STR hosts: How to succeed in 2022
Summary
AI-generatedThis video explains how to navigate the changing short-term rental market in 2022 and beyond. It advises hosts to underwrite deals based on 2019 data rather than 2021's peak performance to ensure profitability in a more normalized market.
Key insights
The return of international travel, such as to Europe, is drawing demand away from domestic destinations that boomed during pandemic travel restrictions.
Mistakes to avoid
Using 2021 historical performance data to underwrite 2022 deals is a significant mistake, as it fails to account for market normalization and could lead to financial losses.
Tools & resources
Get Started on Airbnbcourse
Richard's 'Get Started on Airbnb' resource provides guidance for new hosts.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial