Airbnb Real Estate Agent

STR Real Estate

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Short Term Rental Real Estate Agent

As a fellow Airbnb investor, I'm dedicated to finding the perfect short-term rental properties to grow your investment portfolio. Let's unlock your financial success together.

STR Real Estate Investing

STR Real Estate Investing

The STR Real Estate market in Arizona is strong and on a growth trajectory. As a STR investor myself, I am constantly keeping tabs on the market, demand, and regulations for STRs. Because of my own investment portfolio, I offer a unique perspective to other STR investors who are looking for a STR Real Estate Agent

Not just any agent can effectively help you navigate the STR market. There is a unique set of skills that real estate agents need when helping clients identify and purchase a Short Term Rental property. In addition to this, be sure the real estate agent that you choose has access to the best-in class tools for analyzing short term rental properties. This includes software subscriptions to high-end tools that can help you analyze market data and projected occupancy rates.

Arizona Short Term Rental Market

Arizona has been a hot-spot for Short Term Rental investing for a few years. There is a growing interest amongst investors in using SFR as short term rentals due to the high cash on cash potential that these properties can bring. Because of Arizona’s temperate year-round climate, Arizona has high travel demand, even in the heat of summer. Properties with pools do exceptionally well year-round as some travelers will pay significantly more for short term rentals with a pool, no matter the time of year. This also works to drive up occupancy during the hot summer months. Properties with a pool are three times more likely to be occupied during Arizona’s slow season than properties that do not have a pool.

Arizona is growing in population and popularity. Airbnb investors from across the world are flocking to Arizona to purchase profitable Airbnb properties that offer them exceptional cash-flow. As an Airbnb Real Estate Agent, I work with my clients to help them find the perfect property for their STR Real Estate needs.

Airbnb Real Estate Agent

Airbnb Real Estate Agent

As an Airbnb real estate agent, I work with Airbnb investors to find the right airbnb property to add to their investment portfolio. When investing in airbnb properties, it is important to use a real estate agent that understands the ins and outs of owning and renting an Airbnb property.

As an Airbnb investor myself, I understand what it takes to run a profitable and successful Airbnb business. With years of experience in this field, I pass this knowledge on to my Airbnb investor clients.

When I represent clients as an Airbnb real estate agent, I am sure to understand their investing goals. I work with my clients to come up with a fully documented and in-depth investment strategy from the beginning of our business together to after we part ways. I work with clients to not only find them an Airbnb property, I help them set it up as an Airbnb, coordinate getting the property ready to be listed, and set up the systems and software that are necessary to run a successful Airbnb property.

When choosing an Airbnb real estate agent be sure that the agent has experience in the Airbnb and Short term rental field. Airbnb transactions are a unique type of real estate transaction that not all real estate agents have experience with.

STR Real Estate is one of the fastest growing trends in the Arizona Real Estate Market. Because of the potential ROI that a STR can provide, traditional investors are becoming increasingly interested in converting long-term rentals into STRs and purchasing STRs for their portfolio.

Things to consider when investing in STR

Things to Consider When Investing in Short Term Rentals

When investing in STRs, be sure to make an informed decision. Take into considering the following tips when making a STR investment:

  • Location- the very first step in the process is identifying a location that has high traveler demand year-round. This means choosing a place with a steady demand without extreme seasonality

  • Cash on Cash Return - Be sure you have an understanding of a realistic Cash on Cash return you would like to accomplish with your STR investment. Having this number before you start the buying process will help you rule out properties that do not hit this metric.

  • Cost to Furnish - If you are buying a luxury unit, you need to furnish it with luxury furnishings (and this can get expensive quickly!). If you are buying an economy unit, basic furnishings will work. Be sure you consider the cost to furnish your property when running your metrics.

  • Cost to Manage- If you do not plan on managing the property yourself be sure to work in the cost of property management into your numbers. Most STR managers charge around 20% of the top line revenue. If you plan on self-managing be sure you understand just how much work goes into this.

  • Long-term Appreciation- I highly advise investing in areas that have long-term appreciation potential. Otherwise you could get stuck with a property that is underwater.

  • Market Saturation- How saturated is the market that you plan on investing in? Be sure to look at the quantity of rental in your immediate area. For example, an area like Scottsdale, Arizona is highly saturated. Contrast this to an area like Glendale, Arizona. Glendale, Arizona is an excellent place to invest in STR properties due to the high demand and low saturation.

  • Local Regulations- be sure you do extremely in-depth research on the market regulations in the area. Do not break any laws by running your STR. Additionally, be sure to do research on the potential for future regulations.

  • Potential for Long-term rental use- Be sure to hedge your bets by purchasing a property that would also cash-flow as a long-term rental. In the case your STR isn’t profitable, you could easily convert it to a long-term rental if you purchase correctly on the front-end of the transaction.

My Past Clients

Arizona STR Real Estate

Arizona STR Real Estate

Arizona offers a unique opportunity for STR investors to purchase a property at a relatively low purchase price and turn it into a STR in a matter of weeks. Because of the business-friendly economic environment, Arizona STR is a growing trend among real estate investors.

As a STR investor myself, I know the Arizona STR market extremely well and I offer an experienced perspective on how to purchase and operate a profitable STR.

When shopping for a Short Term Rental, it is important to have a target market in mind and do thorough market research. It is not uncommon for two similar properties to perform vastly different, even if they are just a mile or two apart. This is due to the hyper-locality of real estate, amenities, and traveler demand.

Markets like Scottsdale, Arizona are quickly becoming over-saturated with short-term rentals, causing prices to drop and overall occupancy to decline. Markets like Peoria, Arizona, on the other hand, have extremely high long-term potential as the demand for that market is growing and the market saturation is very low.

As a real estate agent who works with short term rental investors, I would love to chat about the markets that offer the best long-term potential based on market trends.

Things to consider when investing in STR

Common Misconceptions when investing in STRs

As a real estate agent who represents STR investors, there are common misconceptions about investing in STRs that everyone should be aware of:

  1. It is easy money— it’s not! Purchasing, setting up, and running a STR is extremely time intensive and takes a lot of dedication to do right.

  2. It’s “mailbox” money - see above! STR investing is hands on. There is no way to “set it and forget it”

  3. Any property can work as a STR-absolutely not! Be sure to check the HOA, local regulations, and local demand. Not every property is created equal

  4. STRs are just a trend- wrong! STR investing is here to stay, especially here in Arizona as it brings in hundreds of thousands of dollars in tax revenue every year.

  5. Short Term Rentals are a pain- not true. Yes, they can be a pain to manage. But with the right systems in place, you can automate a lot of the daily tasks.

It is important to do your due diligence when purchasing a short term rental. I have worked with countless STR investors who believed they could “get rich quick” by simply purchasing a SFR and listing it on a STR booking site.

This is why it is imperative to work with a Short Term Rental Real Estate agent who has experience in the short-term rental market. I work with STR investors to help them find and purchase properties that meet their criteria and have years of experience finding and purchasing short-term rentals of my own.

I am a STR Real Estate agent that works with STR investors to help them find and purchase a profitable STR property.

Arizona STR Real Estate

Short Term Rental Consulting

As an experienced and proven Short Term Rental investor, I also offer STR consulting to investors and anybody looking to get started in investing in short term rentals.

Starting your short term rental portfolio is no easy task and it is important to do your due diligence when purchasing a short term rental. As a STR consultant, I work with my clients to understand what their goals for their short term rental are and work side by side with them on implementing a strategy that will help their investment be a success.

What I include:

  • Systems set up an integration - I help my STR clients set up the needed systems and integrate them together into their property manager or channel manager

  • Listing design and editing - I use best practices, learned from years of STR investing, to set up and design my client’s STR listings. This includes creating original and highly converting content

  • Market research - I help my clients research their target market and identify the best market and location to purchase their STR.

  • Auto-message set up - I work with my clients to set up the appropriate auto-messaging system to help them respond to guests and give them the best information

  • Property design - I help clients understand where they should spend money on their property, and what areas they should hold back on. For example, there is no ROI in buying “luxury” furniture, where as investing in a pool heater can drive an additional $10,000 in revenue per year.

STR meaning in Real Estate

STR Meaning in Real Estate

STR in Real Estate is an abbreviation for “Short-term Rental”. STR is often used to referred to properties that are listed on Airbnb, VRBO, Google Homes, or any other vacation rental platform. STR is a growing trend amongst real estate investors as STRs can offer a high return on investment with relatively low start-up costs. STR can also be referred to as STRs, which is simply the plural version of the abbreviation — short term rentals

The term “short-term rental” is a relatively new term amongst investors and has gained notoriety with the rise in popularity of Airbnb and VRBO. Short term rental investing is becoming a major source of income for real estate investors as the cash on cash returns that a property can provide is normally unmatched by other long-established real estate investing means.

Even in high interest rate environments, short term rentals have the potential to cash-flow and provide investors with a great return on investment. If a property is able to cash-flow in high-interest rate environments the long-term potential for that property is exceptional as the owner can refinance once the rates come back down.

Contact Me!

Glendale Realtor - Daniel Pitner