We Went $1,000,000 Over Budget… And I’d Do It Again

517 viewsPublished: February 4, 202621m 12sScore: 90
Growth & Marketing
intermediate
short-term rental
STR
real estate investing
property renovation
marketability

Summary

This video discusses a short-term rental property that went significantly over budget during renovation, but the hosts believe it was a worthwhile investment. They emphasize focusing on marketability and appreciation rather than just amenities, highlighting how strategic upgrades like views and unique features can drive value and appeal. The episode also touches on the importance of considering multiple exit strategies when investing in properties.

Related Videos

More from Growth & Marketing

Lake.com launches subscription model with zero-commission option for hosts

Lake.com launches new subscription tiers to offer hosts more flexibility. The Premium plan costs $499 annually for one featured listing with direct booking. The Portfolio plan at $3,999 per year supports up to 10 listings and includes marketing exposure. Hosts can now choose commission-based or annual fee structures, aiming to give greater control over pricing and distribution.

1 day ago78
Melissa McCarthy Was a Live Wire in Jack Black's "Airbnb Superhost" SNL Sketch - AOL.com

This AOL article discusses a Saturday Night Live (SNL) sketch featuring Melissa McCarthy as an "Airbnb Superhost." While the article itself isn't directly related to Airbnb hosting best practices, it provides a pop-culture reference to the STR industry and highlights brand awareness. The sketch is part of the growth and marketing of Airbnb's brand recognition.

2 days ago65
Despite an 80% jump in searches, Raymore short-term rental hosts still lack World Cup bookings - KSHB 41 Kansas City

Despite an 80% surge in searches, Raymore, MO, short-term rental hosts haven't seen corresponding World Cup bookings. This indicates a disconnect between interest and actual reservations. Hosts need to examine their pricing and marketing strategies to capture this opportunity.

2 days agoRaymore, MO75

Curated by Learn STR by GoStudioM