Here’s my bull case for STRs. The STR asset class is the most misunderstood. You can call it a real estate investment, but there’s more to it than that. You can also call it hospitality, but you’re not a full time hotelier. The truth is that it’s both. And in that way it’s

This is a pretty clever way to sell STRs that creates a lot value for all sides: - buyers - gives access to more STRs - sellers - allows you to get in front of buyers easily and quickly - agents - as a listing agent I would be an early adopter and as a buyer's agent I would

Yesterday: let’s lower min stay to 2 nights to encourage weekday bookings Today: let’s decline that weekday 2 night booking

Is STR Competition a Zero Sum Game? I've been thinking unique Airbnb experiences (especially when drivable) aren't a zero sum game within a market Many homes are experiences in and of themselves and others enable new types of travel e.g. large homes for groups People will

Anybody know what the “rare find” badge means on Airbnb?

STR # 1 2 3 4

Regulatory Arbitrage of STRs The biggest source of value in STR investing is the zoning permit that allows you to operate it as a STR. There are other ways to create value e.g. through operations, but this one alone can be worth 20% of the asset value or more. It can be

This encapsulates a lot of my feelings about STR investments recently

Amazing statistic about Airbnb hosts. Unlike many other asset classes that are dominated by Wall St, billionaires, and large institutional investors, STRs are by and large benefiting small individual investors and real estate owners.

Every Airbnb guest in their review: "We'll definitely be coming back!" Me waiting for them to come back

Palm Springs will be an interesting case study for other vacation market citizens and regulators that might have the urge to prohibit or severely limit STRs and the knock on effects such as lower home prices, less tourism, less taxes, fewer jobs, etc. Will be interesting to see

Pretty striking trend in STRs vs hotels in Asheville, NC Data is till 20-21 but the trend is clear: STRs went from 12% of hotel rooms sold to 83% from 2016-2020 Ironically this was taken from the OM of a boutique hotel Tourism report also recognizes STRs as an important

Turnkey Lakeview Poconos STR Recently renovated 3 bedroom, 1 bath 4.97 review score, 76 reviews, guest favorite Hot tub, firepit Full basement gameroom w/ pool, air hockey, rock wall $65,716 '23 actual gross revenue Listed for $325,000 (1 day on market)

Hard hitting journalism from the LA Times about Palm Springs home price "free fall" after STR cap "why can't people get the STR premium without having STRs" "why LTRs aren't as lucrative as STRs in vacation markets" cc @rohindhar https://t.co/5pGFtX2jay

They finally did it. A STR home that is wall-to-wall bedrooms 9 bedrooms across a 2,800 square foot split level Plus a catwalk deck * Please do your diligence on requirements to operate as a 9 bedroom STR