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How to capitalize on the BOOM in short-term rentals
Description
Airbnb reported revenue of $1.3B for Q2 of 2021, surpassing 2019 numbers for the same period by 10%. And as people get more and more comfortable traveling again, the short-term rental BOOM is likely to continue.
So, what can you do to capitalize on this upswing in the vacation rental market?
On this episode of Get Paid for Your Pad, Eric and I explain how the pandemic has helped facilitate STR growth, driving the popularity of unique stays in drive-to destinations.
We share our vision for the hospitality brand we’re launching soon and describe how getting clear on what you’re building makes decisions easier.
Listen in for insight on scaling a STR management business to fund real estate investments and learn how Legends X can help you take advantage of the BOOM in short-term rentals!
Topics Covered
How COVID facilitated a BOOM in short-term rentals
- People rediscovered unique places to visit near home
- Option to work/study remotely allowed for travel
What we see as the next big thing in STRs
- Unique stays in drive-to markets
- Hospitality brands
Our vision for the travel brand we’re launching soon
- Nature-inspired sites short drives from metro areas
- Experience-based tiny home + cabin communities
Why we recommend starting with a vision for your business
- Things fall into place once you know what you want
- Clarity on what you’re building makes decisions easy
What’s unique about our journey to becoming investors
- Manage other people’s properties (no cash to start)
- Scale management business to buy real estate
Who is a good fit for the Legends X STR Accelerator
- Coachable hosts who want to grow
- Excited to be part of community
Resources
Legends X Short-Term Rental Accelerator
Eric’s Instagram Post on Expansion
Email jasper@getpaidforyourpad.com
Sponsor
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