City Relay’s Post

🏠 CONSIDERATIONS FOR A SUCCESSFUL RENTAL PROPERTY 💰 : 1. Prepare your property: Once you decide to rent the property, it’s time to prepare it for guests. These may include cleaning, repairs or upgrades, and purchasing furniture or decor to create a comfortable and appealing living space. 2. Set your rental rates – research what your competitors are renting their properties for, and calculate your expenses, net cash flow, and cash on cash return to ensure the numbers work for you….see steps 3 and 4! 3. Know your rental expenses: Mortgage/Insurance Property Management Monthly Supplies Cleaning Utilities – Cable/Internet/Etc HOA Fees Booking fees Renovation/Furnishing/Start-up Costs 4. Determine your cash on cash return – Net cash flow (gross income – expenses) / Cash invested = COCR. Aim for 20-25% COCR, or if you plan to also use the property as your family’s vacation home, 5-20%. 5. Set up a booking platform: the most popular booking sites are Airbnb and Vrbo. Make sure you understand their fee structures. 6. Create an eye-catching listing: Your listing should include professional-quality photos of your property, a detailed description of the property and its amenities, pricing, and availability. 7. Hire a property management company #Vacasa if you do not plan to manage bookings, schedule cleanings, manage your guest communication, etc yourself. 8. Have a local contact or in-case-of-emergency plan – you can expect to hear from renters if something breaks or there is an emergency on-site. If you do not live nearby, have a local contact or system in place so that you may quickly assist your guests. Ready to get started or have more questions? I'm here to help! https://lnkd.in/gQWiAjKU

In theory, increased restrictions on short-term rental properties could make way for a long-term gain of residents who simply live at such dwellings, replacing renters who could treat the property poorly or carelessly. But the reality in places such as Narragansett, Rhode Island, which has proposed its own restrictions, is that such decisions may not work out as hoped, leaving the local economy in a tough spot. Thank you to Katie Howayeck for pointing out the potential damaging economic implications of short-term rental restrictions in our latest DE Insight. #realestateinvestors #realestateinvesting #vrbo #airbnb #shorttermrentals #shorttermrentalrestrictions #narragansett #rhodeisland https://lnkd.in/eMhq8UaU

I'm happy to share my article on the EisnerAmper website, where I explore the ongoing crackdown on short-term rentals in NYC. As the city tightens their regulations, property owners and investors face new challenges and opportunities. Discover the latest insights and how to stay ahead in this evolving market. #AirBnB #ShortTermRentals #RealEstate #Regulation

In theory, increased restrictions on short-term rental properties could make way for a long-term gain of residents who simply live at such dwellings, replacing renters who could treat the property poorly or carelessly. But the reality in places such as Narragansett, Rhode Island, which has proposed its own restrictions, is that such decisions may not work out as hoped, leaving the local economy in a tough spot. Thank you to DarrowEverett's Katie Howayeck for pointing out the potential damaging economic implications of short-term rental restrictions in our latest DE Insight. #realestateinvestors #realestateinvesting #vrbo #airbnb #shorttermrentals #shorttermrentalrestrictions #narragansett #rhodeisland

Here you have plenty of reasons why a homeowner in Madrid should consider renting their property for seasonal, corporate and furnished rental. Aquí tienes demasiadas razones (en ingles) de porque un #propietario de #vivienda en #Madrid debe considerar el #alquiler en #temporada a #empresas https://lnkd.in/dm3vK9EJ Information #rental for #investors and #homeowner in #Madrid

How long can someone stay at a property before they’re considered a tenant? Depends on the state. Read ahead to see how the rules apply to your short-term rental 🏡 https://lnkd.in/d_5jcd2T #RentalRegulations #LandlordLaws #HostResponsibly #KnowTheRules #ShortTermRental

As a New York City property owner, deciding how to rent out your space involves a critical choice: short-term rentals like furnished apartments, Airbnb, Vrbo, or traditional long-term leases. While financial gain is a priority, other factors like return on investment and workload also come into play. Both options offer distinct advantages and disadvantages, catering to different goals and risk tolerances. https://lnkd.in/e5kpdUJB #rentals #rent #realestate #landlord #newyorkcity #apartments

📈🏠 For the first time, the average rental price in the Canary Islands has exceeded 1,000 euros, with a significant 8% increase over the past year to an average of 1,110 euros, driven by a sharp reduction in available rental properties and sustained high demand. #canaryislands #realestate #rentals

Post for homeowners, landlords and investors in Madrid. From the 3 rental types, making it difficult to assess which is the most profitable option?. Permanent housing?, and temporary rentals? or touristic? However, there are significant differences in terms of profitability, flexibility, and risk. In this article, we provide an overview of the key factors that affect the rental yield in Madrid of these types of rentals so that, as a landlord, you can assess which one best suits your objectives. https://lnkd.in/dCa9DZ_2 #rental types in #Madrid; Permanent #housing , #temporary rentals or #touristic. This article is for #homeowner, #landlord or #RealEstate #investors

There are 3 rental types, each with its own characteristics making it difficult to assess which is the most profitable option. Permanent housing, and temporary rentals and touristic are all attractive options. However, there are significant differences in terms of profitability, flexibility, and risk. In this article, we provide an overview of the key factors that affect the rental yield in Madrid of these types of rentals so that, as a landlord, you can assess which one best suits your objectives. https://lnkd.in/dCa9DZ_2 #rental types in #Madrid; Permanent #housing , #temporary rentals or #touristic. This article is for #homeowner, #landlord or #RealEstate #investors