My Secret to 80% STR Occupancy During Slow Season
January 6, 2025 | 3 Minute Read After three years of running our short-term rentals, I dread our slow season – from December through February. And when I say slow, I mean dead. Last year, our average occupancy during these months is 16% below our normal average. For example, from December 1 to December 31, […]
Setting Goals to Buying a Turnkey Rental
December 2, 2024 | 3.5 Minute Read Buying a turnkey real estate investment property—one that is fully renovated, rented, and generating income—can be a low-effort way to start or expand a real estate portfolio. However, success in this type of investment requires clarity about your goals and well-thought-out strategies. First, you need to establish clear […]
Drive Occupancy in Your Short-Term Rentals with this Strategy
November 11, 2024 | 2.5 Minute Read A few months back I started exploring strategies to boost bookings across our 13 short-term rentals. In our market, monthly occupancy rates around 50% are considered average, but I aimed to improve this, especially during weekdays. In peak season, we focus on maximizing nightly rates, aiming for that […]
How to Market Your Rentals & Screen Tenants
November 4, 2024 | 2.5 Minute Read When a property becomes available for rent, our first priority is to capture high-quality photos and videos. After enhancing the images, I use film editing software to create a brief 1-2 minute video. You might wonder why include a video; let me explain. Once the media is ready, […]
How We Made $70,000 with Four Mid-Term Bookings
October 28, 2024 | 2.5 Minute Read Back in June, I started exploring ways to boost bookings and occupancy across our 13 short-term rentals, which we currently list on both Airbnb and VRBO. The answer? Mid-term rentals. This type of rental accommodates guests seeking housing accommodations of 28 days or more — a huge, untapped […]
My Short Term Rental Nightmare Hellish Week
October 7, 2024 | 2 Minute Read Managing a single short-term rental is relatively easy, but handling 13 properties across platforms like Airbnb, VRBO, Booking.com, and Booklee requires processes, systems, and automation. Tools like calendar syncing, dynamic pricing, instant messaging, WIFI locks, and Google Nest Thermostats are supposed to make management smoother—and they usually do. […]
Choosing the Best Rental Strategy for Your Property
September 16, 2024 | 3 Minute Read Last week, Carl from NYC reached out to ask about his vacant long-term rental property in Birmingham. He wondered if switching it to a short-term rental (STR) would be a profitable choice. We’ve all seen the success stories from short term rental evangelists, sharing their impressive profits and […]
Boosting Profits with Contract for Deeds
August 26, 2024 | 2.5 Minute Read Here is a creative strategy for selling real estate deals, specifically the use of Contract for Deeds (CFDs) as opposed to traditional buying methods. This approach not only enables you to generate a lump sum of cash but also creates ongoing cash flow. A Contract for Deed is […]
Rental Property Mistakes That Drain Profits
August 9, 2024 | 2.5 Minute Read Real Estate Investing, Rental Property Tips, Residential Real Estate, Landlord Advice, Tenant Screening, Property Management, Investment Mistakes, Rental Income Strategies, Real Estate Maintenance, Financial Planning, Rental Agreements, Vacancy Planning, Rent Pricing, Real Estate Survey 2024. To avoid the common pitfalls and protect your investment, here are six mistakes […]
Disconnect Between the Asking Price vs Turnkey Price
One effective way to find off-market properties is by building relationships with real estate agents who have pocket listings of distressed properties they aim to sell for cash. Many seasoned agents have investors on speed dial, benefiting from quick cash offers and, when permitted, acting as dual agents to retain the full commission without splitting […]