🏠3 Top Short Term Rental Opportunities + News & HowTo's | #024

Today’s Insights

• Top Investment Properties

• Knowledge Rundown: 3 Part Series on Building a Sustainable Short-Term Rental Business - Part 1: Sustainable Design and Renovations

• Hot News: America’s 10 Safest Communities Are Not Where You Think—Especially No. 1

• Productivity: 5 Short Term Rental Tools to boost your productivity for Navigating the Business Side of Short Term Rentals.

New Releases

27441 Canal Rd, Orange Beach, AL 36561

Welcome to Orange Beach and this 3BR / 2.5 BA Gold Fortified Home! Located in a HIGHLY DESIRABLE AREA, this home is just past the Orange Beach Community Center/ Fitness Center & the City Pool/ Tennis Courts! It's located just around the corner from the Orange Beach Elementary School & the City Community Garden is located behind this home. It's a GOLF CART FRIENDLY AREA and you'll love the easy access to it all! This 2-story home features the living room, kitchen, dining room and a half bathroom on the main level- with wood style Luxury Vinyl Floors. From the living room, you'll access great OUTDOOR LIVING SPACE with the FULLY FENCED BACKYARD, PATIO, 238 sq. foot WOODEN DECK & outdoor shower. Upstairs you'll find the primary bedroom with a private balcony, the second & third bedrooms, and second bathroom. The beautifully designed interior features 9 ft. ceilings, granite countertops, custom painted cabinets, stainless appliances, and so much more. This home is just minutes from the beautiful beaches! NO HOA RESTRICTIONS.

🏠Quick Stats:

• $454,000

• 3 BR / 3 BA

• 1,856 sq/ft

💰Projections:

• Average Daily Rate: $332

• Occupancy Rate: 46%

• Projected Revenue: $55,200/yr

• Projected Operating Expenses: $20,200/yr

• Projected Net Operating Income: $35,000/yr

• Projected Gross Yield: 12.2%

Price Reduction

48 S Avondale Ave, Columbus, OH 43222

Beautifully restored with ALL the extras! Built in 1910 this house was once home to the grandmother of the famous Anthony Thomas chocolate company. Renovated in 2018 and meticulously maintained since. 3 floors of top quality finishes, high ceilings, lots of natural light and the latest smart home tech. Huge kitchen with 42'' White shaker cabinets and granite island, 3 very large bedrooms with oversized closets and 2nd floor laundry room. Relax on the 2nd floor balcony with views of the downtown skyline. Bonus features include large front porch, screened back porch, and whole-home smart technology. **Future value-ad and income potential with an oversized 2-car garage (2018) framed for a future carriage house on top, roughed-in plumbing, sewage and electric. Don't miss this one!

🏠Quick Stats:

• $369,900

• 3 BR / 3 BA

• 1,872 sq/ft

💰Projections:

• Average Daily Rate: $291

• Occupancy Rate: 51%

• Projected Revenue: $54,300/yr

• Projected Operating Expenses: $16,400/yr

• Projected Net Operating Income: $37,800/yr

• Projected Gross Yield: 14.7%

Over 90 Days + Price Reduction

3176 Cherry Ridge Rd, Bushkill, PA 18324

TURNKEY & CHARMING CHALET WITH MOUNTAIN VIEWS What you See is What you Get, Its Ready to Move Right In. This 3 Bed & 2 Bath Home has Many Desirable Features such as: Ductless Heating & AC, Wood Burning Fireplace keeps You Cozy & Warm, Updated Kitchen, Quartz Counters & Tile Backsplash, Unique Light Fixtures, Exposed Wood Beam Ceilings, 1st Floor Bed & Beautifully Updated Bath. Massive Screened Porch, Huge Decking Area & Large Utility Shed to Name a Few. All Located in a 4 Season Community, Amenities Include Indoor/Outdoor Swimming, Indoor/Outdoor Tennis, Fitness Center, 2 Skiing Trails (they Make their Own Snow) 2 Lakes, Beach Area, Fishing Dock, Boats, Racquetball CT, Indoor/Outdoor Basketball CTs, Baseball Field, Playgrounds, Ice Skating & Full Restaurant / Bar. Come See For Yourself

🏠Quick Stats:

• $273,500

• 3 BR / 2 BA

• 1,008 sq/ft

💰Projections:

• Average Daily Rate: $290

• Occupancy Rate: 40%

• Projected Revenue: $42,300/yr

• Projected Operating Expenses: $13,400/yr

• Projected Net Operating Income: $28,800/yr

• Projected Gross Yield: 15.5%

Knowledge Rundown

Building a Sustainable Short-Term Rental Business

Part 1: Sustainable Design and Renovations

Building the Future of Short-Term Rentals

Alright, let’s dive into something that’s not just good for your wallet, but also for the planet: sustainable design and renovations. If you’re thinking this sounds like a hippie dream of living in a yurt, think again. We’re talking about making smart, eco-friendly choices that make your rental more attractive, save you money in the long run, and give you that warm, fuzzy feeling of doing something good for Mother Earth. So, grab your toolbelt and let’s get to work.

Eco-Friendly Materials: The Foundation of Green Design

First up, let’s talk materials. Think of sustainable materials as the superheroes of the building world – they’re strong, versatile, and they don’t leave a giant carbon footprint wherever they go.

Start with the basics: wood. But not just any wood. Look for reclaimed or FSC-certified wood, which means it comes from responsibly managed forests. This isn’t just about saving trees – reclaimed wood also adds a unique, rustic charm to your space that new materials just can’t replicate.

Then there’s bamboo, the Usain Bolt of the plant world. It grows super fast, making it a highly renewable resource. Bamboo flooring or countertops are durable, stylish, and make a statement that you’re serious about sustainability.

For paint, go for low or zero-VOC (Volatile Organic Compounds) options. These paints don’t emit harmful chemicals, meaning your rental’s indoor air quality stays clean and fresh. Plus, you won’t have to deal with that awful “new paint” smell.

Energy Efficiency: Saving the Planet and Your Money

Next, let’s talk energy efficiency – the gift that keeps on giving. Imagine your rental is a sponge, soaking up energy. Our job is to squeeze out all the waste and keep it lean and green.

Start with insulation. Good insulation is like wrapping your rental in a cozy blanket, keeping it warm in the winter and cool in the summer without cranking up the heat or AC. Consider eco-friendly insulation options like cellulose (made from recycled paper) or sheep’s wool, which is naturally insulating and sustainable.

Windows are another biggie. If you’ve got old, drafty windows, it’s like leaving your fridge door open all day. Upgrade to double or triple-pane windows to keep the elements out and your energy bills down. If replacing windows isn’t in the budget, even adding heavy-duty weather stripping can make a big difference.

Now, let’s talk about the unsung heroes of energy efficiency – your appliances. Energy Star-rated appliances use less electricity and water, saving you money and reducing your environmental impact. Consider going for LED lighting throughout the property too – they use a fraction of the energy of traditional bulbs and last much longer.

Water Conservation: Every Drop Counts

Last but not least, water conservation. Water might seem abundant, but wasting it is a big no-no in the sustainability playbook.

Start with low-flow fixtures. Low-flow showerheads, faucets, and toilets can reduce your water usage by up to 50%. That’s not just good for the planet – it’s good for your water bill too.

If you’ve got outdoor space, consider installing a rainwater harvesting system. It’s like putting your property on Mother Nature’s payroll. Use collected rainwater for irrigation, cutting down on your reliance on municipal water supplies.

And don’t forget the landscaping. Choose native plants that are adapted to your climate, so they need less water and maintenance. It’s like having a self-sustaining garden that looks great and doesn’t guzzle water.

Putting It All Together

So, what’s the takeaway? Sustainable design and renovations aren’t just about being a good human – they’re about creating a more attractive, efficient, and cost-effective rental. By choosing eco-friendly materials, focusing on energy efficiency, and conserving water, you’re not just building a better rental – you’re building a better future.

Plus, let’s be honest – when you can boast about your eco-friendly, energy-efficient, sustainably-designed rental, it’s a pretty great marketing angle. Guests love staying somewhere that aligns with their values, and you get to feel good about making a difference. So go ahead, channel your inner green architect, and start building that sustainable rental of your dreams.

Hot News

America’s 10 Safest Communities Are Not Where You Think—Especially No. 1

Think metropolitan areas aren’t as safe as rural communities? Guess again.

According to this year’s U.S. News & World Report rankings of the safest counties in the U.S., nine city-adjacent areas made the list.

These include eight from the metro sections of New York and New Jersey such as Bergen County in the Garden State and the New York counties of Queens, Suffolk, Kings, and Westchester.

Continue Reading → Here

Productivity

5 Short Term Rental Tools to Supercharge Your Productivity for Navigating the Business Side of Short Term Rentals

1. Guestly: This platform streamlines operations with features like automated messaging, dynamic pricing, and channel management.

2. QuickBooks: Efficiently manage income, expenses, taxes, and generate financial reports to understand your business's performance.

3. Smoobu: Streamline communication with guests, automate messages, and manage inquiries efficiently.

4. Beyond Pricing: Optimize your rental rates based on market demand, seasonality, and competitor pricing.

5. Jobber: Efficiently schedule cleanings, maintenance, and repairs, ensuring your property is always ready for guests.

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