How He Turned Cheap 12 ACRES Into A Masterpiece
Summary
This case study details how to turn low-value land into a high-revenue short-term rental destination by leveraging 'land hacking.' The strategy involves buying land with an existing structure for easier financing, gut-renovating the main unit, and then scaling profitability by adding unique stays like glamping domes and container homes. Key takeaways include the importance of deep-dive underwriting, understanding local tourism flows beyond population stats, and using a 'soft exit' refinancing strategy to recoup capital tax-free.
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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