Traffic drivers for a potential #airbnb purchase
Summary
Bill Faeth breaks down the evaluation of a $1.3M property, focusing on how to identify demand drivers like nearby golf courses and the value of having no HOA restrictions. He introduces the concept of stacking multiple exit strategies (flip, short-term hold, and long-term STR) against the four primary levers of real estate: cash flow, appreciation, debt paydown, and tax benefits. The core advice is to avoid over-developing a property beyond neighborhood comps while leveraging tax strategies like cost segregation to maximize ROI.
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.
Curated by Learn STR by GoStudioM