Real Estate is a Get Rich SLOW Tool #realestateinvestment #shorttermrental
Summary
Avery Carl from The Short Term Shop argues that real estate is a 'get rich slow' tool, requiring at least a 5-to-10-year commitment to see true success. She warns new hosts that year-one revenue is rarely the peak and emphasizes that STRs are an active business, not a passive 'set and forget' investment.
More from Getting Started
This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
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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