🏠The Top AirBnB Investment Picks & News | #002

Today’s Insights

• Top Investment Properties

• Knowledge Rundown: The Impact of Seasonality on STR Demand

• Hot News: 5 Year Housing Market Forecast

• 5 Short Term Rental Tools to Boost Your Productivity

New Releases

3067 Engle Town Rd, Sevierville, TN 37862

Very Cute 1 bed plus Loft Bed Cabin in a very convenient location and easy access to all area attractions. This home offers privacy, serene wooded setting, great paved parking and still only minutes to all the attractions! The interior features cathedral ceilings, open floorplan, soaking tub in the main level master bedroom, and additional sleeping area in the loft, that is used as a second bedroom. The outside of the cabin features a private hot tub, wrap around deck, park style grill, and deck dining area. Cabin is truly turn key, it's been totally updated inside and out to include a new hot tub in 2024! Great investment opportunity or a Home away from Home.

🏠Quick Stats:

• $429,900

• 2 BR / 1BA

• 949 sq/ft

💰Projections:

• Average Daily Rate: $260

• Occupancy Rate: 63%

• Projected Revenue: $59,400/yr

• Projected Operating Expenses: $18,200/yr

• Projected Net Operating Income: $41,200/yr

• Projected Gross Yield: 13.8%

Price Reduction

7356 Sunset Dr, Nineveh, IN 46164

Sweetwater beauty ready for you to start using immediately. Relax and enjoy the privacy of this 1/2 acre wooded lot on the covered wrap around porch or step inside the updated & spacious interior. Large circular driveway is perfect for parking trailer, boat, and plenty of space for guests. Lower level drive could be used for RV parking and will not block the main driveway. Great curb appeal with the vaulted entry & covered porch. From the moment you enter you will appreciate the craftsmanship. Nice open flow throughout the home. Large Great Room w/vaulted ceiling open to the updated Kitchen. Primary bedroom on main level features gorgeous bath & walk-in closet. Modern open staircase takes you up to the loft or down to the full walkout basement. Loft is perfect for additional beds, hobbies or office. You will not feel like you are in a basement at this home...9' ceilings, large sliding glass door lead to patio, egress windows & another amazing updated full bath! Bed 2 & 3 are spacious with nice size closets and egress windows. The Family Room in basement is open, bright & provides the extra living space most homes are lacking. This home sits between Sweetwater & Cordry which allows easy access to both lakes. Most of the furnishings will be included. You will not be disappointed! Check it out!

🏠Quick Stats:

• $415,000

• 3 BR / 3BA

• 2,356 sq/ft

💰Projections:

• Average Daily Rate: $400

• Occupancy Rate: 55%

• Projected Revenue: $80,100/yr

• Projected Operating Expenses: $24,300/yr

• Projected Net Operating Income: $55,800/yr

• Projected Gross Yield: 19.3%

Over 90 Days + Price Reduction

8381 S Kinman Dr, Nineveh, IN 46164

Come check out this beautiful and updated lake house! It has three bedrooms, two full baths, two half baths, and a two-car garage. This home is sitting on two lots with three beautiful wooden decks to enjoy the gorgeous lake and trees surrounding the home. Inside there is plenty of room with a great room on both levels for family and friends to enjoy! It has two big screen mounted HDTVs included! The updated modern and spacious kitchen has everything you need for that person who loves to cook while looking at the beautiful scenery outside. It's a must see if you're looking for a quiet place on a lake surrounded by nature!

🏠Quick Stats:

• $449,900

• 3 BR / 4BA

• 2,172 sq/ft

💰Projections:

• Average Daily Rate: $393

• Occupancy Rate: 51%

• Projected Revenue: $72,700/yr

• Projected Operating Expenses: $18,200/yr

• Projected Net Operating Income: $54,500/yr

• Projected Gross Yield: 16.2%

Knowledge Rundown

The Impact of Seasonality on Short-Term Rental Demand

Understanding the impact of seasonality on short-term rental demand is crucial for maximizing occupancy rates and revenue. Different regions experience varying peak seasons influenced by factors such as weather, local events, and holidays. By analyzing historical data and booking trends, hosts can adjust their pricing strategies, enhance marketing efforts, and prepare their properties to attract more guests during high-demand periods while optimizing for lower occupancy during off-peak times.

1. Seasonal Trends

Different regions experience peak seasons at different times of the year. For instance, beach destinations may see a surge in bookings during the summer months, while ski resorts are more popular in winter. Urban areas may have consistent demand but see spikes during major local events or holidays. Understanding these trends allows hosts to anticipate demand and adjust their strategies accordingly.

2. Pricing Strategies

Dynamic pricing is essential for maximizing revenue throughout the year. During peak seasons, prices can be adjusted upward to capitalize on increased demand. Conversely, during off-peak times, lowering prices can attract budget-conscious travelers and maintain occupancy rates. Tools like Beyond Pricing or PriceLabs can help automate these adjustments based on market data and booking trends.

3. Marketing Efforts

Tailored marketing campaigns can significantly boost bookings during different seasons. For example, promoting cozy winter stays with amenities like fireplaces or hot tubs can attract guests to colder destinations. Highlighting proximity to seasonal attractions, such as fall foliage tours or summer festivals, can also draw interest. Utilizing social media, email marketing, and targeted ads can help reach potential guests effectively.

4. Property Preparation

Preparing your property for different seasons can enhance guest experiences and lead to better reviews. For summer, ensure air conditioning is in top shape, provide outdoor furniture, and stock beach gear. In winter, focus on heating, provide extra blankets, and consider offering snow removal services. Attention to these details can make your property more appealing and comfortable for guests, regardless of the season.

5. Event and Holiday Impact

Local events and holidays can significantly impact short-term rental demand. Major sports events, music festivals, and cultural celebrations can draw large crowds and fill up rental properties quickly. Hosts should stay informed about upcoming events in their area and adjust their availability and pricing accordingly. Offering special packages or discounts for event attendees can also attract more bookings.

In conclusion, understanding and adapting to seasonality is vital for the success of short-term rental properties. By analyzing trends, adjusting pricing, tailoring marketing efforts, preparing properties appropriately, and leveraging local events, hosts can ensure steady bookings and optimized revenue throughout the year. Embracing these strategies will help you stay ahead of the competition and provide exceptional experiences for your guests, leading to positive reviews and repeat business.

Hot News

Housing Market Forecast for the Next 5 Years

The housing market is poised for significant changes over the next five years. As we emerge from the impacts of the pandemic, experts predict a mix of opportunities and challenges for investors. Key trends include fluctuating mortgage rates, evolving buyer preferences, and regional market variations. Investors should stay informed about these dynamics to make strategic decisions.

Read More Here.

Productivity

5 Short Term Rental Tools to Supercharge Your Productivity

1. Turno: Platform that connects hosts with cleaning services, automates cleaning schedules, and ensures properties are ready for new guests.

2. Guesty: Mobile-first property management app offering tools for communication, task management, and multi-channel syncing.

3. Hospitable: Automation tool designed to streamline communication with guests, manage reviews, and optimize listings across multiple platforms.

4. Lodgify: Property management software that allows hosts to create their own booking websites, manage reservations, and synchronize listings across platforms.

5. Beyond Pricing: Dynamic pricing software that uses market data to optimize rental rates, helping hosts maximize their revenue.

6. PriceLabs: Revenue management solution for dynamic pricing and market data insights to help hosts adjust rates based on demand.