Strategically investing in properties and locations that align with the preferences and booking patterns of the defined target market to maximize returns.
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Glossary Term: Property Acquisition
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A legally binding contract between a buyer and a seller that outlines the terms and conditions for the purchase of a property, often used by investors looking to acquire properties specifically for short-term rentals.
The actual price paid to acquire a property, including closing costs and other associated expenses. This is a crucial factor in calculating investment returns for short-term rentals.
A property owner eager to sell quickly, potentially offering a discounted price, which could be an opportunity for investors looking to acquire short-term rentals.
The upfront costs associated with acquiring and setting up a short-term rental property, including purchase price, renovations, furnishings, and initial marketing expenses.
A business expansion strategy for short-term rental management companies that focuses on organic growth through reinvesting profits, acquiring new properties, and expanding into new markets.
A plan for growing a short-term rental business on Airbnb, which may involve acquiring more properties, listing on additional platforms, or targeting new guest segments.
An initial payment made when purchasing an investment property for short-term rentals, typically a percentage of the total purchase price.