🏠Boost Your AirBnB ROI: Must-See Picks + News | #012

Today’s Insights

• Top Investment Properties

• Knowledge Rundown: 3 Part Series on Prioritizing Guest Safety - Part 1: Creating a Secure and Prepared Rental Experience

• Hot News: Real Estate Investors Are Snapping Up a Record Share of Homes—Especially in These 5 Affordable Cities

• Productivity: 5 Short Term Rental Tools to boost your productivity for Digital Guidebooks

New Releases

514 S Dallas St, Baltimore, MD 21231

Welcome to 514 S Dallas Street, Baltimore, MD! Boasting over 1,900 sqft of living space, this gorgeous 3-bedroom, 3-full bath, CHAP Tax Credit townhome is a true gem. This home was completely renovated from head to toe in 2019 and it has been meticulously maintained. As you enter the home, you'll be greeted by light-reflecting hardwood flooring throughout. The bright living room features recessed lighting and classic exposed brick, creating a warm, inviting atmosphere, and displaying that Baltimore charm. The sun-filled gourmet kitchen is a chef's dream, with bright granite countertops, stainless steel appliances including a gas range and range hood, recessed lighting, and floating wood shelving. Access to the rear deck is right off the dining area. On the first upper level, you'll find two spacious bedrooms, two full baths, and the laundry. The first bedroom features a vaulted ceiling with skylights and plenty of closet space. A hallway full bath with tile flooring, frameless shower door, rainfall shower head, and subway tile surround, along with a convenient laundry closet, add to the home's appeal. The second bedroom also offers natural light, an attached full bath with a tub-shower, and a large closet. The second upper level is dedicated to the primary bedroom suite, which spans the entire floor. This luxurious space features hardwood flooring, recessed lighting, and a private deck where you can unwind and enjoy views of the city. The primary bath is a spa-like retreat with a dual vanity, soaking tub, separate frameless glass shower doors with subway tile surround, and tile flooring. Recent upgrades include a brand new roof and the benefit of five years of CHAP tax credit (buyer to verify), as well as potential eligibility for Live Near Your Work and other grant programs (buyer to verify). This home enjoys easy access to commuter routes and is conveniently located within walking distance to Little Italy, Harbor East, and downtown Fells Point, offering many choices of restaurants, shops, parks, and spas. Shopping and outdoor activities are nearby. With so many desirable features, this home simply must be seen!

🏠Quick Stats:

• $450,000

• 3 BR / 3 BA

• 1,900 sq/ft

💰Projections:

• Average Daily Rate: $324

• Occupancy Rate: 55%

• Projected Revenue: $65,500/yr

• Projected Operating Expenses: $21,700/yr

• Projected Net Operating Income: $43,800/yr

• Projected Gross Yield: 14.6%

Price Reduction

3036 Ocean View Dr, Las Vegas, NV 89117

Welcome Home to this beautifully remodeled, 2-story home with 4 bedrooms and spacious backyard with in-ground pool in the Section Seven Community! Stunning interior finishes, custom floor to ceiling tiled fireplace, ceiling fans, modern lighting, laundry room with washer/dryer hookup, high ceilings, and laminate wood flooring throughout! Enjoy the customary kitchen with garden view, recessed lighting, tiled backsplash, white shaker cabinets, stainless steel appliances and breakfast bar with sitting area. Spa like, contemporary bathrooms dual vanities with custom cabinets framed mirrors, lighting, beautiful modern tiled showers with rainfall shower heads & built-in niche, and a separate bathtub in primary.

🏠Quick Stats:

• $634,999

• 4 BR / 3 BA

• 2,161 sq/ft

💰Projections:

• Average Daily Rate: $358

• Occupancy Rate: 64%

• Projected Revenue: $83,800/yr

• Projected Operating Expenses: $25,700/yr

• Projected Net Operating Income: $58,100/yr

• Projected Gross Yield: 13.2%

Over 90 Days + Price Reduction

5221 Hurst Dr, Columbus, GA 31904

Discover the potential of this expansive 4-bedroom, 2-bathroom residence, encompassing 2656 square feet of living space ripe for transformation. This split-level abode is perfectly positioned seconds from the picturesque Columbus River . Located near the heart of Uptown Columbus, the property is surrounded by an array of fine dining, diverse shopping experiences. This totally remodeled home features a separate entertainment room featuring a custom bar perfect for entertaining. Brand new roof, exterior and interior paint, Lvp floors throughout, remodeled kitchen with granite countertops and backsplash all new lighting and plumbing fixtures as well as recess lights. The backyard is spacious offering lots of possibilities.

🏠Quick Stats:

• $269,900

• 4 BR / 2 BA

• 2,656 sq/ft

💰Projections:

• Average Daily Rate: $146

• Occupancy Rate: 56%

• Projected Revenue: $30,000/yr

• Projected Operating Expenses: $10,400/yr

• Projected Net Operating Income: $19,600/yr

• Projected Gross Yield: 11.1%

Knowledge Rundown

Prioritizing Guest Safety Series

Part 1: Creating a Secure and Prepared Rental Experience

In the dynamic world of short-term rentals, providing a comfortable and enjoyable stay is essential. However, there's an even more crucial aspect that takes precedence: guest safety. Your short-term rental should be a haven where guests feel secure and prepared for any situation. This first part of our guest safety series delves into the importance of prioritizing safety, common hazards, and strategies for creating a secure and prepared rental experience for your guests.

The Importance of Guest Safety:

Prioritizing guest safety goes beyond just good business practice. It's a legal responsibility for short-term rental hosts. Neglecting safety measures can lead to serious consequences, including:

• Guest Injuries: Accidents within your rental can result in guest injuries, potentially leading to lawsuits and hefty financial burdens.

• Property Damage: Unforeseen safety hazards, like malfunctioning appliances or faulty electrical wiring, can cause damage to your property.

• Negative Reputation: News of safety incidents can quickly spread online, damaging your reputation and hindering your ability to attract future guests.

By prioritizing guest safety, you can create a secure and comfortable environment that fosters positive reviews, strengthens your brand image, and minimizes potential liabilities.

Strategies for Creating a Secure and Prepared Rental Experience:

Here are some key strategies to mitigate safety hazards and create a secure rental experience for your guests:

• Fire Safety Essentials: Ensure your rental has working smoke detectors and carbon monoxide detectors in all required locations, including sleeping areas. Provide a fire extinguisher that is properly charged and easily accessible. Develop a clear evacuation plan and display it prominently in the rental.

• Security Measures: Invest in sturdy deadbolt locks for all exterior doors and consider reinforcing window locks. Installing a security system with features like motion detectors or remote monitoring can further enhance security.

• Regular Maintenance: Conduct regular inspections of your rental property to identify and address potential safety hazards like loose railings, faulty appliances, or damaged electrical wiring.

• Pool and Hot Tub Safety: If your rental has a pool or hot tub, ensure proper fencing meets local regulations. Post clear safety instructions and provide basic pool supplies like life jackets and pool noodles.

• Addressing Slip and Fall Hazards: Fix any uneven surfaces, ensure proper drainage in bathrooms and kitchens, and provide adequate lighting throughout the rental, especially on stairs and walkways.

Building a Safety Culture:

Beyond implementing these measures, fostering a safety culture is essential. Consider the following:

• Guest Screening: Implement a guest screening process to verify identities and ensure responsible guests who are aware of and committed to safety rules.

• Clear House Rules: Establish clear house rules that outline guest expectations regarding safety measures, responsible behavior, and noise levels.

• Emergency Information: Provide guests with a clear and accessible list of emergency contact numbers, including local hospitals, fire departments, and your contact information.

By prioritizing guest safety and taking proactive steps to mitigate potential hazards, you can create a secure and prepared rental experience for your guests. This builds trust, strengthens your reputation, and sets the foundation for a successful and worry-free short-term rental business.

Stay tuned for Part 2 of this series, where we'll delve into risk management and legal considerations for short-term rental hosts!

Hot News

Real Estate Investors Are Snapping Up a Record Share of Homes—Especially in These 5 Affordable Cities

The average homebuyer might be feeling sidelined under the weight of high interest rates, but real estate investors are stepping in to snatch up a record share of homes.

Investors made up 14.8% of home purchases in the first quarter of 2024—the highest percentage in the data’s history (dating to 2001), according to the Realtor.com® 2024 Q1 Investment Report.

In 2023, investors claimed an average of 13.1% of homes sold each month, down slightly from 13.8% in 2022. But that number is on the rise.

Continue Reading → Here

Productivity

5 Short Term Rental Tools to Supercharge Your Productivity for Digital Guidebooks

1. RueBaRue: Beautiful, interactive digital guidebooks for vacation rentals. Guests access via app or web link.

2.  TouchStay: Easy-to-build guidebooks with check-in info, manuals, Wi-Fi passwords & local tips. Accessible on any device.

3. Folio: Sleek, professional guidebooks for rentals & hotels. Drag-and-drop editor, integrates with booking platforms.

4. HouseGuide: Offers a user-friendly platform for crafting digital guidebooks. Guests can access them on any device without needing to download an app. HouseGuide boasts seamless integration with various rental platforms and includes features like video tutorials for appliances.

5. Hostaway: Built-in digital guidebook for basic info, integrates with other rental management tools.