Short Term Rental Riches 100. Two Years Of STR History In A Nutshell (Opportunity Is Bursting At The Seams)
Oct 12, 2021
In the last two years, the short-term rental industry has seen remarkable growth, rebounding from the challenges posed by COVID-19. New tools and technologies are enhancing operations and visibility, making this an ideal time for investors. Key factors driving this success include increased institutional investments and a favorable market for real estate investors in the US. The discussion also highlights essential principles guiding successful real estate ventures and offers an optimistic outlook on future opportunities in short-term rentals.
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Power of Consistency in Success
- Consistency in daily habits drives significant long-term success in real estate investing.
- Small consistent actions compound into big achievements over time.
Resilience of Short-Term Rentals
- Short-term rentals have endured the COVID travel shutdown better than hotels.
- The unregulated large number of individual hosts helped STRs thrive during the pandemic.
STRs Gain Massive Visibility
- Visibility and cultural presence of short-term rentals has grown drastically.
- Netflix shows and popular music mentioning Airbnb confirm STR mainstream acceptance.
