Do This Before You Buy Your First Airbnb!
Summary
This video emphasizes that the most critical step before purchasing your first short-term rental is securing financing and understanding your lending options. Hosts Bill Faeth and Kenny Bedwell explain why talk to lenders before looking at properties is essential to avoid budgeting errors and maximize leverage. They cover various loan types including commercial, DSCR, and traditional products, highlighting how each impacts your long-term scaling strategy.
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