How to Find the Perfect Rental Properties for Short-Term Rental Investors<\/strong><\/h2>\nInvesting in property for Airbnb purposes does not necessarily mean that this property cannot also be your primary residence. Of course, in an ideal world, an interested buyer would identify a property, perhaps even new construction houses or condos, to invest in and rent via Airbnb. This is not the only way to enter the Airbnb industry.<\/p>\n
Rental arbitrage<\/a>, sub-letting, and renting out one of the bedrooms in your house or apartment are all less risky<\/a> than finding an Airbnb for sale and making a purchase. You can explore other ways of making money from Airbnb properties by becoming a co-host or a private property manager.<\/p>\nCheck the Local Short-Term Rental Legislation<\/strong><\/h2>\nSome local governments have stepped in to put a stop to the influx of short-term renters. For obvious reasons, these areas should be avoided by property investors. The best way to ascertain what the rules and regulations are is to check the area\u2019s local government website. Also, consult the Airbnb Help Centre and do some independent research<\/a>.<\/p>\nNew York, for example, has been through a short-term rental reform period. According to Shared Economy Tax<\/a>, \u201cThe New York City Airbnb law says it\u2019s illegal to rent apartments for fewer than 30 days in most buildings, particularly Class A dwellings. Generally, Class A dwellings include buildings with three or more permanent residential units. Rentals can exceed 30 days if the owner is on-site while the unit is being rented\u201d.<\/p>\n![\"Vacation](\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2023\/06\/pexels-the-lazy-artist-gallery-1642125-1-1024x575.jpg\")
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Use Markets by DPGO<\/strong><\/h2>\nWe\u2019re exceptionally proud of Markets! The insights that we\u2019re able to offer have helped so many hosts identify their next vacation home rental investment.<\/p>\n
Anyone can access Markets<\/a> for free, all you need to do is visit the Markets webpage, enter the name or area code of your target location, and view the associated insights. Markets will show you market supply (the number of active units in the defined area), average daily rate, the occupancy rate for the area, day of the week price factor, a breakdown of the minimum night stay requirements, the occupancy rate according to the day of the week, and a helpful map showing you where the listings are located.<\/p>\nWe chose the above insights to display because we think they give potential investors a key snapshot of the market\u2019s overall health and will help them make an informed decision about the viability of that short-term rental location.<\/p>\n
![\"**Dynamic](\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2021\/07\/1200x580-For-Blog-2-1024x495.png\")
<\/p>\n
Choose the Right Property Type<\/strong><\/h2>\nWhen looking for vacation rental properties to buy, you need to decide the type of short-term rental property that you want to invest in. This will depend on your investment budget, the popularity of specific listing types in your target area, and the level of maintenance and attention that you\u2019re able to provide to your listing.<\/p>\n
Markets by DPGO shows what we call \u2018market supply\u2019, which shows you the total number of active listings within that locale. But we\u2019ve gone a little bit deeper and we also display the short-term rental property type breakdown within that total market supply figure. You\u2019ll see which property types are most common, which will help you pinpoint the demand in your target short-term rentals market.<\/p>\n
Investing in an Airbnb property that is not close to your main residence does not mean that you cannot make a success of it. We recently did a post on the tools and technologies that remote Airbnb hosts need to run an optimized short-term rental business<\/a>. Use these tools in conjunction with the steps outlined in this blog post and you\u2019ll be laughing all the way to the bank.<\/p>\n![\"DPGO](\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2020\/11\/Main-Illustration-2-1024x577.png\")
<\/p>\n
Decide on Your Target Guest<\/strong><\/h2>\nWe\u2019ve already done a post on optimizing your rental property for families<\/a>, but it might be a better idea to identify your target guest before you start property hunting.<\/p>\nSuppose you know that you want to attract couples for a romantic getaway. In that case, you know that a one-bedroom property with features like lovely views, lots of privacy, double basins, and perhaps even a double shower would be best suited for guests.<\/p>\n
Check the Local Short-Term Rental Legislation<\/strong><\/h2>\nSome local governments have stepped in to put a stop to the influx of short-term renters. For obvious reasons, these areas should be avoided by property investors. The best way to ascertain what the rules and regulations are is to check the area\u2019s local government website. Also, consult the Airbnb Help Centre and do some independent research<\/a>.<\/p>\nNew York, for example, has been through a short-term rental reform period. According to Shared Economy Tax<\/a>, \u201cThe New York City Airbnb law says it\u2019s illegal to rent apartments for fewer than 30 days in most buildings, particularly Class A dwellings. Generally, Class A dwellings include buildings with three or more permanent residential units. Rentals can exceed 30 days if the owner is on-site while the unit is being rented\u201d.<\/p>\n<\/p>\n
Use Markets by DPGO<\/strong><\/h2>\nWe\u2019re exceptionally proud of Markets! The insights that we\u2019re able to offer have helped so many hosts identify their next vacation home rental investment.<\/p>\n
Anyone can access Markets<\/a> for free, all you need to do is visit the Markets webpage, enter the name or area code of your target location, and view the associated insights. Markets will show you market supply (the number of active units in the defined area), average daily rate, the occupancy rate for the area, day of the week price factor, a breakdown of the minimum night stay requirements, the occupancy rate according to the day of the week, and a helpful map showing you where the listings are located.<\/p>\nWe chose the above insights to display because we think they give potential investors a key snapshot of the market\u2019s overall health and will help them make an informed decision about the viability of that short-term rental location.<\/p>\n
<\/p>\n
Choose the Right Property Type<\/strong><\/h2>\nWhen looking for vacation rental properties to buy, you need to decide the type of short-term rental property that you want to invest in. This will depend on your investment budget, the popularity of specific listing types in your target area, and the level of maintenance and attention that you\u2019re able to provide to your listing.<\/p>\n
Markets by DPGO shows what we call \u2018market supply\u2019, which shows you the total number of active listings within that locale. But we\u2019ve gone a little bit deeper and we also display the short-term rental property type breakdown within that total market supply figure. You\u2019ll see which property types are most common, which will help you pinpoint the demand in your target short-term rentals market.<\/p>\n
Investing in an Airbnb property that is not close to your main residence does not mean that you cannot make a success of it. We recently did a post on the tools and technologies that remote Airbnb hosts need to run an optimized short-term rental business<\/a>. Use these tools in conjunction with the steps outlined in this blog post and you\u2019ll be laughing all the way to the bank.<\/p>\n<\/p>\n
Decide on Your Target Guest<\/strong><\/h2>\nWe\u2019ve already done a post on optimizing your rental property for families<\/a>, but it might be a better idea to identify your target guest before you start property hunting.<\/p>\nSuppose you know that you want to attract couples for a romantic getaway. In that case, you know that a one-bedroom property with features like lovely views, lots of privacy, double basins, and perhaps even a double shower would be best suited for guests.<\/p>\n
New York, for example, has been through a short-term rental reform period. According to Shared Economy Tax<\/a>, \u201cThe New York City Airbnb law says it\u2019s illegal to rent apartments for fewer than 30 days in most buildings, particularly Class A dwellings. Generally, Class A dwellings include buildings with three or more permanent residential units. Rentals can exceed 30 days if the owner is on-site while the unit is being rented\u201d.<\/p>\n We\u2019re exceptionally proud of Markets! The insights that we\u2019re able to offer have helped so many hosts identify their next vacation home rental investment.<\/p>\n Anyone can access Markets<\/a> for free, all you need to do is visit the Markets webpage, enter the name or area code of your target location, and view the associated insights. Markets will show you market supply (the number of active units in the defined area), average daily rate, the occupancy rate for the area, day of the week price factor, a breakdown of the minimum night stay requirements, the occupancy rate according to the day of the week, and a helpful map showing you where the listings are located.<\/p>\n We chose the above insights to display because we think they give potential investors a key snapshot of the market\u2019s overall health and will help them make an informed decision about the viability of that short-term rental location.<\/p>\n When looking for vacation rental properties to buy, you need to decide the type of short-term rental property that you want to invest in. This will depend on your investment budget, the popularity of specific listing types in your target area, and the level of maintenance and attention that you\u2019re able to provide to your listing.<\/p>\n Markets by DPGO shows what we call \u2018market supply\u2019, which shows you the total number of active listings within that locale. But we\u2019ve gone a little bit deeper and we also display the short-term rental property type breakdown within that total market supply figure. You\u2019ll see which property types are most common, which will help you pinpoint the demand in your target short-term rentals market.<\/p>\n Investing in an Airbnb property that is not close to your main residence does not mean that you cannot make a success of it. We recently did a post on the tools and technologies that remote Airbnb hosts need to run an optimized short-term rental business<\/a>. Use these tools in conjunction with the steps outlined in this blog post and you\u2019ll be laughing all the way to the bank.<\/p>\n We\u2019ve already done a post on optimizing your rental property for families<\/a>, but it might be a better idea to identify your target guest before you start property hunting.<\/p>\n Suppose you know that you want to attract couples for a romantic getaway. In that case, you know that a one-bedroom property with features like lovely views, lots of privacy, double basins, and perhaps even a double shower would be best suited for guests.<\/p>\n<\/p>\nUse Markets by DPGO<\/strong><\/h2>\n
<\/p>\nChoose the Right Property Type<\/strong><\/h2>\n
<\/p>\nDecide on Your Target Guest<\/strong><\/h2>\n
![\"Short-term](\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2023\/06\/pexels-andrew-neel-5840868-1-1024x682.jpg\")
<\/p>\n![\"For](\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2023\/06\/pexels-kindel-media-7578860-1-1024x577.jpg\")
<\/p>\n![\"Real](\"https:\/\/www.dpgo.com\/go\/wp-content\/uploads\/2023\/06\/pexels-suntorn-somtong-1029243-1-1024x682.jpg\")
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