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10 October 2024 | 24 replies
Who am I to block what someone else is destined to do?
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16 October 2024 | 25 replies
@Mohit KhannaAustin and Houston are ideal US investment destinations due to their tech hub status, strong housing demand, and diverse job sectors.
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8 October 2024 | 14 replies
My STRs are in a small destination mountain town and finding good cleaners is the #1 struggle.
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9 October 2024 | 9 replies
It's going to be a major destination for a long time.
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6 October 2024 | 26 replies
It’s also the thing that seems to make the Smokies really stand out as a rental destination (among many others): a long season.
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3 October 2024 | 16 replies
I live in ATL as well and am interested in getting a str up there, sevierville, or destin/pcb/30a area.For those outside the southeast, this is a huge destination for Atlanta metro residents.
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6 October 2024 | 12 replies
However, there are some challenges to keep in mind:Regulatory Variations: Regulations can vary widely between locations and are constantly evolving.Active Management: STRs require more hands-on management for guest turnover and communication.Additional Costs: Don’t forget about expenses for furnishings, cleaning, and possibly hiring a property manager.If you’re looking for STR-friendly areas, consider these locations, as others can be too expensive to consider, such as Snowmass Village or Aspen:Breckenridge: The most visited ski resort in North America, attracting around 3 million tourists each year.Steamboat Springs: A popular year-round destination for winter sports and summer activities.Keystone: Great for those wanting a less crowded resort experience.Divide & Florissant: Charming mountain towns close to Colorado Springs.Fairplay: Just 30 minutes south of Breckenridge, with an impressive 82% Airbnb occupancy rate.Cripple Creek: A former mining town now known for casinos and outdoor activities.Park County: Very Airbnb-friendly, though regulations may change.Here are some strategies to help you succeed in the STR market:Hybrid Model: Consider using some units for STRs and others for long-term rentals to balance income.Research Local Regulations: Always check the current rules in your target areas before investing.Year-Round Appeal: Focus on locations that attract visitors in all seasons.Quality Furnishings: Invest in quality to justify higher nightly rates and attract better guests.Dynamic Pricing: Use pricing strategies to maximize revenue during peak seasons while maintaining occupancy in the off-season.Stay Flexible: Be ready to adapt your strategy as the market and regulations change.While Colorado’s STR market offers exciting opportunities, it’s essential to approach it strategically.
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4 October 2024 | 13 replies
@Osvaldo GuerraAustin, TX, is a popular destination for small multifamily properties due to its booming economy, strong rental markets, and family-friendly environments.
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11 October 2024 | 30 replies
This is very much a driving destination and we get visitors from several different states because it is centrally located and most of them can be here in a half day drive.
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1 October 2024 | 7 replies
Ambergris Caye was the top tourist destination on Trip Advisor in 2013 and 2014.