Short term rental investment

 

Short term rental investment

 

In recent years, the concept of investing in short-term rentals cottagecreekvineyard has been booming around the world and in France in particular. France is also Airbnb's second largest market in the world, after the United States. Interesting fact: of over half a million airbnb listings in France, 80% are outside of Paris. So there are many short-term rental investment opportunities, even and especially outside of Paris.

 

This boom is the result of several factors: (1) the tourism revolution in Europe with the advent of low-costs, cottagecreekvineyard.com which has enabled strong growth in weekend trips and (2) the evolution of customer demand , towards more private, individualized, less preformatted holiday accommodation like hotels. (3) And these same hotels that have not taken the turn of the evolution of new consumer demand, which has largely contributed to the explosion of airbnb, short term rentals abritel, homeaway, etc.

 

And a new fact, the business clientele appreciates the short term rentals which change from the hotel and offer common areas / kitchen etc. very useful for business travelers.

 

Short-term rental cottage creek vineyard has therefore become a promising segment of real estate investment . Here are our tips for success in this segment.

 

short-term rental client

 

Tip # 1: Where to invest in short-term rentals? short term rental Morgan hill

As always in real estate: Location, location, location!

 

Tourist areas

coasts with sun and sea all year round

Mountain villages which are popular for skiing in winter and hiking in summer

Regions which are prime destinations all year round, for example around Mont Saint Michel

Cities with amusement parks that are open almost all year round (Disneyland, etc.)

Large houses with large exteriors, short term rental housing suitable for large families and meetings (business or vacation)

If you choose your location, on a destination like this, you will potentially receive a constant flow of tourists every year; tourism demand generates reservations and income, it is mathematical, if it is of course that the property is developed for seasonal rental.

 

 

 

Tip # 2 - Showcase your property for short-term rental

Above all, of course, our first advice is to make a solid and lasting renovation . It is obvious that with many entries and exits, short term rental apartments a short-term rental property suffers more than a long-term rental property, whether bare or furnished.

 

Then, on the furnishing side , opt for contemporary , light, which is not necessarily overpriced; Whenever possible, avoid 100% IKEA, which shows up very quickly in photos, and can scare some customers away. More advice in this article from La Pause Immobilière

 

Offer hotel standards: 2 pillows per person, hotel quality sheets, Nespresso machine, flat screen, very good internet.

 

And especially the step that everyone neglects: photography - call a pro with a wide-angle camera. Do not save 200 Euros after 200,000 Euros of investment. This step is key because all short-term rental clients choose their accommodation based on the photographs. There are some great photo services available online like Photopresta .

 

decoration short term rental

 

Tip # 3 - How to best market your property for a short-term rental

Here are the 4 secrets to successfully marketing your short-term rental property:

 

Write a very detailed ad so as not to constantly answer the same questions

Put the photos in a logical order : overview, zoom on the living room then the bedrooms

Price according to the goods of the airbnbSuperHosts in your neighborhood; the price, per night or per week, of your property is a key factor in the booking decision so it must be set in an educated and thoughtful way.

Respond to resa requests very quickly , via your phone on which you can load the airbnb, booking, homeaway etc. apps. - if you do not have the time, do not embark on the adventure alone and use the service of a concierge (see below)

 

 

Tip # 4 - How to boost your short-term rental yield?

Returns of around 10% are obtained by investing in real estate organized for short-term rentals. For two main reasons:

 

the market is growing and no longer just tourism: business travelers, teachers, family reunions are also your future customers.

income is the price per night multiplied by occupancy, often worth 2 or 3 times a monthly rent. For example in Lille, a 2-room apartment in the Center which rents 800 Euros per month can be rented per night for 60 to 80 Euros. See the interview with Hélène in Lille, an expat from Shanghai who has invested in short-term rentals.