🏠Boost Your AirBnB ROI: Must-See Picks + News | #016

Today’s Insights

• Top Investment Properties

• Knowledge Rundown: 3 Part Series on Creating Unique Experiences - Part 2: Engaging Your Guests: From Pre-Arrival to Post-Stay

• Hot News: America’s Top 10 Rental Markets: Sweet Spots With Plenty of Jobs, Affordable Homes, and Fun Things To Do

• Productivity: 5 Short Term Rental Tools to boost your productivity for Creating Unique Experiences

New Releases

5352 Birch Trl, Honor, MI 49640

This is the Secret Sweet Spot that you have been waiting for in Northern Michigan that all the locals rave about ! 4bed/2baths Vaulted ceilings in dining/kitchen/Living areas. Across from Riverside Canoe Livery ! Easy walking distance to FOUR fabulous pristine water ways. 1.) Platte River- 2.) Platte Lake 3.) Loon Lake 4.) Lake Michigan !-one mile easy walk through picturesque wide wooded trails, ( through Platte River Campground across road). Newer 1400 sq ft House with finished basement built in 2012 . Generac back-up generator for when those big storms roll in off Lake Michigan. This house was built for long term low maintenance and is more spacious than it looks like on the outside. Finished lower level with a large bedroom that fits 2 king size beds. Huge bonus is the custom built large screened porch with beautiful light wood finished vaulted ceilings with fan. garage is extra large 2 car with additional storage areas.

🏠Quick Stats:

• $549,900

• 4 BR / 2 BA

• 1,400 sq/ft

💰Projections:

• Average Daily Rate: $558

• Occupancy Rate: 53%

• Projected Revenue: $107,500/yr

• Projected Operating Expenses: $26,900/yr

• Projected Net Operating Income: $80,600/yr

• Projected Gross Yield: 19.5%

Price Reduction

28621 State Road 14, Washougal, WA 98671

Welcome to your slice of paradise nestled in the heart of the stunning Gorge National Scenic Corridor. Sitting proudly on 1.11 acres spread across two separate tax lots, the second tax lot can be built on. The main house boasts two cozy bedrooms, one bathroom with a stall shower and tile floor. The kitchen is fully remodeled with butcher block counter tops, floating shelves, white cabinets, and stainless-steel appliances. The separate living quarters upstairs has its own entrance with a fully remodeled kitchen, 1 bedroom, 1 bathroom with stall shower, subway title, vanity with granite countertops. Open the French doors and step onto the back deck, where panoramic views of the sprawling property await. The entire home has new siding, roof, hot water heater, electrical, plumbing and is freshly painted. Plenty of storage with a attached garage and separate workshop. Whether you're seeking a peaceful retreat or an entertainer's paradise, this home offers the best of both worlds. So come, make yourself at home, or perfect for a destination Airbnb and start living the life you've always dreamed of in this enchanting Gorge getaway.

🏠Quick Stats:

• $549,900

• 3 BR / 2 BA

• 1,882 sq/ft

💰Projections:

• Average Daily Rate: $455

• Occupancy Rate: 72%

• Projected Revenue: $119,800/yr

• Projected Operating Expenses: $30,000/yr

• Projected Net Operating Income: $89,900/yr

• Projected Gross Yield: 21.8%

Over 90 Days + Price Reduction

1909 D St, South Lake Tahoe, CA 96150

Welcome to a home that defines comfort and convenience. Nestled near scenic trails, shopping, local beaches, and restaurants, this 3 Bedroom 2 Bathroom home has undergone thoughtful and tasteful upgrades, transforming it into a haven of modern living. Elevate Your Work-Life Balance with a Dedicated Office Space and separate work nook, both ideal for remote work. Step inside, and you'll find the lower level adorned with fresh paint and new baseboards, creating a bright and inviting atmosphere. The downstairs also features durable luxury vinyl flooring, designed to withstand the demands of daily life and to keep your home looking stylish. Both bathrooms have been elegantly remodeled, offering a touch of luxury to your daily routine. Convenience meets security with a smart lock on the front door, granting you keyless access. All new outlets on the first floor ensure your electronics and appliances are powered seamlessly. The kitchen is a delight, boasting granite countertops, hardwood cabinets, and a suite of stainless steel appliances. Upstairs, laminate flooring adds a touch of warmth and durability to the living spaces. Stay comfortable year-round with zoned heating, thanks to wall heaters.

🏠Quick Stats:

• $699,000

• 3 BR / 2 BA

• 1,867 sq/ft

💰Projections:

• Average Daily Rate: $497

• Occupancy Rate: 52%

• Projected Revenue: $95,100/yr

• Projected Operating Expenses: $30,200/yr

• Projected Net Operating Income: $64,900/yr

• Projected Gross Yield: 13.6%

Knowledge Rundown

Creating Unique Experiences Series

Part 2: Engaging Your Guests: From Pre-Arrival to Post-Stay

In the first part of this series, we explored the power of crafting unique experiences to elevate your short-term rental and cater to today's experience-driven travelers. Now, let's delve into the art of engaging your guests throughout their stay, fostering a sense of connection and exceeding expectations from pre-arrival to post-checkout.

The Power of Pre-Arrival Excitement:

The guest experience doesn't begin at check-in. The moment a guest books your rental, the opportunity to build excitement and create a positive first impression arises. Here's how:

• Personalized Welcome Emails: Go beyond the generic booking confirmation email. Send a personalized message welcoming the guest, thanking them for choosing your rental, and expressing your enthusiasm about their upcoming stay.

• Local Recommendations: Based on the information you gather during the booking process, provide guests with curated recommendations for restaurants, attractions, or activities that align with their interests. Include a mix of popular spots and hidden gems to showcase your local knowledge and insider tips. Consider offering exclusive discounts or partnerships with local businesses to further enhance the value proposition.

• Information Beyond the Basics: Provide guests with an information package that goes beyond the typical rental details. Include a neighborhood guide highlighting nearby amenities, public transportation options, and essential information like Wi-Fi passwords and check-in procedures. This not only reduces inquiries upon arrival but also demonstrates your attentiveness to detail.

Creating a Warm Welcome:

First impressions matter. Here are ways to ensure a smooth and welcoming arrival experience:

• Streamlined Check-In: Offer contactless check-in options using smart lock technology or key codes. This provides flexibility for guests and eliminates the need for a face-to-face interaction upon arrival, especially if they are traveling late at night.

• Welcome Basket: Leave a thoughtfully curated welcome basket featuring local treats, a handwritten note expressing your welcome, and a map highlighting interesting local spots or hidden gems. This personalized touch demonstrates your care and adds a special touch to the arrival experience.

Staying Connected Throughout the Stay:

Once guests are settled in, maintain open communication channels to address any questions or concerns they may have:

• Guest Communication Platforms: Utilize dedicated guest communication platforms that allow for seamless communication. This allows guests to inquire about amenities, request recommendations, or share feedback conveniently.

• Availability for Support: While providing guests with privacy and space, be readily available for questions or assistance. Offer multiple modes of communication, such as phone calls, text messages, or a dedicated messaging app within the platform.

A Fond Farewell and Lasting Impression:

The guest experience doesn't end at check-out. Here's how to ensure a positive and lasting impression:

• Post-Stay Thank You Email: Send a personalized thank-you email after the guest's stay, expressing your appreciation for choosing your rental. Encourage them to leave a review and offer a discount or incentive for future bookings.

• Request for Feedback: Include a brief feedback survey in your post-stay email to gather valuable insights into guest satisfaction and identify areas for improvement.

Building Relationships and Repeat Business:

By engaging your guests throughout their stay, you not only enhance their experience but also foster a sense of connection. This can lead to positive reviews, repeat bookings, and loyal guests who become brand advocates for your short-term rental.

Additional Tips:

• Utilize guest feedback to continuously improve your guest engagement strategies.

• Personalize your communication whenever possible to make guests feel valued and welcome.

• Consider offering loyalty programs or referral rewards to incentivize repeat bookings.

By prioritizing guest engagement throughout their stay, from pre-arrival excitement to a warm farewell, you can create a memorable experience that keeps guests coming back for more. This not only fuels your business growth but also fosters a positive reputation and strengthens your brand within the competitive short-term rental market.

Stay tuned for Part 3 of this series, where we'll explore how technology can be leveraged to personalize the guest experience and create a sense of ease and convenience for your guests.

Hot News

America’s Top 10 Rental Markets: Sweet Spots With Plenty of Jobs, Affordable Homes, and Fun Things To Do

To find the best rental markets, the data team ranked 325 cities and towns with a population of more than 75,000 located within the 50 largest metro areas on the following factors, in terms of what makes a place great for renters.

This includes analyzing rental affordability, which is estimated by rent-to-income ratios, as well as rental availability. It also takes into account job stability, estimated by the forecasted unemployment rate as well as the number of job opportunities, based on online jobs availability data, and the average commute time to work. The analysis also considered the number of renters among households over the age of 25.

Continue Reading → Here

Productivity

5 Short Term Rental Tools to Supercharge Your Productivity for Creating Unique Experiences

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

2. SkillShare: While not specific to Airbnb, these online learning platforms offer a wealth of creative courses. Explore options like "Crafting the Perfect Welcome Basket" or "Curating Unique Experiences for Guests."

3. Facebook Groups: Search for local Facebook groups dedicated to your city or region. These groups can be a great way to connect with local businesses, artisans, and event organizers who might be interested in collaborating with you.

4. IGMS: Stock your Airbnb with local treats, drinks, and toiletries. This small gesture shows guests that you care about their experience and want them to feel welcome.

5. AirBnBExperience: Connect with local vendors who can provide unique experiences for your guests.