$100,000 a month with short term rental #airbnbbusiness #shorttermrentals #airbnbhost
Summary
Jorge Contreras grew his short-term rental portfolio to over $100k per month by starting with 4 properties he owned in 2017. In 2019, he implemented the arbitrage model, where he rented properties, got written permission from the owners, and listed them as short-term rentals. This allowed him to grow his capital quickly and then begin to purchase millions of dollars worth of single-family homes.
More from Growth & Marketing
Countries are simplifying visa processes to attract Indian tourists, a rapidly growing outbound tourism market. France is offering visa-free airport transit and simplifying visa procedures for students, while Armenia allows visa-free entry for Indian passport holders with valid permits. These developments could indirectly boost STR demand in these destinations.
Airbnb introduces Reserve Now, Pay Later, allowing guests worldwide with moderate or flexible cancellation policies to book without immediate payment. This flexibility, already successful in the U.S., targets group trips and budget-conscious travelers, driven by new data showing demand for flexible payment options in Asia Pacific. This innovation complements existing payment options to boost bookings.
This Skift article highlights Airbnb's experimental airport pickup service, raising speculation about potential future ventures. The platform's expansion beyond accommodations may signal a broader move into travel services, possibly including flights. This could significantly impact the STR landscape by integrating transportation and lodging.
Curated by Learn STR by GoStudioM