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🔥 Airbnb's $200m AI Aquisition - Game Changer?

This Weeks Featured STR Homes for Sale

Powerful Free Tool for Investors & Agents

Hello STR Buyers & Sellers!

Welcome to your 5-minute weekly briefing on Short-Term Rental (STR) homes for sale and industry trends. In this week's issue:

✅ 2024 Real Estate Market Prediction, presented by President and founder at Altos Research, and how you should prepare.

✅ Featured STR Homes for Sale and Top Picks.

✅ IMN SFR Investor Conference Dec 4-6 in Scottsdale. The best event. Exclusive 20% discount code for STR Scout subscribers!

✅ Today’s Big Story: Airbnb Acquires AI Company for $200m, how will it change the game?

✅ Mortgage rates trend lower, how much lower, for how long?

✅ Trending STR industry news nuggets you don’t want to miss.

Wishing you all a fantastic weekend!

The STR Scout Team

PRESENTED BY ALTOS RESEARCH
Early Prediction for the 2024 Real Estate Market Presentaion Hot off The Press and How You Should Prepare.

FEATURED STR PROPERTIES

$799,000 | Old Town Scottsdale’s Best Deal: 5/3 Turnkey Beauty Priced to Sell (below market value)

5 bed | 3 bath | 2230 sft

Revenue History: Text Francesca for more details 480-382-8514.

🏊 Heated Pool, Oversized Floorplan, Furniture Available

 🥾 Near Hiking, Phoenix Zoo & McDowell Redevelopment Area

🎯 Game Room, Putting Green, Pergola, Fruit Trees

For More Information:

Contact: Francesca Hamilton | STR Agent | Phoenix
Call or Text: 480-382-8514

💥 Sell Your STR Property | 2 Simple Steps | Reach 130000 Potential STR Buyer’s

🥇Post it in STR Homes for Sale private group 💰

🥈Feature it in STR Scout community newsletter. 💰

STR AGENTS - TOP PICKS

$1,339,000 | Beautiful 2.5 Acre, Two Homes, Views of Glacier Naiontal Park, Backs to Thousands of Acres of National Forest

💰 Revenue: Annual revenue projections over $200k.

🏡 The 2820 SF Main Home features 3 bedrooms & 2 full baths and a HUGE bonus room.

🏘 1064 SF Guest Suite has been a highly rated and successful vacation rental since 2012 and includes 2 bedrooms & 1.5 bath and is ADA accessible.

⛰ ⛷ 🐟 Close to Glacier NP, Flathead River, National Forest, Columbia Falls for shopping, dining & entertainment. Skiing at Whitefish Mountain Resort nearby!

For more information:

  • Contact: John Hayes

  • Call or Text: 850-375-4113

  • STR Agent: Whitefish and Montana Vacation Towns

$1,499,000 | Unique Ocean Access Waterfront in Fort Lauderdale with Seller Financing


💰 Revenue: $78k ytd and with a few small amenity adds the projections reach $150k

 🐚 100ft waterfront, resort style backyard, vaulted ceilings, fantastic view.

🛥 5 min boat ride or 20 min kayak ride to the downtown restaurants and bars.

For More Information:

  • Contact: Thibaud Lucas

  • Call or Text: 786-804-7797

  • STR Agent: Miami and Fort Lauderdale

$799,000 | Turnkey STR Rental Machine in a Top STR Demand Destination!

3 bed | 2 bath | 1234 sft

💰Revenue: $83k (2022) with 3 months of owner use including major holidays, $71k on the books for 2023 after the current owners block out over 2 months every winter and 2 weeks over July 4th. Add $14K to $16K if no personal use!

🏝 Strong historical cash flow with SIGNIFICANT owner use!
🔥 Instant income conveys with 2024 bookings!
🏢 Complex has been completely renovated with all new boardwalk, gym, a brand new roof, new windows, sliding doors, and railings.

For More Information:

  • Contact: Reagan Davis

  • Call or Text: 601-988-7956

  • STR Agent: Gulf Shores and Orange Beach, AL

$750,000 | Kona Hawaii Turnkey with $100k Income

2 bed | 2 bath | 1028 sft

💰Revenue: 2023 almost $100k booked, $60k net (not including debt service). Strong bookings through March 2024.

🏄‍♀️ Across from popular “Surf Beach”.

⭐️ SuperHost status, self managed, complete turnkey deal.

 🔥 Solid net income for area with low HOA and expense ratio.

For More Information:

  • Contact: Cole Schlack

  • Call or Text: 808-620-2541

  • STR Agent: Big Island-HI, Kauai, Oahu

$1,250,000 | Experience Ultimate Luxury and Recreation at 10 Thistledew Ln Your Short-Term Rental Oasis with Private Pickleball Court, Stables, and More

💰 Revenue: Projected revenue $149k (low), $164k (avg), $212k (high end)

 🏓 🏀 🎾 Paradise with Private Pickleball, Tennis, Basketball Courts and More!

 🔥 Prime Location: Situated on 4.6 acres 10 Thistledew Ln offers easy access to Biltmore Park, the Asheville airport, and the charm of south Asheville.

🏠 Living Spaces: With three bedrooms upstairs and a complete secondary living space downstairs with its own exterior entrance, this home is incredibly versatile.

For more details:

Contact: Tyler Coon
Call or Text: 828-620-2541
STR Agent: Ashville and surrounding communities
[email protected]

INDUSTRY EVENT
Attend The Largest SFR Investor Event: Networking, Education, Market Updates from Nations Leading Experts.

  • IMN’s series of SFR conferences have been considered the de facto gatherings for the industry since their inception 11 years ago, featuring a “Who’s Who” of SFR buyers, ranging from large institutional groups to “fix & flippers”, lenders, and service providers/vendors. 

  • Over 2,000 SFR professionals are expected to convene this December 4-6 in Scottsdale at the must-attend event for the industry's calendar, where attendees will establish connections, generate business, and learn from SFR pioneers driving this space forward.

  • Register using code STRVIP20 (enter on credit card page) for a 20% Discount for new registrations here:

PS - I have attended since 2014. The best event for real estate investors.

Airbnb News Release: Airbnb has Acquired GamePlanner.AI for Estimated $200m in Secretive Deal

Introduction:

Airbnb has recently acquired GamePlanner.AI, a stealth AI company led by industry veterans Adam Cheyer and Siamak Hodjat. Airbnb CEO Brian Chesky emphasizes the unique combination of AI, design, and community expertise that sets GamePlanner.AI apart, believing that AI has the potential to significantly impact our world, provided it enhances humanity positively.

Key Points:

  • GamePlanner.AI, led by Adam Cheyer and Siamak Hodjat, is a 12-person AI company known for its expertise in AI, design, and community-driven solutions.

  • Airbnb, already utilizing AI across its services, sees the acquisition as an opportunity to accelerate specific AI projects and integrate GamePlanner.AI's tools into its platform.

  • Adam Cheyer, co-founder of Siri and Viv Labs, brings a wealth of experience in AI and previously worked alongside Steve Jobs. Siamak Hodjat led the natural language processing team for Siri at Apple and the largest engineering team for Viv Labs at Samsung.

  • Both Cheyer and Hodjat share a commitment to using AI to facilitate human connection, aligning with Airbnb's vision. The focus is on creating well-designed, community-driven interfaces and practical AI applications.

  • Airbnb's recent AI initiatives include large language models, computer vision models, and the introduction of an AI-powered Photo Tour tool in the 2023 Winter Release.

  • The acquisition reflects Airbnb's recognition of the transformative potential of AI and its commitment to leveraging technology to enhance the user experience and foster meaningful connections.

It will be interesting to see what the future holds for how Airbnb uses AI to enhance the Airbnb guest and host experience.

MARKET WATCH

⬇️ 30-year Fixed Mortgage: Trending down for a second week in a row averaging 7.44%, as of Thursday, November 16th. 👍 👍

⬇️ 10 Yr Treasury: The 10 year treasury yield ripping lower again this week to 4.43% as of Friday, November 17th headed in the right direction! 👍 👍

INDUSTRY NEWS NUGGETS


💥 Boutique Hotel Boom: Digital Nomad startup raises $350m to buy 150 boutique hotels, adding to their 50! Skift

🥷 Fighting Back: Keller Williams hires former U.S Solicator Paul D. Clemont to fight back, who has argued over 100 cases with the supreme court. Candy’s Dirt

🦠 NAR Lawsuit Contagian: Is spreading like a virus in Texas. New class action lawsuit goes after 29 defendants, including real estate team. D Magazine

🚐 Road Trippin Santas: 20 million planning RV trips this holiday season, 30% increase over 22, within 3 hours of home. Cision

 🔥 Airbnb Stock on Fire: Skyrockets 5% after the acquistion of GamePlanner.AI is announced. Investor Place

🆓 Seller Freebies: Sellers and builders are giving away price concessions like free cookbooks on Tik Tok. 35% of deals now have concessions. Redfin

👀 LTR Rental Market Tracker: Increasing LTR rental inventory is driving up vacancy rates and pressuring rent growth. Redfin

⬇️ Builder Confidence Drops: 6 points to 34 in November marking the 4th consequetive month and 22 point drop since July. Builders slashing prices and offering huge price concessions. National Mortgage Professional

🗯 LA Rich Mansion Owners in Panic Mode: Cracks in the real estate market go all the way to the top. Major headwinds for luxury STR, LTR, and luxury sales. Zero Hedge

🎉 Marti (Party) Gras Airbnb Warning - New Orleans: Mayor warns travelers to be careful booking travel, your home may be shut down. Stringent crack down on illegal Airbnb’s imminent, commercially zoned properties exempt (interesting niche)! Gambit

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