STARTUP STAGE: Andes STR buys and manages rental properties for investors - PhocusWire
Summary
This article discusses Andes STR, a startup focused on buying and managing rental properties for investors. Hosts might find this interesting as it signals continued investment and professionalization in the STR market, which could influence competition and operational practices.
Key Insights
- •Andes STR is buying and managing rental properties for investors.
Action Items
- ✓Research the landscape of STR management companies to understand the competitive environment.Effort: lowImpact: medium
Common Mistakes
- ⚠Not understanding the potential for increased competition from professionally managed properties.
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.
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