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Short-term rentals offer various benefits that traditional long-term leasing does not. Most notably: - Higher Potential Revenue: Short-term rentals can yield significantly higher returns than long-term rentals, especially in tourist-friendly or highly trafficked urban areas. - Flexibility: Owners have the flexibility to adjust pricing based on seasonality or demand and can use the property themselves when it's not rented out. - Market Reach: Platforms like Airbnb have a vast user base, providing exposure to a worldwide audience, which might be more challenging to tap into through traditional property rental models. Before you leap into the short-term rental market, here's what you need to consider: - Legalities & Regulations: Review local laws regarding short-term rentals, as some regions have strict regulations or require special permits and licenses. - Initial Investment: Furnishing and upgrading your property to attract guests may require an upfront investment. Aim for a clean, welcoming atmosphere with all the needed amenities. - Marketing Your Space: Good photography and compelling descriptions can set your listing apart. Think about what makes your space unique and highlight those features. - Pricing Strategy: Research comparable listings in your area to find a competitive rate. Utilize dynamic pricing tools offered by booking platforms to adjust rates according to peak seasons and local events. - Guest Experience: Successful short-term rental owners know the importance of strong communication and a seamless check-in/check-out process. Consider providing a guidebook with local tips to enhance your guests' experience. Looking to expand your knowledge on real estate investment? Follow us for more insights and advice on making smart property choices. 📞+971 50 744 4603 📧contact@altamimirealestate.com #RealEstateInvestment #ShortTermRentals #PropertyManagement

Short-term vs long-term rentals: what’s the best fit for your investment? When choosing between short-term and long-term rentals, it’s all about balance. Short-term rentals (like Airbnb) can bring in higher returns but come with increased costs. You’ll need to manage utilities, regular cleaning, and furnishing, and don’t forget about potential strata restrictions. On the flip side, long-term rentals offer consistent income with far less maintenance. Tenants cover their own utilities, and the wear and tear on your property is much lower. Plus, no worrying about the constant turnover of guests. If you're after a hands-off, stable investment, long-term leasing is likely the way to go. But if you’ve got a property in a prime tourist spot and don't mind more involvement, short-term rentals could work for you. Not sure what’s best for your property? Call us today to discuss your options!

🏠 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

Maximizing Rental Income: Property Owner Tips - Read to learn the secrets to maximizing rental income with expert strategies on dynamic pricing, value-adding amenities, and energy-efficient upgrades. https://hubs.li/Q02s_w8W0

𝗨𝗻𝗹𝗼𝗰𝗸 𝗛𝗶𝗴𝗵𝗲𝗿 𝗜𝗻𝗰𝗼𝗺𝗲 𝘄𝗶𝘁𝗵 𝗦𝗵𝗼𝗿𝘁-𝗧𝗲𝗿𝗺 𝗥𝗲𝗻𝘁𝗮𝗹𝘀 Are you a real estate agent looking to significantly boost your income? Short-term rentals (STRs) offer a lucrative opportunity that could be your golden ticket. From entire homes to unique stays, STRs allow you to maximize your revenue and offer diverse accommodation options to your clients. Dive into the world of STRs and discover how to capitalize on this growing market. 👉 Discover more in our latest guide: https://lnkd.in/edcQXxad

🏔️ Navigating the Park City rental market? Whether you’re an investor, property owner, or looking to rent in the area, staying informed is key! Please read our latest Q&A with Park City Rental Properties experts to learn about the latest trends, insights, and opportunities. Don't miss out on expert advice that could shape your next investment or move! 📈🏠 Read the full article here: https://lnkd.in/gMMJ3YcF

Is your property stuck in a rental rut? You’ve got the space, the location, and the potential—yet the bookings aren’t where they should be. You’re either juggling it all yourself or trusting an agency that treats your property like just another listing. Either way, you’re not getting the most out of your rental. Here’s how VI&CO can help: • Tailored market strategy: We don’t believe in one-size-fits-all. We customize our approach to fit your property’s unique strengths and daily check market trends to adjust your rates for maximum bookings and profit. • Beyond just a place to stay: Renters are searching for experiences. We create personalized stays, offering concierge services, local discounts, and unique touches that make your property stand out. • Owner-first focus: We treat your property like our own, giving you the peace of mind that your investment is being looked after with care and expertise. Our hands-on management approach has consistently doubled revenue for property owners while keeping occupancy rates near 100%. The best part? You don’t have to lift a finger. If you’re ready to see real results and free yourself from the stress of managing your property, let’s connect. We’ll show you how VI&CO can transform your rental into a high-performing asset.

Having multiple properties in a single area can give you insights that you would not be able to get elsewhere. For example, I have 8 properties on a lake. 4 we own -- 4 we manage. On an annualized basis the smaller properties (3 bedrooms and below) have higher occupancy numbers largely comprised of last minute bookings. However, at the moment their summer occupancies look like trash compared to the larger houses. Why is this? My hypothesis is that in the summer larger groups like to book trips in advance whereas a small family trip or couples getaway are still spur of the moment / last minute trips to this location. There is less seasonality in the last minute bookings for small groups compared to the multiple families who plan their annual vacation together 10 months in advance. Right now my highest occupancy property (small 2 bedroom a-frame) literally has no bookings in June. However, it didn't have bookings leading into February either when it had 75% occupancy versus 25% for the big properties. A lot of hosts would be scared and drop their prices to the floor. I am confident to hold my ground because I know the booking pattern for this property type. If it was a 6-bedroom house I'd be very concerned. I have another 3 bedroom house in another market with soft summer bookings where I have less data points. Because of that I am not really sure what to do. That property I prefer as a mid-term rental so I keep prices high with a heavy monthly discount to encourage the bookings I want. Will keep you posted on all these experiments!

Worried about short-term rental restrictions squeezing your profits? Don't be! New regulations are a reality, but they don't have to spell disaster for your short-term rental income. In our latest blog post, we unveil the truth about these restrictions and share 9 actionable tips to not only survive but thrive in this evolving market. Learn how to: 📈 Implement dynamic pricing strategies 🏡 Enhance your property's appeal to attract more guests 🌎 Market your rental to the right audience And much more! If you're a short-term rental owner or manager, this post is a must-read. Don't let restrictions hold you back – unlock your full earning potential! 👉 https://lnkd.in/ewrysKdz #shorttermrentals #propertymanagement #realestateinvesting #airbnb #rentalproperty #landlordtips #propertyowner

Unique features getcrib.co offers you when you list your properties or rent properties on our platform: Cutting Out the Middleman: We connects renters and property owners directly, eliminating agent fees and making the rental process more cost-effective. Clear Communication: Our platform facilitates direct communication between renters and property owners, reducing misunderstandings and streamlining the rental process. Efficient Property Management: We offers tools for tracking payments, handling maintenance requests, and managing tenant communications all in one place. Wide Range of Listings: Our platform provides a diverse selection of rental properties, from cozy bungalows to luxurious penthouses, in prime locations. User-Friendly Interface: Our platform is designed to be easy to use, making it simple for both renters and property owners to list, find, and manage properties For more information about how to get started, kindly visit www.getcrib.co #getcrib #propertymanagement #realestate