🏠3 Top Short Term Rental Opportunities + News & HowTo's | #028

Today’s Insights

• Top Investment Properties

• Knowledge Rundown: 3 Part Series on Setting Up a New Airbnb: From Concept to Launch - Part 2: Designing and Furnishing Your Space

• Hot News: The Best Airbnb Cancellation Policy to Boost Your Bottom Line

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

New Releases

62932 Shifting Sands Dr, Joshua Tree, CA 92252

Welcome to your desert paradise! Nestled on 2.5 expansive acres in the heart of Joshua Tree, this stunning property offers the perfect blend of tranquility and modern comfort. The main house boasts 4 spacious bedrooms and 2 beautifully updated bathrooms, while a detached ADU with a kitchenette and bathroom provides additional living space or potential rental income. As you step into the main house, you'll be greeted by an open concept living space filled with natural light and mountain views. The modern kitchen and bathrooms have been thoughtfully updated, and each room features its own mini-split A/C system for personalized comfort. Imagine evenings spent under the starry desert sky, gathered around the fire pit or relaxing on the sun deck. The BBQ area is perfect for entertaining, and the secluded location offers peace and privacy while still being conveniently close to town. Whether you're looking for a full-time residence, a part-time getaway, a multi-family home, or an Airbnb with incredible rental potential, this property has it all. Embrace the Joshua Tree lifestyle and make this your ultimate desert retreat. Don't miss out on this unique opportunity to own a piece of paradise.

🏠Quick Stats:

• $549,000

• 5 BR / 3 BA

• 2,058 sq/ft

💰Projections:

• Average Daily Rate: $770

• Occupancy Rate: 30%

• Projected Revenue: $83,300/yr

• Projected Operating Expenses: $20,800/yr

• Projected Net Operating Income: $62,500/yr

• Projected Gross Yield: 15.2%

Price Reduction

807 Jessica Dr, Fort Washington, MD 20744

Don’t miss your opportunity to own a home in the established and serene neighborhood of Front Foote Village! This stunning 5-bedroom, 2.5-bathroom residence offers the perfect blend of modern updates and classic charm, designed to cater to all your family's needs. As you step inside, you'll be greeted by a tastefully updated interior featuring elegant quartz countertops and sleek new appliances in the kitchen. The open floor plan seamlessly connects the living spaces, creating a warm and inviting atmosphere perfect for both entertaining and everyday living. The home boasts a spacious finished basement, providing ample bonus space for a home office, playroom, or media center. Each of the four bedrooms is generously sized, offering comfort and privacy for the whole family. On the first floor, you’ll find the office, which can be used as the 5th bedroom to meet your family’s needs. Moving upstairs, the master suite includes a luxurious ensuite bathroom, ensuring a private retreat at the end of the day. The 2-car garage offers convenient and secure parking, with additional storage space to keep everything organized. Outside, the mature landscaping adds to the home's curb appeal and provides a peaceful, park-like setting. Located within walking distance to Potomac Park, this home is perfect for outdoor enthusiasts. Enjoy easy access to walking trails, playgrounds, and scenic views. Additionally, you'll find yourself just minutes away from Alexandria, National Harbor, and Washington, DC, making commuting and enjoying city amenities a breeze. Don't miss the opportunity to make this beautiful, move-in-ready home yours! Schedule a showing today and experience the perfect combination of location, style, and comfort.

🏠Quick Stats:

• $579,900

• 5 BR / 3 BA

• 2,641 sq/ft

💰Projections:

• Average Daily Rate: $366

• Occupancy Rate: 49%

• Projected Revenue: $65,800/yr

• Projected Operating Expenses: $20,000/yr

• Projected Net Operating Income: $45,700/yr

• Projected Gross Yield: 11.3%

Over 90 Days + Price Reduction

1949 Valley Rd, Osage Beach, MO 65065

TURNKEY lakefront beauty in great location by land & water, cove located and has GREAT rental numbers! This 5bed/3bath home is move in ready and turnkey! This home features a flat driveway, low exterior maintenance & beautiful landscaping, main level living (includes 3beds/2baths on main level), vaulted ceiling, great mix of wood and tile flooring, 2 large decks, gas fireplace in living room and includes a 10x28' boat slip. Kitchen features beautiful cabinetry work in kitchen, soft close doors, quartz counter-tops, gas cook-top stove, double ovens and walk-in pantry. Desirable master suite with a trayed ceiling, walk-in closet, tiled walk-in shower, walk-in closet and jetted tub. Lower level has additional 2beds/1bath, nice family room, covered deck and great storage space. Located near favorite attractions the Lake of the Ozarks has to offer, close to the hospital and on the Osage 24MM..

🏠Quick Stats:

• $679,900

• 5 BR / 3 BA

• 2,700 sq/ft

💰Projections:

• Average Daily Rate: $634

• Occupancy Rate: 41%

• Projected Revenue: $94,700/yr

• Projected Operating Expenses: $30,600/yr

• Projected Net Operating Income: $64,100/yr

• Projected Gross Yield: 13.9%

Knowledge Rundown

Setting Up a New Airbnb: From Concept to Launch

Part 2: Designing and Furnishing Your Space

Turning Your Airbnb Into Guest Bait

Alright, Airbnb creators, now that you’ve found your perfect property, it’s time to talk about the fun part: designing and furnishing your space. This is where you get to take a blank canvas – or maybe a slightly dated, questionable-looking one – and turn it into a guest magnet. We’re not just talking about slapping some paint on the walls and throwing in a couch. No, we’re creating an experience, something that makes people swipe right on your listing before they even read the description. So, how do you do that? Let’s dive in.

Creating a Unique Experience: Be Memorable, Not Generic

Here’s the deal: there are a lot of Airbnbs out there. Tons of them are nice, clean, and… boring. If you want to stand out in a sea of beige, you need to create a memorable space. Think about the experience you want to offer. Is it cozy and rustic? Sleek and modern? Bright and beachy? Your design should tell a story.

Start with a theme or vibe that fits the location and appeals to your target guests. For a cabin in the mountains, think wood accents, plaid throws, and a stone fireplace. For a beach house, go for light colors, natural materials, and breezy fabrics. The key is consistency. Everything – from the color palette to the furniture style – should feel cohesive.

But don’t go overboard. You want to create a vibe, not a theme park. There’s a fine line between tasteful and “too much.” That mid-century modern thing? Cool. Turning your house into a mid-century modern museum? Maybe dial it back. Subtlety is your friend here.

Furnishing on a Budget: Looks Expensive, Costs Cheap

Alright, let’s talk about furnishing. You want your place to look amazing, but unless you’re secretly a tech billionaire, you probably don’t want to blow your life savings on furniture. The trick is to make your space look high-end without actually being high-end. Here’s how you do it.

Start with the essentials: a comfy bed, a solid sofa, and a functional dining table. These are the workhorses of your rental, so invest in pieces that are durable but still stylish. You don’t need to buy luxury furniture – hit up IKEA, Wayfair, or Facebook Marketplace for deals that look great without the designer price tag.

Next, layer in some personality. Throw pillows, rugs, and art can transform a space without costing a fortune. Look for unique finds at local thrift shops, flea markets, or even online stores like Etsy. These small touches can make your space feel curated and unique without draining your bank account.

And remember, you don’t need to furnish the whole place at once. Prioritize the big-ticket items first, then add in decor over time as you see what works (and as your budget allows). Your guests will appreciate the thoughtfulness and style, even if it’s built up slowly.

Small Touches, Big Impact: The Devil’s in the Details

Now that you’ve got your main pieces in place, it’s time to think about the small touches – the things that turn a rental into a home-away-from-home. This is where you can really dial up the guest experience without spending a ton of money.

First, lighting. Good lighting can completely transform a room. Swap out those harsh overhead lights for softer, warmer lighting with lamps and dimmers. Add string lights to outdoor spaces or around windows for a cozy, inviting glow. Guests may not know why your place feels so welcoming, but trust me, it’s the lighting.

Second, think about comfort. Throw blankets, extra pillows, and even a selection of board games or books can make your rental feel cozy and thoughtful. And for the love of all things good, don’t skimp on the linens. Invest in soft, quality sheets and towels. It’s one of those details that guests will remember – and it’s a small investment for big returns in reviews.

Finally, add some local flavor. Whether it’s artwork from a local artist, a guide to the best spots in town, or a welcome basket with locally sourced treats, these little touches show your guests that you care and that their experience goes beyond just four walls.

Putting It All Together

Designing and furnishing your Airbnb is about more than just making it look nice – it’s about creating a space that people want to stay in. By focusing on creating a unique experience, being smart about your budget, and adding thoughtful touches, you can turn your property into a guest magnet that people can’t wait to book.

Remember, guests don’t just want a place to sleep – they want an experience. So go ahead, unleash your inner designer, and watch as your Airbnb becomes the talk of the town (or at least the talk of your guest reviews).

Hot News

The Best Airbnb Cancellation Policy to Boost Your Bottom Line

Airbnb cancellation policies are more than just fine print—they're a tool that can significantly impact your hosting success.

The right Airbnb cancellation policy can attract more bookings by offering guests the flexibility they desire, while also protecting your income from last-minute cancellations. In unpredictable seasons, the right cancellation policy can be the difference between a calendar full of secure bookings and one plagued by costly vacancies. By striking the perfect balance between guest appeal and host protection, your cancellation policy becomes a key driver of both your occupancy rates and your bottom line.

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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