{"id":774,"date":"2021-08-26T20:51:51","date_gmt":"2021-08-26T20:51:51","guid":{"rendered":"https:\/\/beyond404realty.com\/?page_id=774"},"modified":"2021-10-26T00:10:57","modified_gmt":"2021-10-26T00:10:57","slug":"short-term-rentals-101","status":"publish","type":"page","link":"https:\/\/beyond404realty.com\/index.php\/short-term-rentals-101\/","title":{"rendered":"Short Term Rentals 101"},"content":{"rendered":"\t\t
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Frequently Asked Questions\u200b<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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everything We Can Tell You about Getting Your Feet Wet with short term rentals
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Guide to starting your passive income<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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everything you need to know Before purchasing a short term rental<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tThe Gist of Things\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tAs the short-term rental market continues to grow, many are wondering, \u201cHow can I get in on it?\u201d. Short-term rentals are often underused although highly profitable avenues of real estate investing. During this article, we will discuss why the short-term rental market is booming, what some advantages are for owning short-term rental properties, and where to start.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tWhy is the short-term rental market booming? \t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tWith millennials starting a family of their own and, in turn, taking family trips, they are paving the way for an alternative sort of stay from the traditional hotel and motel avenue. The popularity of internet booking sites such as VRBO and Airbnb has played a significant role in boosting the short-term rental market, which was once only reserved for cottages along the shores of lakes and the ocean during the summer months.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tWho is looking and where?\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tWith the endless options of location, style, and atmosphere of a rental property, virtually everyone can find a property that they truly feel at home in while away from home, or they can try something completely new such as staying in a tiny house, yurt, or cabin for instance. Another contributing factor is that as Gen Z and Millennials find their way in the working world, they have adapted more of a nomadic ideology and travel, even if for a shorter time frame is higher of a priority than generations past.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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What are the advantages ?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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01.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tEase of transaction \t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tThe most significant advantage might be the most obvious \u2013 no long-term tenants to have to chase around for rent every month. If you host your rental property through a booking site, there is a guaranteed upfront payday, unlike some troubled, long-term tenants; this means that there is no guesswork or pestering for that rental fee.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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02.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tLarge income \t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tDepending on the property, the weekly rental rate could also be significantly higher than a long-term month-to-month lease. In some cases, upwards of thousands more \u2013 location dependent. Once you get a team of dedicated people to assist you with the rentals, including a handyman and a maid for turnover services, they are also much easier to maintain with low stress and high rewards. \t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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03.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tLess Wear & Tear\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\t The advantage of having a short-term rental is that the tenants keep moving in often weekly - this means if you have furnishings, they will often see minor wear and tear than if you left them for long-term leases. This also means that the property is not used daily, significantly decreasing the utility costs.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Potential Pitfalls<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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First, you need to consider the type of property you would like; this can range from a typical vacation home with water frontage to a unique stay like a remote cabin or tiny house. Once you decide that, you will need to determine the location \u2013 this is huge! Depending on the site, there will be specific regulations surrounding short-term rentals. Ensure you have a trusted agent who can help you navigate each area\u2019s specific guidelines for your potential rental.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t Final Thoughts \t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tIs buying a property to use it as short-term rental the start of your journey to financial freedom? It could be! Consider the above discussion and look at your finances to see if you are in a position to start your search. A trusted local agent is only a phone call away! \n\n \t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Frequently Asked Questions\u200b everything We Can Tell You about Getting Your Feet Wet with short term rentals Guide to starting your passive income everything you need to know Before purchasing a short term rental The Gist of Things As the short-term rental market continues to grow, many are wondering, \u201cHow can I get in on … <\/p>\n

Continue reading “Short Term Rentals 101”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-774","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/beyond404realty.com\/index.php\/wp-json\/wp\/v2\/pages\/774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beyond404realty.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/beyond404realty.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/beyond404realty.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beyond404realty.com\/index.php\/wp-json\/wp\/v2\/comments?post=774"}],"version-history":[{"count":16,"href":"https:\/\/beyond404realty.com\/index.php\/wp-json\/wp\/v2\/pages\/774\/revisions"}],"predecessor-version":[{"id":869,"href":"https:\/\/beyond404realty.com\/index.php\/wp-json\/wp\/v2\/pages\/774\/revisions\/869"}],"wp:attachment":[{"href":"https:\/\/beyond404realty.com\/index.php\/wp-json\/wp\/v2\/media?parent=774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}