A Landlord, A Realtor and a Numbers Guy Walk Into A Bar | Short Term Rental Management
Summary
AI-generatedThis discussion recaps 2023 short-term rental performance, highlighting market resilience despite economic shifts. Hosts will learn about factors influencing revenue, common pitfalls like over-leveraging, and strategies for success in an evolving market.
Key insights
The housing market experienced a significant drop in sales volume in 2023, down approximately 50% from its 2021 peak, indicating a recession in housing sales even without major price declines.
Mistakes to avoid
Purchasing properties on the 'wrong side' of a geographical feature (like a bay) or in areas with strict short-term rental permit limitations can lead to poor rental performance, even if the general location is listed as desirable.
Tools & resources
The Short Term Shopservice
The Short Term Shop offers services to help find and purchase short-term rental properties, with experienced realtors who often own their own properties.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial