How an attorney replaced his income with less than 5 Airbnbs
Summary
Patrick Andres shares his journey into short-term rental investing, discussing his initial interest in beach properties and the challenges of property management, leading him to focus on long-term rentals before transitioning to short-term rentals after reading The Short Term Shop's book. He details his investment strategy, which includes identifying properties needing updates and recognizing the significance of location, amenities, guest experience, and having full replacement cost flood insurance.
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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