🏠Today's Hot Property Picks | #036

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Today’s Insights

• Top Investment Properties

• Knowledge Rundown: 3 Part Series on Creating a Guest Experience That Stands Out - Part 1: The Power of Personalization

• Hot News: Mortgage Rates Stay Flat as Housing Market Enters a ‘Buyer-Friendly’ Fall

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

New Releases

73795 Catalina Way, Palm Desert, CA 92260

This beautifully remodeled three-bedroom, two-bathroom home is located just half a mile from the world-class shopping and dining at El Paseo, making it perfect for year-round living or as a second home. The modern kitchen boasts white cabinets, quartz countertops, stainless steel appliances, including a refrigerator and dishwasher, and stylish decorative wall tile. The home features tile flooring throughout, energy-efficient windows, ceiling fans, and wide baseboards that add a luxurious finish. The bedrooms are generously sized, and the bathrooms are spectacularly designed with rain shower heads. Ensuring no space is wasted, the front yard offers a fire pit for evening enjoyment on a beautifully landscaped lawn. However, the true showstopper is the backyard. Bask in your sun-drenched pool and spa--it's an oasis with ample space for six lounge chairs, two cabanas, and a seating area. Enjoy a game of bocce ball, relax around the fire pit, or end the day in your six-person private sauna. With breathtaking mountain views from both the front and back yards, and just a few blocks away from Civic Park and McCallum Theatre, this home offers an ideal blend of luxury, comfort, and location.

🏠Quick Stats:

• $529,000

• 3 BR / 2 BA

• 1,208 sq/ft

💰Projections:

• Average Daily Rate: $382

• Occupancy Rate: 51%

• Projected Revenue: $71,100/yr

• Projected Operating Expenses: $23,200/yr

• Projected Net Operating Income: $47,900/yr

• Projected Gross Yield: 13.4%

Price Reduction

81608 Avenida Viesca, Indio, CA 92203

As you enter though the custom leaded glass door with retractable screen, you will notice this stunning Embark Model is filled with upgraded and designer touches. The spacious kitchen has top end appliances including two ovens, microwave and 1 year old samsung fridge , fabulous backsplash to ceiling, also pull out shelving and a pantry. The Great Room has a built-in entertainment center with plenty of room for storage. Masterbedroom window has been replaced by a slider. Bathroom has dual vanities , walk-in shower and custom built-out closet. Guest bedroom has been maximized for functionality with a handsome Murphy bed that converts to desk for efficient office space. Tile flooring, Crown molding, fans, and 10 foot ceilings are throughout this beautiful home. You will appreciate the high efficiency whole house air-conditioner with Nest programmable thermostat. Also there is High efficiency LED lighting. The extended insulated garage which can fit a golf cart, features a Tankless water heater, epoxy flooring, a Split Air conditioner, insulated garage with great overhead storage racks. Now fall in love with your desert outdoor living! Privacy Plus backyard has Saltwater Pebble Tech Pool/Spa with Tanning shelf and Waterfalls, Pavered oversized Patios, Firepit and Built-in Top of the line Gas BBQ. The low maintenance landscaping enhances property with it raised planterbeds and giant planter pots. A complete package to start enjoying your desert living experience.

🏠Quick Stats:

• $515,000

• 2 BR / 2 BA

• 1,321 sq/ft

💰Projections:

• Average Daily Rate: $392

• Occupancy Rate: 43%

• Projected Revenue: $62,200/yr

• Projected Operating Expenses: $20,700/yr

• Projected Net Operating Income: $41,500/yr

• Projected Gross Yield: 12.1%

Over 90 Days + Price Reduction

829 7th St, Traverse City, MI 49684

This cute two story home built in 1905 is located right in the heart of Traverse City and in the mix of all that the city has to offer. There is one bedroom on the main floor and two upstairs, a full bath on the main floor and a 3/4 bath upstairs. The thoughtful kitchen features granite countertops with plenty of space to cook and ample storage in the pantry. The detached garage is 16X18 and accommodates one vehicle and has plenty of storage as well. Enjoy watching the foot traffic on the adorable covered front porch. Newer items include roof, furnace in 2022, washer and dryer in 2022, and kitchen appliances. This home is under a mile to West End beach and downtown shopping and dining. One bedroom upstairs is non conforming due to not having a closet but there is space for one to be added easily.

🏠Quick Stats:

• $379,000

• 3 BR / 2 BA

• 1,195 sq/ft

💰Projections:

• Average Daily Rate: $384

• Occupancy Rate: 45%

• Projected Revenue: $63,200/yr

• Projected Operating Expenses: $19,700/yr

• Projected Net Operating Income: $43,500/yr

• Projected Gross Yield: 16.7%

Knowledge Rundown

Creating a Guest Experience That Stands Out

Part 1: The Power of Personalization

How Small Touches Make a Big Impact

Alright, Airbnb hosts, let’s talk about one of the most underrated (and underused) superpowers in hospitality: personalization. You might think that guests are just looking for a clean place to sleep and a decent Wi-Fi connection. But the truth is, what turns an “okay” stay into a “Wow, I want to come back!” experience are those little personal touches. Guests don’t want to feel like they’re staying in a cookie-cutter hotel – they want an experience that feels unique and catered to them.

So how do you wield the power of personalization without spending your life savings? Let’s dive in.

Customizing the Guest Experience: The Little Things That Matter

Here’s the deal: personalization doesn’t mean you have to go overboard. You don’t need to memorize every guest’s Starbucks order or plan their entire trip. In fact, it’s often the simplest things that leave the biggest impression.

Start with a personalized welcome note. This can be as easy as a handwritten card that says, “Welcome, [Guest’s Name]! We hope you enjoy your stay!” You’d be surprised how a simple name drop can turn an average check-in into a warm welcome. Bonus points if you include something relevant to their stay. For example, if they mentioned they’re celebrating an anniversary, add a small congratulatory message. You’re not just a host anymore – you’re part of their celebration.

And let’s not forget about guest preferences. When a guest books, ask a few simple questions in your confirmation message – like if they have any food allergies or if they’re celebrating a special occasion. Then, you can tailor their stay to meet those preferences. Are they coffee lovers? Leave a few locally roasted beans in the kitchen. Do they have kids? A few board games or coloring books go a long way in making parents feel like you’ve got their backs.

Tailoring Local Recommendations: Curate, Don’t Copy-Paste

Now, let’s talk about one of the most overlooked opportunities for personalization: local recommendations. Sure, every Airbnb guidebook includes the standard list of top restaurants, museums, and landmarks, but that’s not enough. If you really want to stand out, go beyond the usual tourist traps and customize recommendations to your guests’ interests.

Got a guest who’s a total foodie? Point them to a hidden gem of a restaurant that locals rave about but tourists usually miss. Hosting a couple who loves hiking? Include your favorite off-the-beaten-path trails that offer breathtaking views. Families with kids? Let them know about the local park with an awesome playground or a fun family-friendly café nearby.

When you give guests curated recommendations based on their interests, you’re not just helping them navigate the area – you’re giving them an experience they won’t find in any guidebook.

Going Above and Beyond: Low-Cost, High-Impact Gestures

Alright, let’s get real: personalization doesn’t have to break the bank. You don’t need to rent out a yacht or hire a private chef to impress your guests. A few thoughtful gestures can do the trick.

Think about creating a simple welcome basket with a few local snacks or a bottle of wine. It doesn’t need to be expensive – something as small as local cookies or handmade soap can make your guests feel extra special. If you know a guest is celebrating a birthday, surprise them with a cupcake or a small balloon.

And don’t forget about seasonal touches. During the holidays, a festive ornament or some holiday cookies can make a guest feel like you’ve gone out of your way to make their stay special. Hosting in the summer? A couple of chilled drinks waiting in the fridge can be a refreshing surprise after a long day of travel.

Putting It All Together

The power of personalization lies in making guests feel like they’re more than just a booking on your calendar. By adding small, thoughtful touches – from personalized welcome notes to customized local tips – you create an experience that sticks with them long after they’ve checked out. It’s not about spending more money; it’s about showing you care.

Remember, in a sea of listings, it’s these little things that make your Airbnb stand out. Personalization doesn’t just improve the guest experience – it builds loyalty, inspires rave reviews, and makes your place the one they’ll tell their friends about. So go ahead, unleash your inner hospitality magician, and watch as your guests become raving fans.

Hot News

Mortgage Rates Stay Flat as Housing Market Enters a ‘Buyer-Friendly’ Fall

Mortgage rates stayed flat at 6.35% for a 30-year fixed home loan for the week ending Sept. 5, according to Freddie Mac.

“Mortgage rates remained flat this week as markets await the release of the highly anticipated August jobs report,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “Even though rates have come down over the summer, home sales have been lackluster. On the refinance side, however, homeowners who bought in recent years are taking advantage of declining mortgage rates in order to lower their monthly payments.”

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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