Pros and Cons of Buying Existing STR Properties (Ep542)
Summary
This episode of Get Paid For Your Pad features Alex Breen, founder of BnB Buyer, who discusses the pros and cons of purchasing existing short-term rental properties compared to homes without a rental history. He highlights the confidence gained from verifiable rental income data but also notes the decreased inventory when limiting the search to existing STRs and touches on market trends.
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