Invest in what you enjoy. Otherwise it’s going to be a tedious grind. #investing
Summary
The video discusses the importance of investing in properties that resonate with the investor's interests and preferences. According to the speaker, focusing on properties with potential in great locations but needing maintenance or renovation, rather than purely cheap or undesirable ones, is a good value-add strategy. The speaker also suggests that total demolition and rebuilding may not be ideal for less experienced investors.
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