5 Takeaways from the STR Summit

[Sloane Kraftsow]

Hi! I am currently attending the STR Summit in Austin, Texas, and I just listened to guest speaker Nancy Rodriguez from Love is Blind. Nancy gave an exciting and informational session on the difference between short-term and mid-term rentals where she compared real estate to dating!

Here are three of my takeaways from Nancy's presentation!

1. Remember the "Who?"

Who is staying at the property? For example, if it out of town guests, it is most likely a short-term rental. Short-term rentals typically refer to stays that last a few days to a few weeks. This fundamental difference in duration can impact various aspects of the rental property such as pricing and target audience.

2. Remember the "What?" 

What type of property is it? 

3. And lastly remember the "where?"

Where is the property located? For example, if it is in a vacation hot spot, it is more likely to be a short-term rental.

In conclusion, the STR summit in Austin provided valuable insight into the key differences between short-term and mid-term rentals!