🏠3 Top Short Term Rental Opportunities + News & HowTo's | #025

Today’s Insights

• Top Investment Properties

• Knowledge Rundown: 3 Part Series on Building a Sustainable Short-Term Rental Business - Part 2: Sustainable Operations

• Hot News: The Olympics Are Coming to Los Angeles in 2028: How This Could Affect the City—and Its Real Estate

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

New Releases

17260 Krinn Unger Keck Rd, Logan, OH 43138

MOVE UP to your own personal log cabin tucked into a stunning wooded ravine in the heart of Hocking Hills. This cabin has it all.....an A+ location 5 miles from Old Man's Cave, the tranquility that cabin owners and vacationers desire, interior cabin decor and furnishings that stay with the cabin, and tremendous income already established and rolling in monthly. This is a two bedroom, one bath authentic log cabin with a two story family room complete with stone fireplace. Recent updates include interior refinishing of the wood floors, exterior power washing and staining, roof replaced 2 years ago, and hot tub just three years old. This would make a wonderful personal getaway, short term rental with excellent income potential, or both.

🏠Quick Stats:

• $499,750

• 2 BR / 1 BA

• 912 sq/ft

💰Projections:

• Average Daily Rate: $300

• Occupancy Rate: 49%

• Projected Revenue: $53,800/yr

• Projected Operating Expenses: $13,500/yr

• Projected Net Operating Income: $40,400/yr

• Projected Gross Yield: 10.8%

Price Reduction

42065 Twilight Rd, Onamia, MN 56359

Breath taking panoramic lake views! Enjoy a cup of coffee and watch the sunrise over the lake from the large lakeside deck. This three bedroom two bathroom open floorplan offers vaulted tongue and groove pine ceilings with six panel pine doors, spacious custom kitchen with walk in pantry. This year around home offers all main floor living with oversized windows allowing natural sunlight and beautiful lake views throughout the home. Home built in 2017 with new upgraded appliances in 2022 and new roof and carpeting in 2024. This home is in new condition and a must see!

🏠Quick Stats:

• $399,900

• 3 BR / 2 BA

• 1,620 sq/ft

💰Projections:

• Average Daily Rate: $284

• Occupancy Rate: 40%

• Projected Revenue: $41,200/yr

• Projected Operating Expenses: $15,200/yr

• Projected Net Operating Income: $26,000/yr

• Projected Gross Yield: 10.3%

Over 90 Days + Price Reduction

1090 Gun Club Rd NW, Atlanta, GA 30318

Beautifully remodeled 5/3 + bonus room! This home has tons of curb appeal with cement siding and a covered front porch. Inside it has a wonderful open floor plan and gorgeous wood flooring. The kitchen has timeless white cabinets, stainless steel appliances, and stunning quartz countertops. The kitchen overlooks both the dining and living areas and this is the perfect layout for entertaining! There is a deck in the back perfect for morning coffee, evening wine, or extra space for guests to get a breath of fresh air and a gorgeous nature view. The master bedroom and bathroom are on the main level along with 2 additional bedrooms plus a guest bathroom and then there are two additional bedrooms, a bonus room, and full bathroom on the upper level. The bathrooms have been completely renovated with quartz vanities and charming modern subway tile. There is nothing left to update on this one, just move in and enjoy your beautiful home! HVAC and roof have both been replaced in the last 3 years.

🏠Quick Stats:

• $385,000

• 5 BR / 3 BA

• 2,662 sq/ft

💰Projections:

• Average Daily Rate: $371

• Occupancy Rate: 64%

• Projected Revenue: $87,100/yr

• Projected Operating Expenses: $26,000/yr

• Projected Net Operating Income: $61,100/yr

• Projected Gross Yield: 22.6%

Knowledge Rundown

Building a Sustainable Short-Term Rental Business

Part 2: Sustainable Operations

Running a Green Machine in the Short-Term Rental World

Alright, team green, let’s talk about the day-to-day of running a short-term rental that’s as kind to the planet as it is to your wallet. We’re not just talking about slapping a recycling bin in the kitchen and calling it a day. No, no, no. We’re talking about creating a well-oiled, eco-friendly machine that runs so smoothly and sustainably that even Mother Nature would give you a high-five. Ready? Let’s dive in.

Waste Reduction: Less Trash, More Cash

First up, waste reduction. This is the low-hanging fruit of sustainable operations – and trust me, it’s easier than you think.

Start with the basics: recycling. Make it easy for your guests to recycle by clearly labeling bins for paper, plastics, and glass. If you want to go the extra mile, include a small compost bin in the kitchen for food scraps. You can use that compost to fertilize your garden or even just give it back to nature.

Next, consider your consumables. Instead of single-use items like plastic bottles or individually wrapped toiletries, opt for bulk dispensers. For example, provide refillable soap and shampoo dispensers in the bathroom. Not only does this cut down on plastic waste, but it also looks way more sophisticated.

And let’s talk about paper. Yes, I’m looking at you, paper towels. Consider switching to reusable cloths for cleaning and drying. They’re more durable, cost-effective in the long run, and don’t end up in a landfill after one use.

Eco-Friendly Cleaning: Keeping It Green and Clean

Cleaning your rental is a necessary evil, but it doesn’t have to be an environmental disaster. Enter eco-friendly cleaning – because your rental should be spotless without leaving behind a toxic trail.

First, swap out those chemical-laden cleaning products for green alternatives. Look for products that are biodegradable, non-toxic, and free from harsh chemicals. Brands like Seventh Generation, Method, and Mrs. Meyer’s are great places to start.

But why stop at store-bought solutions? You can actually make your own cleaning products using simple ingredients like vinegar, baking soda, and essential oils. They’re effective, cheap, and way better for the environment.

Also, think about your cleaning tools. Use microfiber cloths instead of paper towels, and consider mops and brooms made from recycled materials. And for those of you really committed to the cause, switch to reusable vacuum bags – they cut down on waste and save you money over time.

Guest Guidelines: Enlisting Your Guests in the Green Mission

Now, let’s talk about getting your guests involved. The more they’re on board with your sustainability efforts, the better your results will be. Plus, guests love feeling like they’re contributing to a good cause.

Create a simple, friendly guide that outlines your property’s green practices. Include tips on how they can reduce their energy and water usage during their stay – like turning off lights when they leave a room, using the dishwasher only when it’s full, or taking shorter showers.

Provide information on local recycling facilities or composting options, so guests know where to put their waste. And consider leaving a note encouraging them to participate in your waste reduction efforts. A little nudge can go a long way.

If your rental has some awesome eco-friendly features – like solar panels or a rainwater harvesting system – let your guests know! Not only does it show off your commitment to sustainability, but it also makes them more likely to respect and appreciate your efforts.

Putting It All Together

So, what’s the key to sustainable operations? It’s all about making small, smart changes that add up to a big impact. By focusing on waste reduction, using eco-friendly cleaning products, and enlisting your guests in your green mission, you’re not just running a rental – you’re running a green machine.

Remember, sustainability isn’t a one-time thing – it’s an ongoing commitment. But with each small step, you’re creating a better environment for your guests and the planet. Plus, you’ll likely save some money in the process. So go ahead, make your rental a beacon of sustainability, and feel good knowing you’re making a difference every single day.

Hot News

The Olympics Are Coming to Los Angeles in 2028: How This Could Affect the City—and Its Real Estate

Now that the Paris 2024 Summer Olympic Games wrapped up over the weekend, people are already looking ahead to the next Summer Olympics, which will be held in Los Angeles in July 2028.

This will be the third time the City of Angels has hosted the event—but the last time was four decades ago, in 1984.

Preparations are already underway to get L.A. in shape for the many millions who will attend. In particular, how will this city unsnarl the traffic jams its infamous for? Apparently by making this Olympics a “no-car games.”

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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