Post by account_disabled on Nov 30, 2023 4:40:47 GMT
As expected, opportunity in the post-COVID market has shifted. And so far it seems clear that it’s shifted in favor of property owners and real estate investors. As the demand for shorter-term stays and flexible accommodations continues to climb, anyone with an address—whether it’s a full vacation home or just a spare bedroom—is well-positioned to capitalize on the trend. When it comes to short-term rental demand, there’s virtually no end in sight.
Further, there’s no supply in sight. The CEO of Airbnb, Brian Chesky, has announced that roughly 1 million hosts would be needed to fulfill the market demand. This is particularly true in multifamily Country Email List real estate, a category 65% of Airbnb properties belong. Multifamily buildings with 40 doors or less have seen some of the best returns so far.
Low risk and high reward awaits any real estate owner, whether it’s an at-home, hands-on operation or a full scale, multi-property portfolio. But in either case, data, marketing, and automation are an owner’s best friend. Old marketing techniques will miss the shifts in demand, and a failure to automate the labor-intensive turnover process—particularly with shorter term rentals—can make a real estate investment go south. With proper planning, preparation, and a few manageable investments, property owners can feel confident that they’ve positioned their rental properly for post-COVID success.
Further, there’s no supply in sight. The CEO of Airbnb, Brian Chesky, has announced that roughly 1 million hosts would be needed to fulfill the market demand. This is particularly true in multifamily Country Email List real estate, a category 65% of Airbnb properties belong. Multifamily buildings with 40 doors or less have seen some of the best returns so far.
Low risk and high reward awaits any real estate owner, whether it’s an at-home, hands-on operation or a full scale, multi-property portfolio. But in either case, data, marketing, and automation are an owner’s best friend. Old marketing techniques will miss the shifts in demand, and a failure to automate the labor-intensive turnover process—particularly with shorter term rentals—can make a real estate investment go south. With proper planning, preparation, and a few manageable investments, property owners can feel confident that they’ve positioned their rental properly for post-COVID success.