The hospitality industry has seen a shift in recent years with the rise of short-term rentals. Platforms like Airbnb and Vrbo have transformed how travelers choose accommodations, with many preferring the comfort and uniqueness of private homes. One key decision for hosts is whether to allow pets in their rentals. Here, we delve into the advantages and disadvantages of such a policy. (more…)
Scams are a common problem in many different areas of real estate and short-term rentals are no exception. In this article, we cover one of the most common scams involving short-term rentals. By increasing your awareness of the existence of these scams and helping you be able to spot the telltale signs, our hope is that we’ll be able to prevent scammers from taking your money! (more…)
If you’re thinking about buying a short-term rental as an investment but feeling stuck because you don’t have the money, learn how to buy one with no money down! In this article, we show you how one of our students bought a short-term rental with no money down. How did she do it? It wasn’t just one thing. She executed on multiple fronts at the same time. Something she learned in just a short time by taking our real estate courses and then going out and taking action! (more…)
Summary: What is the best market for investing in a short-term rental in 2023? That’s the burning question for many who are looking to break into the market with their first purchase or for those looking to grow their portfolios. We know there are a lot of lists out there and none are perfect for selecting the best market. What we like to do when selecting a market is to triangulate the data from multiple sources to inform our decision. Our market list is different from some of the other lists because we developed it based on where the members of our community have chosen to invest and insights from them about what is actually happening in the market. (more…)
Summary: Is now a good time to buy a short-term rental? This is a question we hear a lot from prospective students of our short-term rental course. What’s the answer? We don’t know what the answer is for you, but what we do know is that you don’t want to let emotions decide for you. Because if you do, it’s probably going to stop you from reaching your full potential and getting what you want out of life. (more…)
Summary: Short-term rental arbitrage is a strategy to get into the short-term rental game and generate additional income. While it can be a source of extra income, it’s not a wealth-building strategy. Ultimately, if your goal is to get rich with short-term rental arbitrage, you’d be better off buying and operating your own short-term rental. (more…)
Summary: Have you ever thought about alternative ways to rent out your vacation rental? One of our STR properties was recently booked for a photo shoot. This is one example of a unique booking that goes outside of the typical booking for vacation or business travel. In this article, we will discuss several alternative ways to rent out your vacation rental. So you can decide if this is right for your property! (more…)
Summary: Learn how to boost Your Vacation Rental Income with email marketing! Utilizing email marketing to get direct bookings is a frequently overlooked method of advertising your vacation rental property. Email marketing will enable you to email previous guests with specifically tailored offers to fill open dates in your calendar. Email marketing is also a way for you to build a good client base and develop relationships with your guests. [Disclaimer: We are not accountants, lawyers or financial advisors, so please consult your own team of professionals about the topics covered in this article.] This post contains affiliate links, which means that if you choose to make a purchase, we will earn a commission at no additional cost to you. Please do not spend any money on these products unless…
Summary: Is the market too hot to invest in real estate? This is a question that we get all the time! The answer is, there is no such thing as “too hot” to invest! In fact, investing in real estate when the market is hot just gives you more opportunities to better your investing skills. You will be forced to learn how to compete at an even higher level and seek out the best deals possible! (more…)
Summary: In this article we are going to discuss how to make your vacation rental stand out and why it’s important! You want your property to not only be the one that guests choose time and time again, but the one they rave about to family and friends. Make your property the jewel that stands out, no matter where it is located! (more…)