The Impact of COVID-19 on Short-Term Rentals: Lessons Learned The COVID-19 pandemic has had a significant impact on the short-term rental (STR) industry. In this post, we’ll explore the impact of COVID-19 on STRs, including: The decline in travel and tourism The challenges faced by STR owners and managers The...
Monthly Archives: December 2023
Building a Profitable Short-Term Rental Business The short-term rental market is booming. In 2021, Airbnb hosts earned over \$110 billion in revenue. And with the rise of remote work, more and more people are looking for short-term rentals as a way to travel and work from anywhere. If you’re thinking...
Understanding the Tax Implications of Short-Term Rentals Short-term rentals (STRs) have become increasingly popular in recent years, as more and more people look for alternative ways to earn income from their properties. However, it’s important to be aware of the tax implications of owning and operating an STR before you...
Design Tips for Making Your Airbnb Stand Out Airbnb is a popular platform for people to list and rent out their homes to travelers. If you’re an Airbnb host, you want to make sure your listing stands out from the competition so that you can get more bookings. One of...
The Pros and Cons of Investing in Short-Term Rental Properties Short-term rental properties, such as Airbnbs and Vrbo rentals, have become increasingly popular in recent years. There are a number of reasons for this, including the rise of remote work and the increasing desire for flexibility and convenience. However, there...
How to Optimize Your VRBO Listing for Maximum Visibility As a vacation rental owner, you know that your listing is only as good as its visibility. If potential guests can’t find your property, they won’t be able to book it. That’s why it’s so important to optimize your VRBO listing...
The Future of Vacation Rentals: Trends to Watch in 2023 The vacation rental market is booming. In 2021, the global vacation rental market was valued at \$153 billion and is expected to grow to \$210 billion by 2027. This growth is being driven by a number of factors, including the...
Airbnb Hosting Tips: Creating Unforgettable Experiences Airbnb is a popular platform for people to list their homes for short-term rentals. If you’re thinking of becoming an Airbnb host, there are a few things you can do to make your listing stand out and create unforgettable experiences for your guests. 1....
Navigating Legal Challenges in Short-Term Rentals The short-term rental (STR) market is booming. In 2021, STRs generated an estimated $120 billion in revenue, and that number is expected to grow by double digits in the coming years. This growth has been driven by a number of factors, including the rise...
The Rise of Short-Term Rentals: Impact on Local Housing Markets Short-term rentals (STRs), also known as vacation rentals or Airbnbs, have become increasingly popular in recent years. In 2021, STRs accounted for an estimated 17% of all U.S. travel bookings, and this number is expected to continue to grow in...
The Role of Property Management in Affordable Housing Affordable housing is a critical issue in many communities across the United States. According to the National Low Income Housing Coalition, nearly 1 in 4 renters in the United States is spending more than half of their income on housing. This can...
How to Achieve Work-Life Balance in Property Management Property management is a demanding career that can often require long hours and a lot of dedication. It’s important to find ways to maintain a healthy work-life balance, so that you don’t burn yourself out. Here are a few tips for achieving...