🔥 Explore 21 New STR Deals Across 11 Markets.

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See how much rental income is possible. Don’t leave money on the table. Get your personalized income estimate today.

Hello STR Scout Members,

In this weeks issue:

🏡 Explore 21 new STR deals across 11 markets.

📰 Trending Short-Term Rental, Economic, and Housing News.

Thank you for a member of our STR investor community.

Kind regards,

Andy Thoms
STR Scout

😎 Success in real estate starts with buying wisely—money is made when you acquire property at the right price and in the right phase of the market cycle, and realized when you sell at the right moment.

TOGETHER WITH VACASA

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In nearly all markets we operate in, we booked more nights on our owner’s calendars that other property managers.

And, on average, a Vacasa owner sees 33% more guest bookings than our competitors.

See how much rental income is possible. Don’t leave money on the table. Get your personalized income estimate today. You have nothing to lose and potential cashflow to gain.

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FSBO | OFF-MARKET STRs

$328K | Gulf Shores, AL: 2BD, 2BA condo across from the Gulf in low-density complex. West Beach area, 1 mile from The Hangout. Rent-ready or update with $5K seller concessions. FSBO options. View Post

$370K | Hendersonville, NC: 3BD, 2.5BA home used as STR from '21-'23. Earned $60K in '21, $53K in '22, and $45K (partial) in '23. 30 mins from Asheville. View Post

$463K | Orange Beach, AL: Remodeled 1BD, 1BA gulf-front condo. Airbnb with high occupancy. Snowbird-friendly with indoor/outdoor amenities. Seller financing available. View Post

$480K | Stratford, WI: 3BD, 2BA plus loft turnkey Amish-built log cabin on 10.6 acres with private pond. 2600+ sqft, two sheds, new HVAC (2024), roof and furnace (2018). 1031 exchange. View Post

$499K | Cape May, NJ: 3BD, 1.5BA turnkey STR with game room. Pet-friendly with hardwood floors and closed fence for privacy. No HOA, proven success with 2 years of profitable operation. View Post

$705K | Louisville, KY: Ohio River home with new deck, exterior paint, appliances, and interior updates. Previous STR revenue of $70K/yr. Furnished. View Post

ACTIVE STR LISTINGS 

$144K | Baiting Hollow, NY: 2BD, 1BA seasonal cottage in beachfront community. Features vaulted ceilings, floating floor, front and back decks, and outdoor shower. Furnished, ready to enjoy. View Post

$225K | Englewood, FL: 2BD, 2BA turnkey condo near Manasota Key Beach. Private pool, indoor laundry, and gulf views. Low HOA. Ideal for beach and boating enthusiasts. View Post

$225K | Englewood, FL: 2BD, 1BA turnkey condo with pool view. Private community pool, indoor laundry with cabinetry, and fenced terrace. 10 minutes to the beach. Low HOA. View Post

$300K | Punta Gorda, FL: 2BD, 1BA home with updated kitchen, hurricane impact windows, tiled shower, and tankless water heater. No rental restrictions, near downtown Punta Gorda. View Post

$320K | Punta Gorda, FL: 3BD, 2BA home with 1698 sqft. Features granite countertops, vaulted ceilings, screened lanai, solar panels, and fenced yard. Low HOA, newer roof. View Post

$400K | Nashville, TN: 1BD, 1BA fully furnished STR with private patio. Community pool, speakeasy, outdoor entertainment, and observation deck with downtown views. 2 miles from Broadway. View Post

$440K | Pocono Mountains, PA: 4BD, 1BA turnkey Scandinavian-inspired cabin in Locust Lake Village. Includes two adjacent lots, wood-burning fireplace, and walking distance to lakes. View Post

$499K | Nashville, TN: 1BD, 1BA turnkey property in Midtown near Vanderbilt and Centennial Park. Grossing $25K/year in first 8 months. 2 miles from downtown. Located in 30th Lofts. View Post

$625K | Stuart, FL: Fully remodeled 3BD, 3BA duplex with 1662 sqft. Metal roof, new AC units, private fences, and city sewer. Projected $70K gross in 2024. Turnkey income property. View Post

$725K | Lake Harmony, PA: 5BD, 3BA updated chalet with 2226 sqft. Features wood-burning fireplace, heated bathroom floors, game room, expansive deck, and fire pit. Mountain charm. View Post

$725K | Idyllwild, CA: 3BD, 3BA main home with ADU and RV parking. $90K STR revenue in last 12 months, with potential for $100K+ renting ADU. Includes jacuzzi, sauna, and remodeled kitchen. View Post

$780K | Nashville, TN: 3BD, 3BA income-producing STR with skyline views. Features quartz countertops, stainless steel appliances, and wood floors. 5 mins from downtown. NOO-STR eligible. View Post

$899K | Dripping Springs, TX: 4BD, 3BA STR with 2219 sqft main house, game room, guest apartment, plunge pool, fire pit. $110K revenue (July '23-June '24). Fully furnished. View Post

$1.85M | Whitefish, MT: 7BD, 4BA estate on 5 acres with panoramic mountain views of Glacier NP and Whitefish Mountain. Features include exposed beams, bonus room, and oversized garage. View Post

$2.699M | Sedona, AZ: 4BD, 3BA 3644 sqft luxury home on 2 acres with panoramic 360° views. Fully remodeled, STR-ready, no HOA. Spa-like courtyard with hot tub, sauna, and cold plunge. View Post

Trending Economic News:

📉 The August jobs report highlights a labor market showing signs of easing but still proving resilient. With 187,000 jobs added, the unemployment rate has nudged up to 3.8%, signaling a slight cooling in the economy, which may bring some relief to inflationary pressures. Read more.

⚠️ However, despite job growth, layoffs surged in August, climbing 217% compared to the same time last year. Challenger’s latest report indicates that while employers prepare for a potentially rocky 2024, hiring is lagging significantly, pointing to growing caution in the labor market. Read more.

⏳ With these employment trends, recession fears are once again bubbling to the surface. Analysts are watching two key indicators: weakening consumer demand and high interest rates, which could signal a downturn as early as mid-2024. Read more.

💳 Meanwhile, credit card debt in the U.S. continues to soar, surpassing $1 trillion. With the cost of living still elevated, particularly in housing and essential services, more Americans are leaning on credit cards to make ends meet. Read more.

📈 This spike in debt is also reflected in rising delinquency rates across major card issuers. As consumers struggle to keep up with payments, analysts are watching for broader impacts on the financial system and personal bankruptcies. Read more.

🏢 The pain is not isolated to personal credit, with U.S. banks seeing a rise in delinquencies tied to office loans. As remote work reshapes the commercial real estate landscape, many office buildings are struggling to stay afloat, adding another layer of risk to the banking sector. Read more.

Trending Housing News:

🏡 Florida and Texas remain hot spots in the U.S. housing market, but challenges are brewing as both states face affordability issues. High demand, limited supply, and increasing property costs are making home ownership less accessible for many, driving interest toward condos and smaller units. Read more.

📊 Nationally, the Q2 2024 housing impact report reveals that interest rates and elevated home prices continue to weigh on the market. Foreclosures and distressed properties have seen a slight uptick, but overall, the housing sector is proving resilient amidst broader economic uncertainty. Read more.

🏙️ Investors are seizing opportunities in Detroit, where the real estate market offers relatively affordable entry points. With lower costs and high potential returns, the city is becoming an attractive spot for savvy investors looking to capitalize on growth potential in undervalued markets. Read more.

Trending Short-Term Rental News:

🛏️ In a shifting trend, demand for lower-tier accommodations in the U.S. has moved from hotels to short-term rentals. With affordability playing a crucial role, travelers are increasingly turning to platforms like Airbnb for budget-friendly options over traditional hotel stays. Read more.

🏔️ Colorado mountain towns are feeling the strain of increased short-term rental activity, prompting some communities to introduce new taxes on rentals. These levies aim to offset the rising cost of housing for residents, who are increasingly squeezed by the influx of tourists. Read more.

🌺 Questions about the credibility of Airbnb reviews have surfaced, particularly in destinations like Hawaii. Many travelers feel that the platform’s review system doesn’t accurately reflect the true experience, casting doubt on the reliability of feedback posted by previous guests. Read more.

🌴 As prices for Hawaii vacations soar, many visitors are finding the once-dream vacation destination increasingly out of reach. With a combination of high short-term rental rates and rising costs for flights and activities, Hawaii's tourism economy faces new challenges. Read more.