🏠The Top AirBnB Investment Picks & News | #004

Red-Hot Properties & News Coming Your Way! 🔥

Author

PropGuy
June 26, 2024

In partnership with

Property Rundown

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Today’s Insights

  • Top Investment Properties

  • Knowledge Rundown: Smart Automation and Technology: Elevate Your Short-Term Rental Experience

  • Hot News: 10 Most Affordable Beach Towns for Short-Term Summer Rentals

  • 5 Short Term Rental Tools to boost your productivity

New Releases

This waterfront home boasts stunning views of Gouldsboro Bay from nearly every room. It's unique design features an open kitchen and dining area that seamlessly flows onto a large deck, while the enclosed porch provides a cozy retreat. The first-floor primary bedroom leads to an attached spa room, complete with hot tub, sink and shower with direct outside access. The main level also offers a generous sized living room, a second bedroom, one and a half bathrooms, laundry room, and a versatile ''tv'' room that could be transformed into a home office. Upstairs, a spacious room awaits with its own private balcony offering serene views. An attached garage with a bonus bedroom and bathroom above complete this exceptional property.

🏠Quick Stats:

  • $649,000

  • 3 BR / 3BA

  • 4,089 sq/ft

đź’°Projections:

  • Average Daily Rate: $431

  • Occupancy Rate: 67%

  • Projected Revenue: $106,100/yr

  • Projected Operating Expenses: $33,100/yr

  • Projected Net Operating Income: $73,000/yr

  • Projected Gross Yield: 16.3%

Price Reduction

Welcome to your new home at 33 Westbourne Way! This inviting 3-bedroom residence is nestled in a gated neighborhood close to schools, shopping, restaurants, and the interstate. Located in Godley Park the community offers it's own pool that is separate from the master association amenities. This home offers lots of natural light, an open feel from the living room to the kitchen, and a unique layout. Enjoy your upstairs private owners suite with the remaining two bedrooms downstairs. Relax outdoors on your oversized front porch or an evening on the back patio in your fully fenced in back yard. This home also features an oversized detached 2 car garage that boasts abundant storage space.

🏠Quick Stats:

  • $284,000

  • 3 BR / 2BA

  • 1,244 sq/ft

đź’°Projections:

  • Average Daily Rate: $215

  • Occupancy Rate: 67%

  • Projected Revenue: $52,900/yr

  • Projected Operating Expenses: $15,800/yr

  • Projected Net Operating Income: $37,100/yr

  • Projected Gross Yield: 18.6%

Over 90 Days + Price Reduction

Builder is offering $5,000 in concessions. Welcome to your dream home in Highland Park Bay, an exclusive 55+ community just a stone's throw away from the waterfront! Step inside and be captivated by the gleaming wood-tile floors that add a touch of elegance to the living areas. The spacious open-concept living room boasts high beam ceilings and a cozy stone fireplace. The adjoining kitchen and dining are a chef's dream, complete with an oversized granite island, top-of-the-line stainless appliances, and a walk-in pantry. Retreat to the luxurious master suite, featuring separate vanities, an expansive walk-in shower with dual shower heads, and a generously sized walk-in closet with ample storage. This energy-efficient home is designed for those who want to save on utility bills without sacrificing comfort. Entertain your new neighbors on the covered patio with a fenced in yard. You're sure to love walks around the community with gorgeous views of the water.

🏠Quick Stats:

  • $444,888

  • 4 BR / 3BA

  • 2,311 sq/ft

đź’°Projections:

  • Average Daily Rate: $508

  • Occupancy Rate: 42%

  • Projected Revenue: $77,400/yr

  • Projected Operating Expenses: $19,300/yr

  • Projected Net Operating Income: $58,000/yr

  • Projected Gross Yield: 17.4%

Knowledge Rundown

Smart Automation and Technology: Elevate Your Short-Term Rental Experience

In today's fast-paced world, travelers crave convenience and a seamless experience. For short-term rental hosts, embracing smart automation and technology can be a game-changer. It allows you to streamline operations, enhance guest experience, and potentially improve security. Let's delve into the exciting world of smart tools that can transform your short-term rental into a tech-savvy haven.

Automated Communication: Save Time and Stay Connected

Gone are the days of endless email exchanges and phone calls for basic inquiries. Smart automation tools can automate a significant portion of guest communication, freeing up your valuable time for other tasks.

  • Automated Welcome Messages: Set up automated welcome emails upon booking confirmation that include check-in instructions, Wi-Fi details, and house rules.

  • Scheduled Reminders: Send pre-programmed messages reminding guests about check-in times, parking procedures, or local attractions.

  • Guest Messaging Platforms: Utilize platforms like Airbnb Messenger or dedicated guest communication apps to offer a centralized platform for guest inquiries and real-time responses.

Smart Locks: Effortless Self-Check-In and Enhanced Security

Smart locks are a revolutionary technology for short-term rentals. They eliminate the need for physical key exchanges and offer several benefits:

  • Guest Convenience: Guests can access the property at their scheduled check-in time using a unique code sent to their smartphones. This eliminates the need to coordinate key handoffs, allowing for flexible arrival times.

  • Enhanced Security: Smart locks provide an extra layer of security compared to traditional keys. You can easily grant and revoke access codes remotely, and track entry logs for peace of mind.

  • Integration Potential: Many smart locks integrate with guest communication platforms and vacation rental management software. This allows for automatic code generation upon booking confirmation and streamlined access management.

Guest Self-Check-In: Empower Your Guests and Streamline Operations

By combining smart locks with automated communication tools, you can implement a seamless self-check-in system for your guests. Here's how it can work:

  • Pre-Arrival Instructions: Provide detailed instructions on how to use the smart lock and access code retrieval process in your automated welcome emails.

  • Self-Guided Entry: Upon arrival, guests can use the provided code to unlock the door using their smartphones, eliminating the need for host interaction.

  • Post-Check-In Communication: Send automated messages after check-in to welcome guests, answer frequently asked questions, and offer local recommendations.

Beyond the Essentials: Additional Smart Tech Considerations

While smart locks and automated communication are game-changers, there's a whole world of technology waiting to be explored. Here are some additional options to consider:

  • Smart Thermostats: Allow guests to control the temperature remotely for a comfortable stay and optimize energy usage when the property is vacant.

  • Smart Lighting: Implement smart light bulbs that can be controlled remotely or set to automations for a welcoming ambience.

  • Smart Security Cameras (with guest consent): Enhance security and monitor potential issues remotely. Ensure clear communication with guests regarding camera placement and recording limitations.

  • Noise Monitoring Devices: Address potential noise disturbances proactively with devices that can detect excessive noise levels and send automated alerts.

Important Considerations Before Diving In:

While technology offers exciting benefits, it's crucial to consider these points:

  • Guest Comfort and Expectations: Not all guests may be comfortable with smart technology. Ensure clear communication about the features and provide alternative options for those who prefer a traditional approach.

  • Technical Support: Be prepared to offer basic troubleshooting assistance to guests unfamiliar with smart features.

  • Internet Connectivity: Reliable internet connection is essential for most smart home devices to function properly.

  • Privacy and Security: Prioritize guest privacy and data security. Ensure your chosen smart devices have strong encryption protocols and consider guest preferences regarding data recording.

Conclusion:

Embracing smart automation and technology can elevate your short-term rental experience for both you and your guests. From streamlined communication to self-check-in convenience, these tools contribute to a more efficient and guest-centric operation. By carefully selecting tools that integrate seamlessly and prioritizing guest comfort, you can transform your short-term rental into a technologically advanced haven that attracts satisfied and returning guests.

Hot News

Surf, Sand, Savings: The 10 Most Affordable Beach Towns for Short-Term Summer Rentals

Almost everyone dreams of renting a beach house for at least a little bit of the summer—but anyone who has ever tried to turn these salty, sandy reveries into a reality knows it can bleed your bank account dry.

It’s entirely possible to find surprisingly affordable short-term beach rentals if you’re willing to venture off the beaten path.

Continue Reading → 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. Hostaway: A powerful tool for experienced vacation rental managers, offering advanced features like channel management, guest screening, and automated messaging.