Finding the BEST Homes for an STR? 😇
Summary
AI-generatedWhen choosing an STR location, hosts should ensure that the permitting process is clear, there are enough active listings to generate consistent revenue, and they can achieve the desired return on investment. When investing in a mature market, the revenue might be higher, but returns will likely be compressed. It may be wise to consider secondary and tertiary markets where the revenue isn't as big, but the returns are better.
Key insights
When choosing an STR location, ensure the permitting process is clear and allows for legal operation.
Mistakes to avoid
Avoid investing in markets with very few active listings, as it can be difficult to generate consistent revenue and find necessary service providers.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial