🏠Boost Your AirBnB ROI: Must-See Picks + News | #014

Today’s Insights

• Top Investment Properties

• Knowledge Rundown: 3 Part Series on Prioritizing Guest Safety - Part 3: Sustainable Partnerships and Guest Engagement

• Hot News: The 8 Most Electric Vehicle-Friendly Markets for Renters

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

New Releases

3552 Cherokee Ave E, Las Vegas, NV 89121

This beautifully renovated single-story home offers an ideal blend of comfort, luxury, & modern convenience. It comes with 5 bedrooms & 3 bathrooms, this residence is designed to accommodate families and guests with ease. Upon entering, you are greeted by an open space layout that flows seamlessly throughout the home. The custom kitchen cabinets, complete with self-closing features, & breakfast bar & offer ample storage space. Brand new kitchen appliances add to the allure, ensuring a seamless culinary experience. Luxury plank vinyl flooring throughout the home gives an elegant touch. For added convenience, a separate laundry room equipped with a washer and dryer. The master bedroom exudes tranquility and relaxation, featuring an attached retreat for an office or a versatile nextgen suite with its own entry, complete with a closet, bathroom, living area, and bedroom space. The backyard features a pool, spa, & covered patio for outdoor entertainment. Come check it out!

🏠Quick Stats:

• $535,000

• 5 BR / 3 BA

• 2,214 sq/ft

💰Projections:

• Average Daily Rate: $404

• Occupancy Rate: 57%

• Projected Revenue: $83,900/yr

• Projected Operating Expenses: $26,300/yr

• Projected Net Operating Income: $57,600/yr

• Projected Gross Yield: 15.7%

Price Reduction

6013 Shiner Dr, Fort Worth, TX 76179

Welcome to this stunning 4 BR, 2.5 Bath home featuring a beautiful pool perfect for relaxation and entertaining. The pool has a beautiful stone water feature a nice tanning ledge and a very spacious outdoor area great for entertaining friends and family. The open kitchen boasting a large island with granite countertops, gas range and tile flooring. French doors lead to a dedicated office space, offering a quite retreat for work or study. The primary bedroom located on the main floor, is oversized and includes a spa-like tub. Upstairs, you'll find a spacious game room, a large media room, Three bedrooms and a full bath a perfect place for the kids to hang out and for the family to watch movies together. Family movie night will be a life long memory.

🏠Quick Stats:

• $439,000

• 4 BR / 3 BA

• 2,745 sq/ft

💰Projections:

• Average Daily Rate: $299

• Occupancy Rate: 47%

• Projected Revenue: $51,000/yr

• Projected Operating Expenses: $12,700/yr

• Projected Net Operating Income: $38,200/yr

• Projected Gross Yield: 11.6%

Over 90 Days + Price Reduction

2826 E 17th St, Indianapolis, IN 46218

Welcome to your next modern shotgun-style home located in the center point of the city! This refurbished 3 bedroom charm sits on a corner lot and offers a master ensuite, all new flooring, drywall, tiled bathrooms, and canned lights for a modern touch. The kitchen has extensive cabinet space and a separate area for your very own bar top! The property also features a spacious back yard/ patio and a 3-car driveway fully fenced in with the house. Come see this amazing home before it's gone!

🏠Quick Stats:

• $175,000

• 3 BR / 2 BA

• 1,302 sq/ft

💰Projections:

• Average Daily Rate: $249

• Occupancy Rate: 45%

• Projected Revenue: $41,100/yr

• Projected Operating Expenses: $12,100/yr

• Projected Net Operating Income: $29,000/yr

• Projected Gross Yield: 23.5%

Knowledge Rundown

Prioritizing Guest Safety Series

Part 3: Sustainable Partnerships and Guest Engagement

The final part of our guest safety series focuses on fostering a collaborative approach to safety. By establishing sustainable partnerships with local businesses and engaging your guests in safety practices, you can create a secure and responsible rental experience.

The Power of Partnerships:

Collaborating with local businesses can significantly enhance safety measures and guest experiences. Here are some potential partnerships to consider:

• Local Security Companies: Partner with a local security company to offer discounted security system installations or monitoring services for your rental. This can deter potential break-ins and provide guests with peace of mind.

• Fire Safety Professionals: Collaborate with fire safety professionals to conduct regular inspections of your rental property and offer fire safety training sessions for guests.

• First Aid Training Providers: Partner with first aid training providers to offer basic first aid courses for yourself or consider equipping your rental with a first aid kit.

Engaging Guests in Safety:

Guests play a crucial role in maintaining a safe environment. Here's how to encourage their participation:

• Clear Communication: Provide guests with clear and accessible information on safety procedures and emergency protocols. Include this information in your house rules, welcome guide, and a designated location within the rental.

• Safety Briefings: Consider offering a brief safety briefing upon guest arrival, highlighting key safety features, emergency exits, and contact information.

• Interactive Resources: Leave informative brochures or guides showcasing local emergency services or safety tips specific to your area.

Sustainable Practices for Guest Engagement:

When promoting safety practices, consider a sustainable approach that benefits both guests and the environment:

• Digital Resources: Utilize digital resources like welcome emails or online guides to communicate safety information, reducing reliance on paper handouts.

• Eco-Friendly Amenities: Offer eco-friendly first aid kits or provide reusable water bottles with safety reminders.

• Partner with Local Sustainability Initiatives: Collaborate with local businesses promoting sustainable practices, like bike rentals or farmers markets, and showcase them as safe and enjoyable guest activities.

Effective Communication During Emergencies:

Open and clear communication is paramount during emergencies:

• Emergency Contact Information: Provide guests with readily accessible emergency contact information for local authorities, hospitals, and yourself.

• Develop an Emergency Response Plan: Have a plan in place for responding to emergencies, outlining procedures for contacting emergency services and handling evacuation if necessary.

• Maintain Open Communication Channels: Be readily available to answer guest questions and address any safety concerns throughout their stay.

Building Trust and a Culture of Safety:

By prioritizing safety, fostering partnerships, and engaging guests in responsible practices, you can create a culture of safety within your short-term rental. This collaborative approach builds trust with guests, strengthens your reputation, and ultimately contributes to a successful and sustainable short-term rental business.

Remember:

• Regularly review and update your safety protocols to ensure they remain effective.

• Stay informed about local safety regulations and best practices.

• Encourage guest feedback to identify areas for improvement in your safety measures.

By prioritizing guest safety and fostering a collaborative environment, you can ensure your short-term rental experience is not only enjoyable but also secure and worry-free for everyone involved.

Hot News

The 8 Most Electric Vehicle-Friendly Markets for Renters—and How To Find Rentals With EV Chargers

While electric vehicles are growing in popularity, renters are three times less likely than homeowners to own an EV. One possible reason for this is the lack of accessible charging stations.

“Unlike the homeowners who can charge at home, renters, especially those who live in apartment buildings, largely rely on public charging facilities,” notes Realtor.com® economist Jiayi Xu in a recent analysis by Realtor.com and Cox Automotive.

Chargers in public parking lots or at workplaces might be available to some renters, but renters understandably prefer to park—and charge up—close to home, according to a report from the University of California, Los Angeles.

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.