to […]
The Guest Experience Scale: Balancing Positives and Negatives
When setting up a short-term rental, success isn’t just about finding the right property—it’s about curating an exceptional guest experience. Guests evaluate their stay holistically, and every interaction, from the moment they see your listing to the moment they leave your property, contributes to their overall impression. The experience is like a scale, balancing positives […]
Don’t Let Your Busy Schedule Cost You Your Dream Home
In today’s fast-paced world, many people find themselves time-poor when searching for a property. While you might not see yourself as particularly short on time, the reality is that actively searching for a home requires significant hours—hours that can be hard to come by, especially if you’re juggling a full-time job. By working during the […]
Why Negatives Weigh Heavier Than Positives
When it comes to short-term rentals, success isn’t just about owning a property in the right location or adding trendy furniture to your listing. The true measure of success lies in understanding the positive-to-negative scale—a silent yet powerful force shaping every guest’s experience. This concept isn’t just about avoiding complaints or securing good reviews; it’s […]