🏠Today's Hot Property Picks | #034

Today’s Insights

• Top Investment Properties

• Knowledge Rundown: 3 Part Series on Mastering Guest Reviews: From Request to Response - Part 2: Turning Feedback Into Improvements

• Hot News: Ranked: The Best State Economies in 2024

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

New Releases

4732 Amhurst Cir, Destin, FL 32541

Welcome to gated Calusa Bay and this exquisite three-bedroom, 2.5-bathroom home with a bonus office located in the heart of Destin. This beautifully maintained residence offers the perfect blend of luxury, comfort and convenience, making it an ideal choice for those seeking a refined coastal lifestyle. Centrally located near Destin Commons, pristine beaches, top-tier restaurants and world-class shopping and golfing, this home is perfectly positioned to enjoy all Destin offers. Step inside to discover a thoughtfully designed interior with high-end finishes and modern conveniences. The main living area features a cozy gas fireplace, while the kitchen offers gas appliances, including a new Bosch dishwasher, kitchen sink and garbage disposal. The master suite is a tranquil retreat with a spacious tile shower with seat and two shower heads, a double vanity and a separate water closet. The second floor offers a charming sunroom off the second bedroom, perfect for enjoying morning coffee or an evening read and can serve as an office, media room or play area. The private backyard and patio provide an ideal space for outdoor entertaining, featuring a new paver patio and a SunSetter awning for shade. There is plenty of room for children and fur babies to play as well. Other recent improvements include new plantation shutters, two remodeled baths that exude luxury and a modern style and a Generac whole-home generator. The home also offers a Vivint prewired security system with cameras, two wall-mounted TV's, a newly pressure-washed and sealed driveway and new HVAC and upper zone ductwork. The generous pie-shaped lot with fenced yard is complemented by lush landscaping, enhancing its curb appeal and providing a serene environment. Residents of rental-restricted Calusa Bay enjoy access to a community pool and the peace of mind that comes with living in a gated community. With an attached garage, this home offers both practicality and elegance.

🏠Quick Stats:

• $537,000

• 3 BR / 3 BA

• 1,640 sq/ft

💰Projections:

• Average Daily Rate: $445

• Occupancy Rate: 49%

• Projected Revenue: $80,300/yr

• Projected Operating Expenses: $25,100/yr

• Projected Net Operating Income: $55,200/yr

• Projected Gross Yield: 15.1%

Price Reduction

5112 Richard Ave, Baltimore, MD 21214

Welcome to 5112 Richard Avenue, where luxury meets modern convenience in this completely renovated home. Boasting seven spacious bedrooms and four full bathrooms, this property offers plenty of space for family and guests. The amazing master suite is a true retreat, featuring a luxurious rainfall shower and a relaxing soaking tub. Throughout the home, you'll find elegant LVP flooring that complements its contemporary style. This is a unique opportunity to own a beautifully updated home in a prime location. Don't miss out on making this your dream home!

🏠Quick Stats:

• $450,000

• 7 BR / 4 BA

• 2,900 sq/ft

💰Projections:

• Average Daily Rate: $475

• Occupancy Rate: 56%

• Projected Revenue: $97,600/yr

• Projected Operating Expenses: $30,100/yr

• Projected Net Operating Income: $67,500/yr

• Projected Gross Yield: 21.7%

Over 90 Days + Price Reduction

156 Bixlers Ferry Rd, Luray, VA 22835, USA

New Construction!!! Move In Ready!!! 1430sq ft 3 bedroom 2 bath home. The home is located in town limits on a half acre with town water and sewer. Just minutes from shopping, dining, and recreation. This is also the perfect spot for a short term rental. This home consist of many custom details and features. On the outside, stone, board and batten, composite porches, custom cedar shutters, and landscaping have all been added to make this home stand out from the rest. In the back yard there is also a complimentary fire pit for those late night gatherings. And a large gravel driveway with parking for 4+ vehicles. The living room features higher vaulted ceilings with stained beams and a floor to ceiling fireplace. In the kitchen, there are unique wood counters, and an eat in island table, perfect for entertaining. While the stainless steel appliances compliment the two tone cabinetry. Each of the bathrooms feature tiled showers and vanities with vessel sinks. Crown Moulding, barn door, built in shelving, etc. are just a few other added features included in this home. This home is a must see to appreciate. It is Move in ready and waiting for you to call home!

🏠Quick Stats:

• $359,900

• 3 BR / 2 BA

• 1,430 sq/ft

💰Projections:

• Average Daily Rate: $270

• Occupancy Rate: 57%

• Projected Revenue: $56,300/yr

• Projected Operating Expenses: $14,100/yr

• Projected Net Operating Income: $42,200/yr

• Projected Gross Yield: 15.6%

Knowledge Rundown

Mastering Guest Reviews: From Request to Response

Part 2: Turning Feedback Into Improvements

The Secret to Airbnb Success

Alright, Airbnb hosts, buckle up because today we’re talking about something that no one really likes to face but everyone has to deal with: feedback. Whether it’s that glowing five-star review that makes you feel like you’re running the Ritz-Carlton or that one-star rant that feels like a punch in the gut, feedback is your key to leveling up. The trick is knowing how to turn all that feedback—good, bad, and ugly—into actual improvements.

So, how do you go from reading reviews to making meaningful changes that boost your business? Let’s dive in.

Analyzing Reviews: Reading Between the Stars

First things first: not all feedback is created equal. Some reviews are goldmines of insight, while others... not so much. So before you start making wild changes based on every suggestion, take a step back and look at the big picture.

Start by scanning your reviews for patterns. Do guests consistently rave about your amazing location but frequently mention that the bathroom feels a bit cramped? That’s not a one-off gripe—it’s a trend. Whether it’s your amenities, cleanliness, communication, or pricing, look for recurring themes. The positive feedback tells you what you’re doing right, and the negative feedback gives you a roadmap for improvement.

Pro tip: Don’t just focus on your star ratings. A four-star review might seem decent, but if the comments point out issues, those are areas you need to address. And on the flip side, even a glowing five-star review might drop a subtle hint, like, “We loved the place, but the Wi-Fi was a bit slow.” That’s your cue to tighten up the details.

Implementing Changes: Small Fixes, Big Impact

Alright, you’ve sifted through the feedback, and now it’s time to roll up your sleeves and get to work. But here’s the thing: you don’t need to overhaul your entire operation based on a few reviews. Often, it’s the small tweaks that can make the biggest difference.

Let’s say guests keep mentioning that they love your property but struggle to figure out how to use the TV. Instead of tossing out the whole system, just create a clear, simple guide with step-by-step instructions. Problem solved. Or maybe you notice several guests saying they wish there was better lighting in the bedroom. A quick trip to the hardware store for some cozy lamps, and suddenly, that minor annoyance is a thing of the past.

On the other hand, if you’re seeing feedback about something more significant—like uncomfortable beds or noise issues from a busy street—it might be time to invest in a real solution. Upgrade to better-quality mattresses or look into soundproofing options. Yes, it’s an investment, but it’s one that will pay off in happier guests, better reviews, and more bookings.

Remember, you don’t have to tackle everything at once. Prioritize the changes that will have the biggest impact on guest experience and start there. Then, slowly chip away at the smaller fixes over time.

Tracking Progress: The Feedback Loop

Here’s where things get really fun: after you’ve made improvements, it’s time to see if they’re paying off. This is the feedback loop. Keep an eye on your new reviews—are guests commenting on the improvements you’ve made? Are they happier with the changes? This is where you see whether your efforts are moving the needle.

If you’ve fixed an issue that guests used to mention, but it’s no longer popping up in reviews, congratulations—you’ve successfully leveled up. On the flip side, if you’ve made a change and it’s still showing up as a problem, you might need to go back to the drawing board and refine your approach.

Remember, this is an ongoing process. As your property evolves and guest expectations change, you’ll need to stay adaptable. The goal is continuous improvement—tweaking, refining, and perfecting your Airbnb experience so it stays top-notch.

Putting It All Together

Turning feedback into improvements isn’t about trying to please everyone or overhauling your entire operation every time someone makes a suggestion. It’s about finding the trends, making smart adjustments, and using guest input to guide your business decisions.

When you nail this process, you’re not just reacting to feedback—you’re using it as a tool to improve, grow, and keep your guests coming back for more. So, embrace the feedback loop, keep improving, and watch your Airbnb climb to the top of the ranks.

Hot News

Ranked: The Best State Economies in 2024

A vital state economy provides a stable environment for growth, access to a skilled workforce, and business opportunities through robust consumer spending and favorable business policies.

This graphic shows the ten U.S. states with the best economies in 2024, according to data sourced from CNBC.

Methodology

CNBC considered economic growth and job growth. It also analyzed state finances, fiscal reserves, pension obligations, and credit ratings, as well as the housing market’s overall health. The study also looked at how many major corporations are headquartered in each state, new business formations, and foreign direct investment in each state, both in absolute terms and as a percentage of GDP.

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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