Episode 10 - The #1 Question I Get – What are the most profitable locations to purchase Vacation Rentals?
12m
·
Vacation Rental Revolution Podcast
·
The #1 Question I Get – What are the most profitable locations to purchase Lifestyle Assets?
There is no perfect area or property type. There are usually multiple opportunities in every market.
The better questions to ask is, How do I identify the best opportunities within a specific area?
There is not a One Size Fits All, but there are ways to identify if a particular property or location will be a good investment.
There is not one Data Source that tells the whole story
.
1. Start with Location
- Pick an area you like
- Identify the profit drivers in the area
- Where are people coming from
- What local attractions and events bring visitors
- Is the area seasonal or year round
- What do the occupancy and rental rates look like in the area
.
2. Identify Property type
- Riches are in the Niches.
- Stay in your lane
- Purchase what you know
.
3. Understanding Different Neighborhoods
- Neighborhood Demographics
- HOA & Municipal Regulations
- Purpose Build Communities VS Traditional Communities.
Cross check all your data with all of your software tools & your dream team.
.
The Lifestyle Asset University and the Empire Club was formed to introduce you to the proven processes in Acquisition, Management & Marketing of your Lifestyle Assets.
.
Lifestyle Assets are more than just short-term vacation rentals. Learn how you can build a portfolio of Lifestyle Assets that provide Lifestyle & Financial Freedom for you and your family.
.
For more content and expert advise, visit www.LifestyleAssetUniversity.com
The episode Episode 10 - The #1 Question I Get – What are the most profitable locations to purchase Vacation Rentals? from the podcast Vacation Rental Revolution Podcast has a duration of
12:58. It was first published
More episodes from Vacation Rental Revolution Podcast
Episode #171 - 4% Owner Financing On New Construction STR with David Delmar
Get your FREE Property Analysis Tool:
STR DataSense
Get Vodyssey DataSense Comprehensive Property Analysis Training & Tools for just $97:
STR DataSense powered by Vodyssey
Book a call with a Vodyssey Lifestyle Asset Pro:
Strategy Session Application - Vodyssey
Hey everyone! Welcome back to another episode of the Vacation Rental Revolution Podcast. This week I had the opportunity to interview real estate attorney and investor, David Delmar. We discussed David's journey into short term rental investing. We talked about the importance of underwriting your property accurately & being able to create an amazing guest experience to compete at the top of the market. We finished up discussing the importance of understanding seller financing and being able to use it to both the seller's & buyer's advantage as well as a powerful tool to build your portfolio in today's real estate market.
I hope that you enjoy this conversation as much as I did. I believe there is so much to learn from every journey and this one is no different.
Check out David’s Property Here:
https://www.airbnb.com/rooms/1108161946542822085
If you like what we do here at the Vacation Rental Revolution Podcast, share an episode with a friend or give us a review on your favorite podcast platform.
As always-pick one thing you can do today to build a life you don’t want to take a vacation from!
Cheers,
Shawn
Founder, Vodyssey.com
Episode #170 - Transforming Effort, Self Reliance and Commitment into Wealth
Get your FREE Property Analysis Tool:
STR DataSense
Get Vodyssey DataSense Comprehensive Property Analysis Training & Tools for just $97:
STR DataSense powered by Vodyssey
Book a call with a Vodyssey Lifestyle Asset Pro:
Strategy Session Application - Vodyssey
What’s up guys, welcome back to another episode of The Vacation Rental Revolution Podcast. On this segment of Whiskey Wednesday Dave and I discuss the concept of self-reliance in the digital age. We explore how the internet's work ethic gap is impacting individuals' pursuit of wealth and success. Through insightful discussions and real-life examples, we uncover the importance of prioritizing effort over quick cash grabs.
If you like what we do here at the Vacation Rental Revolution Podcast, share an episode with a friend or give us a review on your favorite podcast platform.
As always-pick one thing you can do today to build a life you don’t want to take a vacation from!
Cheers,
Shawn
Episode #169 - Transitioning from LTR to STR Investing with Gered De Hoogh
Get your FREE Property Analysis Tool:
STR DataSense
Get Vodyssey DataSense Comprehensive Property Analysis Training & Tools for just $97:
STR DataSense powered by Vodyssey
Book a call with a Vodyssey Lifestyle Asset Pro:
Strategy Session Application - Vodyssey
Hey everyone! Welcome back to another episode of the Vacation Rental Revolution Podcast. This week I had the opportunity to interview business owner and investor, Gered De Hoogh. We discussed Gered's transition from investing in long term rentals to selling his portfolio and switching to short term rentals. We also chatted about the challenges of launching a property in a remote area & finished up discussing the importance of have very clear property goals as you make decisions about your portfolio.
I hope that you enjoy this conversation as much as I did. I believe there is so much to learn from every journey and this one is no different.
Check out Gered’s Property Here:
https://www.airbnb.com/rooms/1042703955667647243
If you like what we do here at the Vacation Rental Revolution Podcast, share an episode with a friend or give us a review on your favorite podcast platform.
As always-pick one thing you can do today to build a life you don’t want to take a vacation from!
Cheers,
Shawn
Founder, Vodyssey.com
Episode #168 Never Stop Underwriting Your Property & What Is The Top Of The Market?
Get your FREE Property Analysis Tool:
STR DataSense
Get Vodyssey DataSense Comprehensive Property Analysis Training & Tools for just $97:
STR DataSense powered by Vodyssey
Book a call with a Vodyssey Lifestyle Asset Pro:
Strategy Session Application - Vodyssey
What’s up guys welcome back to another episode of The Vacation Rental Revolution Podcast. On this segment of Whiskey Wednesday Dave and I discuss why you should never stop underwriting your property. The market is always changing which means you should always be adapting. We also discuss what the top of the market is and how you can get there.
If you like what we do here at the Vacation Rental Revolution Podcast, share an episode with a friend or give us a review on your favorite podcast platform.
As always-pick one thing you can do today to build a life you don’t want to take a vacation from!
Cheers,
Shawn
Episode #167 Finding The Right Property That Meets Your Goals, How To Maximize Positive Reviews With STR Investor Andrea Bellofiore
Get your FREE Property Analysis Tool:
STR DataSense
Get Vodyssey DataSense Comprehensive Property Analysis Training & Tools for just $97:
STR DataSense powered by Vodyssey
Book a call with a Vodyssey Lifestyle Asset Pro:
Strategy Session Application - Vodyssey
Hey everyone! Welcome back to another episode of the Vacation Rental Revolution Podcast. This week I had the opportunity to interview Andrea Bellofiore. We discussed the importance of buying the right property that meets all of your property goals and really asking yourself “Why?” Why do you want to get in this game? We also discussed how you can receive a significant increase in your positive reviews to help bring your property to the top of Airbnb’s algorithm.
Check out Andrea’s Property Here:
https://www.vrbo.com/2578357?regionId=178247&useRewards=false&expediaPropertyId=73589429
If you like what we do here at the Vacation Rental Revolution Podcast, share an episode with a friend or give us a review on your favorite podcast platform.
As always-pick one thing you can do today to build a life you don’t want to take a vacation from!
Cheers,
Shawn