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Author: Nestor Garza
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Book Description
The report investigates the impacts of short-term rental services (STRs), such as Airbnb, Homeaway, etc., on the residential housing market and hotel/accommodation market in the city of Seattle, Washington. Our primary goal is to examine critiques against STRs to assess their empirical validity in a single case study. The paper utilizes data on from the American Housing Survey and Federal Financial Examination Council's Home Mortgage Disclosure Act Aggregate Reports as well as proprietary data from STR providers and the hotel industry for the city. First, we conduct simple Pearson's Product-Moment Correlation tests of STR listings with owner-occupancy, investment mortgage activity, and unit vacancy. We find positive correlation between STRs and owner-occupancy and find negative correlation between STRs and investment mortgage activity and unit vacancy. Second, we examine the spatial distribution of STR listings and their spatial pricing characteristics, comparing them with those of the local hotel market in an attempt to detect 'demand creation' versus demand 'market capture'. We use a Spatially Auto Regressive model to produce a standardized spatial dependence parameter, estimating both Full Maximum Likelihood and Bootstrap Errors for both the independent full samples of local block groups and the coincident small samples. In the second set of tests, we find a low degree of spatial coincidence, a greater degree of spatial diversity in STR listings (compared to hotels), and no conclusive evidence of market capture by STRs. Our conclusion is a clear lack of evidence supporting the critiques of STRs in the Seattle market. We argue there is initial evidence that STRs may support home ownership and that they serve fundamentally different segments of the accommodation market.
Author: Avery Carl
Publisher: Biggerpockets Publishing, LLC
ISBN: 9781947200449
Category : Business & Economics
Languages : en
Pages :
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Book Description
From analyzing potential properties to effectively managing your listings, this book is your one-stop resource for making a profit with short-term rentals! Airbnb, Vrbo, and other listing services have become massively popular in recent years--why not tap into the goldmine? Whether you're new to real estate investing or you want to add a new strategy to your growing portfolio, vacation rentals can be an extremely lucrative way to add an extra income stream--but only if you acquire and manage your properties correctly. Traditional rental properties are a great way to create wealth, but short-term rentals can bring in five times more cash flow than their long-term rental counterparts. Avery Carl, CEO and Founder of the Short Term Shop, will show you how to identify, acquire, and manage a short-term rental from anywhere in the country, plus how to avoid common pitfalls and overcome limitations that keep many would-be investors from ever getting started! In this book, you'll learn how to: Identify the best markets for short-term rental investing Analyze the potential income and profitability of a short-term rental property Self-manage a short-term rental right from your smartphone Build a local boots-on-the-ground team for an out-of-state investment Automate your self-management systems Use the income from short-term rentals to scale your investment portfolio
Author: Nestor Garza
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Book Description
The report investigates the impacts of short-term rental services (STRs), such as Airbnb, Homeaway, etc., on the residential housing market and hotel/accommodation market in the city of Seattle, Washington. Our primary goal is to examine critiques against STRs to assess their empirical validity in a single case study. The paper utilizes data on from the American Housing Survey and Federal Financial Examination Council's Home Mortgage Disclosure Act Aggregate Reports as well as proprietary data from STR providers and the hotel industry for the city. First, we conduct simple Pearson's Product-Moment Correlation tests of STR listings with owner-occupancy, investment mortgage activity, and unit vacancy. We find positive correlation between STRs and owner-occupancy and find negative correlation between STRs and investment mortgage activity and unit vacancy. Second, we examine the spatial distribution of STR listings and their spatial pricing characteristics, comparing them with those of the local hotel market in an attempt to detect 'demand creation' versus demand 'market capture'. We use a Spatially Auto Regressive model to produce a standardized spatial dependence parameter, estimating both Full Maximum Likelihood and Bootstrap Errors for both the independent full samples of local block groups and the coincident small samples. In the second set of tests, we find a low degree of spatial coincidence, a greater degree of spatial diversity in STR listings (compared to hotels), and no conclusive evidence of market capture by STRs. Our conclusion is a clear lack of evidence supporting the critiques of STRs in the Seattle market. We argue there is initial evidence that STRs may support home ownership and that they serve fundamentally different segments of the accommodation market.
Author: Darrow Kirkpatrick
Publisher: StructureByDesign
ISBN: 9780989283021
Category :
Languages : en
Pages : 276
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Book Description
You've worked hard, lived carefully, and saved diligently. You've reached major milestones and accumulated more assets than you dreamed possible, and yet you hesitate. ""Can I retire?"" This book will help answer that question by showing you.... The tools you need to live a secure and independent retirement, without worrying about money What you must know before leaving a career behind How much it will cost you to live in retirement, and how to manage your cash flow The current choices for retirement health care, including lesser-known but effective options The threat from inflation: two secrets that politicians and bankers will never admit A realistic assessment of the impact that income taxes will have on your retirement Social Security's role in your retirement: when you should claim and how much it's worth to you How to construct and manage an investment portfolio for income and growth in retirement About immediate annuities and why you need multiple sources of retirement income The key variables and unknowns in your retirement withdrawal equation Reviews of the best retirement calculators, and tips for how to use them accurately Beyond the simplistic 4% Rule to the latest research on safe withdrawal rates Realistic bracketing of your retirement savings needs, without over caution or overconfidence The history of economic cycles and the related asset classes for optimal retirement security A survey of strategies plus original research for how to orchestrate your retirement distributions A practical "retirement fuel gauge" alerting you to problems while you still have time to act Backup plans: the "lifeboat strategies" for ensuring you'll never be without essential income The 6 crucial questions to answer before you can retire The one, simple, powerful, non-financial reason that you can and should retire earlier than later
Author: Sherry Petersik
Publisher: Artisan
ISBN: 1579656765
Category : House & Home
Languages : en
Pages : 337
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Book Description
This New York Times bestselling book is filled with hundreds of fun, deceptively simple, budget-friendly ideas for sprucing up your home. With two home renovations under their (tool) belts and millions of hits per month on their blog YoungHouseLove.com, Sherry and John Petersik are home-improvement enthusiasts primed to pass on a slew of projects, tricks, and techniques to do-it-yourselfers of all levels. Packed with 243 tips and ideas—both classic and unexpected—and more than 400 photographs and illustrations, this is a book that readers will return to again and again for the creative projects and easy-to-follow instructions in the relatable voice the Petersiks are known for. Learn to trick out a thrift-store mirror, spice up plain old roller shades, "hack" your Ikea table to create three distinct looks, and so much more.
Author: Stephen Fishman
Publisher: Nolo
ISBN: 1413329357
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
All 2.9 million Airbnb hosts in the United State can profit from this book. The first, and still only, one of its kind, it tells hosts everything they need to know about taxes for short-term rentals, including deductions they may take, depreciation, when short-term rentals are tax-free, repairs, and tax reporting for short-term rentals. The new edition covers all the latest tax changes brought about by the Coronavirus legislation passed by Congress. These include new tax breaks that can save hosts thousands in taxes: tax credits for sick leave and family leave for self-employed hosts, employee retention credit, and tax-free treatment of landlord PPP loans Many Airbnb hosts have lost money due to the Coronavirus pandemic. This book explain if, when, and how short-term rental hosts may deduct their losses from other nonrental income.
Author: Lily M. Hoffman
Publisher: Routledge
ISBN: 1000197247
Category : Social Science
Languages : en
Pages : 150
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Book Description
How do Airbnb and short-term rentals affect housing and communities? Locating the origins and success of Airbnb in the conditions wrought by the 2008 financial crisis, the authors bring together a diverse body of literature and construct case studies of cities in the US, Australia and Germany to examine the struggles of local authorities to protect their housing and neighborhoods from the increasing professionalization and commercialization of Airbnb. The book argues that the most disruptive impact of Airbnb and short-term rentals has been on housing and neighborhoods in urban centers where housing markets are stressed. Despite its claims, Airbnb has revealed itself as platform capitalism, incentivizing speculation in residential housing. At the heart of this trajectory is its business model and control over access to data. In a first narrative, the authors discuss how Airbnb has institutionalized short-term rentals, consequently removing long-term rentals, contributing to rising rents and changing neighborhood milieus as visitors replace long-term residents. In a second narrative the authors trace the transformation of short-term rentals into a multibillion-dollar hybrid real estate sector promoting a variety of flexible tenure models. While these models provide more options for owners and investors, they have the potential to undermine housing security and exacerbate housing inequality. While the overall effects have been similar across countries and cities, depending on housing systems, local response has varied from less restrictive in Australia to increasingly restrictive in the United States and most restrictive in Germany. Although Airbnb has made some concessions, it has not given any city the data needed to efficiently enforce regulations, making for costly externalities. Written in a clear and direct style, this volume will appeal to students and scholars in Urban Studies, Urban Planning, Housing and Tourism Studies.
Author: Julie Davies
Publisher: iUniverse
ISBN: 1532052812
Category : Business & Economics
Languages : en
Pages : 380
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Book Description
Renting a room or an entire home to guests for short stays can be profitable, or it can create loss and liability. Understanding and applying proven strategies can benefit you and your guests. This book presents best practices for vacation home / short-term rental management, including an overview of this industry, regulations, accounting, marketing, reservations, guest and neighbor relations, maintenance, housekeeping, design, decor, security, technology, opportunities, challenges, and more! This is a valuable resource for all hosts, as well as the approved textbook for college courses, industry seminars, and the STR certification course. Whether youve been renting your home for years or are new to this emerging industry, there is much within these pages to help you become a better STR host. If you think you cant learn any more about the short-term rental business, think again. You can! This book runs the gamut of advising you how to operate a short-term rental with professionalism and class! This is a must for anyone in the hospitality industry; I highly recommend this small investment to better your business (Mike Jensen, longtime vacation rental host and travel broker, Fine Travel Experiences). The vacation rental class and the valuable information in this book exceeded my expectations! Learning guidelines and standards are essential to professionalizing this emerging industry (Paula Caballero, realtor, property manager, and international STR host). Often the most complicated of issues unravel unless a new course is achieved through education and open communication. Once everyone is educated on an issue and is willing to discuss it rationally, a compromise can be found (Mayor Carolyn G. Goodman, city of Las Vegas).
Author: Gaston Flores
Publisher: Independently Published
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
A complete guide on how to invest in Short Term Rentals, covering everything you need to start and work in this business. I cover the search for properties, the legal part, the team you need, furnishing, the web platforms, arbitrage, and different ways to do short-term rentals, and I also include the bad and the ugly parts of the business for you to try to avoid those issues. Everything that you will need in order to have a successful short-term rental business.
Author: Phil Laurens
Publisher:
ISBN:
Category :
Languages : en
Pages : 70
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Book Description
Every day, millions of people travel around the world and spend billions of euros on accommodation. Why don't you take your piece of the pie? The new investors were able to see the opportunity for Airbnb to generate large profits. Here's the truth: If you want to use Airbnb and short term rentals to increase your rental income, you need to know how to do it. Otherwise, you'll be like 90% of the guests on Airbnb, desperately waiting for customers. The problem is that without a clear strategy, without the best keys to fully exploit the platform, you don't stand a chance. In today's environment, it is becoming increasingly difficult to attract the best customers. That's the problem with short-term accommodation: only those with the best strategies will be able to cope, no matter what the crisis. For my part, I'm not afraid to reveal my strategies because I know there's enough money for everyone! But that is not the case for most trainers on this subject. If you want to learn how to do short term rentals on Airbnb, you can search the best strategies for free on the Internet, and lose years and probably thousands of euros ... OR you can use this guide that you will read easily in less than 60 minutes. In this book, you will learn: The big difference between Airbnb and all other matchmaking platforms Why most people fail on Airbnb and Short Term Rentals The 5 advantages of Airbnb and short term rental that you won't find anywhere else. The 7 steps to renting on Airbnb, have a high profitability and offer an unforgettable experience to your customers. And much more ! Exceptionally, we made an e-book version at the price of $2.99 instead of $9.99 for the bound version. There is no reason to even hesitate, if you take your life as an investor seriously, this book is a no-brainer. Just one knowledge of this book can allow you to double the profitability of your future apartments. The tiny investment required for this book is derisory compared to what it will bring you. Scroll up and click the "Buy in 1-Click" button to get this book for the price of a coffee!
Author: Gaston Gilbert
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
Have you been toying with the idea of investing in vacation or short-term rentals for a while and have possibly started, but the initial experience hasn't been so great? And are you looking for a guide that will help you get started with vacation rentals confidently, knowing fully well how to keep your costs low, maximize profits, give your guests an amazing experience, and more? If you've answered YES, keep reading... You Are About To Discover Exactly How To Create A Real Profitable Vacation Rental Business, Avoid Common Pitfalls, And Achieve Impressive Levels Of Success! As more people choose to stay in vacation/short term rentals over hotels and short term booking platforms keep becoming more popular, the time to get into the short term rental business has never been better. Think about it, when the pandemic is over, more than ever, people will want to visit places they have wished to visit, and the trend will continue into the foreseeable future. The fact that you are here means you are already sold to the idea of investing in short term rentals, as you've seen how it can transform ordinary people to 'hotel' owners, accepting guests from all over the world for short term stays in their properties. Perhaps you are here looking for answers to all the questions in your mind... What do you need to understand inside out if you really want to set yourself up for success from the beginning? How do you market your property so you can have a steady stream of guests? How do you increase the chances of guests having a great experience that makes them leave positive reviews? How do you manage the business effortlessly so it does not disrupt your other schedules while ensuring you keep your profits high? How do you keep your costs low and maximize income and profits? If you have these and other related questions, this book is for you, as it covers 6 golden rules that, if implemented well, will ensure you excel at short term rental business. More precisely, you will learn: The things you need to know as you get started in the short term rental space to set your business up for success Some cost items you need to know about regarding vacation rentals and why you should know about them Powerful creative tips on how to keep your expenses low How to maximize your income by applying 5 powerful strategies proven to work How to reduce the burden of managing your short term rental off your shoulders without spending a fortune while at it Effective ways to optimize your property protection plan How to take it further and scale your business Mistakes you should avoid along the way to keep your business going and profitable And much more! Even if you've never invested in anything closely related, this book will teach you everything you need to know to excel at short term rentals. Scroll up and click Buy Now With 1-Click or Buy Now to get started!
