Short Term Rental Plan - 2023 and Beyond?

[Tyler Solomon]

As we round out the year, what are some of the things you all are doing to best position yourself in the short term rental space in 2023 and beyond. I have a few questions below, feel free to answer just one, or all of them! 

If you are a current/experienced STR operator - are you planning on expanding your portfolio over the next 12 months? What are your goals in scaling your properties? How do you plan to differentiate your listings from your competition?

If you are new to STR's - What is your plan to acquire your first STR? What are the biggest things holding you back from jumping in?

What is your bull case, and bear case for STR's in 2023?

Where do you see the most opportunity?

Where do you see the most saturation / markets prone to downside risk?

At Broad - what are you doing to best position yourself for the next 12 month?

Looking forward to your responses!

[Leslie Anne Morris]

I just added 2 STR in the last 3 months. I am building one also. My plan for 2023 is the same as prior years. If the numbers work, I like the look and feel of the property, it would be a good portfolio add - then I will continue to acquire properties.

I am also looking to scale my property management company but am being picky about who I want to work with. Not all owners and properties are created equal. We have goals around hospitality and client satisfaction, not just making a quick buck. Creation of jobs is also important to me and my STR portfolio has allowed all of this to be possible!

In 2023, I would like to see more women begin investing.  I am looking at ways and working on initiatives to make this possible.