Creative Financing Strategies to Acquire Airbnb Properties – with Isaac Moore & Andrew LeBaron
Summary
This article discusses creative financing strategies for acquiring Airbnb properties, including seller financing, hard money loans, and non-qualified mortgages. It also explores revenue management routines and the importance of a strategic approach for STR CEOs. Hosts can learn how to leverage different financing options and improve their revenue management practices.
Key Insights
- •Creative financing options include seller financing, hard money loans, and non-qualified mortgage products to build an STR portfolio.
- •STR revenue management must be scheduled, not reactive and early bookings can indicate underpricing or upcoming events.
Action Items
- ✓Re-evaluate priorities and identify bottlenecks in your STR business to optimize operations.Effort: lowImpact: medium
- ✓Review bookings daily to reveal pricing and demand signals.Effort: lowImpact: medium
- ✓Consider using seller financing to acquire properties.Effort: mediumImpact: high
Tools & Resources
- →Get Paid for Your Pad: The article mentions resources like the Live Let Thrive Podcast and Get Paid for Your Pad on YouTube.
Common Mistakes
- ⚠CEOs of STR businesses often get bogged down in low-value activities, failing to focus on strategic priorities.
- ⚠Many STR operators make mistakes in revenue management by not following a consistent daily or weekly pricing routine.
More from Getting Started
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The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
Curated by Learn STR by GoStudioM