🏠The Top AirBnB Investment Picks & News | #005

Red-Hot Properties ME | TN | NY & News Coming Your Way! 🔥

Author

PropGuy
June 28, 2024

Property Rundown

Today’s Insights

  • Top Investment Properties

  • Knowledge Rundown: Standing Out from the Crowd: Optimize Your Short-Term Rental Listing for Maximum Bookings

  • Hot News: Mortgage Rates Hit Near 3-Month Low, but the Summer Housing Market Remains in Limbo

  • 5 Short Term Rental Tools to boost your productivity

New Releases

Enjoy the quality and convenience of a one year young home without the wait time of new construction! Built in 2023 this ranch style home offers a bright, modern and open concept kitchen and living room. Stainless steel appliances, granite counter tops and a versatile island provide a great space for entertainment, cooking and dining. The master bedroom offers its own private full bathroom. You will also find two additional bedrooms and another full bathroom with a washer dryer hookup. You choose how to finish the daylight and walk out basement to whatever your needs and wants may be. All of this is situated on a generous sized lot giving privacy on each side while also providing a great space for outdoor activities. Close to lakes and many amenities, 30 minutes to Biddeford and Sanford and just under an hour to Portland. Make this your haven.

🏠Quick Stats:

  • $399,900

  • 3 BR / 2BA

  • 1,232 sq/ft

💰Projections:

  • Average Daily Rate: $353

  • Occupancy Rate: 59%

  • Projected Revenue: $75,900/yr

  • Projected Operating Expenses: $22,900/yr

  • Projected Net Operating Income: $53,000/yr

  • Projected Gross Yield: 19.0%

Price Reduction

Charming 2 BED, 2 BATH cabin in the coveted Four Seasons Community! This one-level cabin is completely move-in ready with an updated kitchen and bathrooms. Enjoy tons of natural lighting with multiple windows in every room and an open-concept floorplan living-room, dining area, and kitchen. Primary bedroom has it's own bathroom and access to the back deck for a beautiful wooded view. Gated community ammenities include pool, pavillion, park, playground, walking trails and access to Four Seasons Marina! Make this your perfect Summer getaway!

🏠Quick Stats:

  • $333,850

  • 2 BR / 2BA

  • 1,214 sq/ft

💰Projections:

  • Average Daily Rate: $350

  • Occupancy Rate: 55%

  • Projected Revenue: $70,500/yr

  • Projected Operating Expenses: $21,000/yr

  • Projected Net Operating Income: $49,500/yr

  • Projected Gross Yield: 21.1%

Over 90 Days + Price Reduction

Newly Renovated Farmhouse on 2.5+/- country acres! Welcome to your new home, featuring an enclosed front porch, big foyer, large living room, new kitchen with beautiful granite countertops, a nice pantry closet, sunny dining area with doors that lead to the extended rear deck overlooking the spacious yard. There are 5 bedrooms and 2 full tiled baths, one with a shower and one with a tub, plenty of closet space and a laundry area on the 1st level. This is a lovely property that has a lot of road frontage and boasts mostly open fields that are level to slightly sloping with some mature trees. There is also a 1 car detached garage and a small shed. Sullivan West School District. New roof, siding, heating, electric, flooring, bathrooms, etc. Don't miss out, call for your appointment today!

🏠Quick Stats:

  • $349,900

  • 5 BR / 2BA

  • 2,199 sq/ft

💰Projections:

  • Average Daily Rate: $566

  • Occupancy Rate: 48%

  • Projected Revenue: $99,600/yr

  • Projected Operating Expenses: $25,800/yr

  • Projected Net Operating Income: $73,800/yr

  • Projected Gross Yield: 28.5%

Knowledge Rundown

Standing Out from the Crowd: Optimize Your Short-Term Rental Listing for Maximum Bookings

In the competitive world of short-term rentals, a well-optimized listing can be the difference between a fully booked calendar and a lonely vacancy. Here, we'll explore three key strategies to ensure your listing shines and attracts potential guests:

1. Mastering SEO: Attract the Right Clicks

Search Engine Optimization (SEO) is the art of making your listing appear higher in search results on platforms like Airbnb or Vrbo. Here's how to optimize your listing for better searchability:

  • Keyword Research: Identify relevant keywords that potential guests might use when searching for a rental in your area. Tools like Google Keyword Planner can be helpful for this. Use these keywords strategically throughout your title, description, and amenities list. However, avoid keyword stuffing, which can make your listing look unnatural.

  • Compelling Titles: Craft a clear and informative title that highlights the unique selling points of your property. Include keywords naturally but prioritize a title that entices potential guests.

  • Detailed Descriptions: Don't underestimate the power of a well-written description. Go beyond just listing amenities. Use vivid language to paint a picture of your rental's charm, highlighting its unique features and the surrounding area.

2. The Power of Photos: Showcase Your Property's Appeal

High-quality photos are undoubtedly the first impression your listing makes. Here are some tips to capture stunning visuals:

  • Professional Photography: Consider investing in professional photos. This can significantly increase booking rates. However, good quality phone photography can also suffice if you have an eye for detail and good lighting.

  • Highlight All Spaces: Showcase every room and important features. Include photos that capture the overall feel of the space – from the cozy living room to the inviting patio.

  • Staging and Lighting: Maximize your space's visual appeal through well-staged photos with natural lighting whenever possible. Declutter surfaces, add pops of color with throw pillows or fresh flowers, and ensure the areas are well-lit and inviting.

  • Highlight Unique Features: Don't forget to capture unique aspects of your property, like a charming fireplace, a stunning balcony view, or a game room.

3. Craft Compelling Descriptions: Tell Your Rental Story

While photos grab attention, your description is where you truly captivate potential guests. Here's how to craft a compelling description:

  • Focus on Benefits: Don't just list features. Focus on how your rental benefits the guest. Describe the experience they'll have – relaxing by the fireplace, enjoying a morning coffee on the balcony, or having movie nights in the cozy living room.

  • Target Your Ideal Guest: Who is your ideal guest? Are they families, couples, or remote workers? Tailor your description to resonate with their interests.

  • Action Verbs and Sensory Details: Use action verbs to create a sense of excitement and adventure. Include sensory details to create a vivid picture in the reader's mind.

Bonus Tip: Encourage Reviews and Respond Promptly

Positive reviews are social proof that potential guests value. Encourage past guests to leave reviews and respond promptly and professionally to all reviews, both positive and negative.

Conclusion:

By implementing these strategies, you can optimize your short-term rental listing to attract more views, generate greater interest, and ultimately lead to a fully booked calendar and a thriving short-term rental business.

Hot News

Mortgage Rates Hit Near 3-Month Low, but the Summer Housing Market Remains in Limbo

Mortgage rates sank further this week, with the average rate for a 30-year fixed home loan falling from 6.87% last week to 6.86% for the week ending June 27, according to Freddie Mac.

“The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

Despite the slight tick down, the consistently high mortgage rate has effectively put the housing market in a holding pattern for months, leaving potential buyers and sellers in limbo.

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.