On this week's episode of Short Term Rental Management, Luke dives into the current real estate market conditions in spring 2025, highlighting a significant slowdown in home sales, particularly in the vacation rental space. He shares personal insights from his recent property shopping experiences, noting that many 2021-era "COVID hosts" are looking to sell, often at a loss, while new buyers are hesitant due to economic uncertainty and interest rate fluctuations. Luke emphasizes that while the market is slow, this presents a prime opportunity for savvy investors to acquire properties at a discount. He also reassures hosts that competition is decreasing as more short-term rental owners exit the market, making management easier for those who remain.
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For more information on how to get into short term rentals, read Avery Carl's Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
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