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13 February 2025 | 95 replies
I would think most cities have such a facility, there may be a small charge for clean up but it doesn't have to be at some hotel convention center at $500 or $1,000 a pop!
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8 January 2025 | 14 replies
They are coming to your property if you allow them or not (you cannot forbid service animals) Consider the facts: https://www.dogster.com/statistics/pet-travel-statistics-tre....Top 12 Pet Travel Statistics78% of American pet owners travel with their pets each year.54% of cat and dog owners plan to travel with their pet.58% of people would prefer to travel with their pet over a friend or family member.52% of travelers base their travel plans on accommodating pets.About 75% of luxury, mid-scale, and economy hotels allow pets.In 2019, a total of 404,556 animals were transported by airline.Nearly 64% of travelers prefer to travel with pets by car.42.9% of people look for a destination with hiking and fresh air for pet travel.Dogs make up 58% of the pets traveling around the world.37% of owners take shorter vacations because of their pets.10% of travelers have hidden their dogs to travel.27% of dog owners go the extra mile for their pets.
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4 January 2025 | 11 replies
My lease has a sublet fee (2 weeks is guest by lease more than 2 weeks in a year is sublet) that is costly enough ($100/night per person which is about what a cheaper hotel is here) that makes sure tenants do not have others move-in without informing us.
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23 January 2025 | 56 replies
Not the typical 2 hour hotel room seminar with high pressure sales reps asking for credit cards etc.
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2 January 2025 | 7 replies
People seem more angry with Airbnb and VRBO but ultimately, guests still see more value in them than hotels so the question will be if new entrants (or existing platforms like BDC) will continue to invest in the STR space (e.g.
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8 February 2025 | 49 replies
.- As your portfolio grows, reinvest profits into larger multifamily, co-living spaces, or boutique hotels for traveling professionals.Final Thought: Real Estate Is About Ownership, But Business Is About ScaleIf you want to quit your corporate job and transition into real estate full-time, owning a few rental properties isn’t enough.
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22 January 2025 | 203 replies
I suspect this will increase as the people who lost homes do not want to live in hotels and, as the high season approaches, the hotels will be less inclined to provide reduced rates to the fire victims.I hope no one from out of state decides to move to San Diego until this housing situation is stabilized.i wish all the fire victims the best and success finding replacement housing.
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2 January 2025 | 12 replies
We stayed at a STR last summer with many homeless around it but it is also near some upscale hotels.
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2 January 2025 | 30 replies
(I also have a small hotel near the airport so great guess!)
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19 January 2025 | 269 replies
Revenue (USD)1,5046429991,2451,6872,3843,6346,059Revenue 2021:MarketBedroomStudio1 Bedroom2 Bedroom3 Bedroom4 Bedroom5+ BedroomLowest monthly revenue4781551262994855678381,220Highest monthly revenue3,7021,7822,4023,2614,2265,9607,58113,008Top listings by revenue (2021) by typeBedroom (USD):26,267 - www.airbnb.com/rooms/4194669920,739 - www.airbnb.com/rooms/41933482Studio (USD):15,938 - www.airbnb.com/rooms/877259715,513 - www.airbnb.com/rooms/4372084215,505 - www.airbnb.com/rooms/437125351 Bedroom (USD)46,729 - www.airbnb.com/rooms/4371253541,631 - www.airbnb.com/rooms/4473623034,878 - www.airbnb.com/rooms/437125352 Bedroom (USD)46,764 - www.airbnb.com/rooms/4474057646,753 - www.airbnb.com/rooms/2794866646,568 - www.airbnb.com/rooms/352304833 Bedroom (USD)65,067 - www.airbnb.com/rooms/3016841862,927 - www.airbnb.com/rooms/3092969360,572 - www.airbnb.com/rooms/79445974 Bedroom (USD)95,798 - www.airbnb.com/rooms/461402578,379 - www.airbnb.com/rooms/2168099972,150 - www.airbnb.com/rooms/23319248+ 5 Bedroom (USD)71,752 - www.airbnb.com/rooms/3585985153,277 - www.airbnb.com/rooms/541379926,563 - www.airbnb.com/rooms/5281704Other market info- Average selling price m2: 2.680 EUR- Average transaction value: 155K EUR- Average rent (long term) per m2: 4.9 EUR/m2The numbers were collected from a pricing software that we use to manage the pricing of apart-hotel units we operate.With this information I was able to calculate the maximum I would be able to pay for property (including works, buying costs, etc), to have an edge for a positive cash on cash return.