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Grow faster in today’s market with short-term rental data. Use STRSCOUT at checkout and save 10% off off your AirDNA Pro Subscription.

🔥 Dive into this week's email:

• Riviera Maya, Mexico: Preview STR deals coming soon in Tulum and Playa del Carmen.

• STR Classifieds: Catch the latest and greatest in STR opportunities.

• Airdna STR Tools: Elevate your investment game with essential tools, from free insights to premium tools.

• Airbnb Summer Release: Discover Airbnb’s new extraordinary experience icons, new release.

• News Nuggets: Stay ahead with the latest economic, real estate, and STR regulatory updates.

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Exciting STR Discoveries in Riviera Maya, Mexico!

We concluded our STR scouting tour on Friday, forging valuable local STR connections, making new friends, and discovering prime STR opportunities along Mexico's pristine Caribbean coast for our subscribers. Here's a preview of what's coming:

• An exclusive 8-unit boutique hotel in Tulum with a robust $500K cash flow, complete with onsite staff and an established client base and room to grow.

• New build turnkey luxury villas in Tulum’s premier location, boasting huge returns and built-in equity on delivery.

• New build, (high-ROI) turnkey townhome villas, along the path of new infrastructure growth with easy access to new Mayan train.

• Opportunities for (8) to buy turnkey fractional partnership shares in luxury STR mansions, clearly defined exit strategy, best-in-class management management, $1M+ equity upon completion, net cash flow projections (15%+).

• Access to our new “STR Hot List”! Pre-negotiated off-market STR exclusive discounts with sellers and top local developers, for STR Scout subscribers.

• “Fly & Buy” scouting tours in Tulum and Playa del Carmen, to help connect our community members with the best local STR real estate brokers and STR developers.

Stay tuned to be first in line for these unrivaled opportunities, it will be fun!

Happy Scouting,

Andy Thoms
STR Scout

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📊 STR Data Plans: Unlock the power of top-tier data to enhance your rental strategy. Explore

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STR FEATURED PROPERTIES

Modern Comforts Await: Your Ultimate Candler Retreat

🏡 $629K | Candler, NC: Modern 4br 4ba home, spanning 2356sqft of tailored comfort. Revenue projections indicate a lucrative potential, with average hosts earning $90k-$116k and super hosts up to $144k annually. Meticulously designed for both comfort and convenience, the home features a spacious oversized deck perfect for entertaining, complemented by a fenced backyard and mature landscaping. The screened-in porch offers seamless kitchen access, ideal for relaxing evenings. Situated in the vibrant heart of Candler, this property is just minutes to West Asheville and a mere 15-minute drive from downtown. A haven of modern living awaits. View Property Details

STR Agent: Tyler Coon
Text or Call: +1-828-620-2541

STR CLASSIFIEDS | OFF-MARKET PROPERTIES

🧮 Bookmark Airdna’s Calculator to estimate your earnings potential on any STR homes for sale.

🌲 $250K | Northern MI: Off-market furnished cabin. Grossed $29K past 12 mo. 48 reviews, 4.85⭐ rating. 5.65 acres with creek, 2 pole barns. Upgrades: new metal roof, triple-pane windows, full remodel. Selling to buy a dream home. View Post.

$759K | Blue Ridge, GA: Top-performing STR off-market. Page #1 in Airbnb rankings. Total annual revenue $113,086. View Post.

$250K | Mesick, MI: Off-market fully furnished cabin with 48 reviews, 4.85 rating. Total annual revenue $29K. Monthly expenses detailed. List price includes new metal roof, triple pane windows, 200 amp panel, full remodel, 5.65 acres, creek, 2 pole barns. View Post.

$375K | Warsaw, KY: Turnkey off-market Airbnb property in scenic waterfront setting. 3 beds, 2 baths, 2300+ sqft, game room, vaulted ceiling, garage. Near ARK Encounter & Creation Museum. Gross income: $48K (2022), $45K (2023). View post.

$599K | Palm Springs, FL: 2 beds / 2 baths. 2300+ sqft. Two-door garage. Game room, Vaulted ceiling, Recently renovated. Prime location near attractions. Gross Income: 2022: $48,000, 2023: $45,000. View post.

STR CLASSIFIEDS | LISTED PROPERTIES

🧮 Bookmark Airdna’s Calculator to estimate your earnings potential on any STR homes for sale.

$1.999M | Kailua Kona, HI: Two fully furnished, turnkey properties in a private oceanfront community on The Big Island. 4-bedroom Airbnb and adjacent 2-bedroom with ocean views. Great investment opportunity. View post.

$699K | Hudson Beach, FL: Turnkey vacation rental grossed $88k last year. 3 bed, 2 bath, 1432 Sq ft, double lot, 118' water frontage, saltwater pool, outdoor kitchen, boatlift, tiki hut, fully furnished including kayak & paddleboard! View Post.

$499K | Bryson City, NC: Renovated 2 bed, 3 bath + 1 bed/studio STR. $50k income in 2023. 10 min to Smoky Nat'l Park. View Post.

$835K | Galveston, TX: Historical home used for STR, fully furnished if buyer is interested. View Post.

$230K Each | Branson, MO: Dual 3-bed/2-bath units near Branson Strip, Silver Dollar City, and Table Rock Lake. Ideal for families and groups. Seamless transition with cleaner and handyman in place. View Post.

$799K | Joshua Tree, CA: Thriving 5-unit, 10-acre property with single-family residence. Airbnb success since 2015, grossing over $1M from 2019-present. All stats readily available. View Post.

$1.250M | Branson, MO: Fully furnished 8-bed, 7.5-bath STR with brand new construction. Grossed $60,000 in 2023, on track for $120,000+ in 2024. $115,000 in furnishings included. Ideal location near Table Rock Lake and Silver Dollar City. COA $489/month. View Post.

$339K | Salisbury, NC: Loft condo above a boutique in charming downtown area. Contents negotiable. Enjoy southern charm and historic preservation. Conveniently located between Charlotte and Winston-Salem. View Post.

$835K | Nashville, TN: Back on the market! Fully furnished STR with stocked supply closet. Assistance with Metro permit process available. Future bookings extend to September. NOO-STR zone, rare find in Nashville. View post.

$885K | Lake Arrowhead, CA: Fully renovated A-Frame, top STR in the area. Big winter market income, busy summers. Selling due to relocation. Ready for renting with existing bookings. View post.

$489K | Southern VT: Fully furnished log cabin with 3 bedrooms, 2 baths. Close to Mount Snow & Stratton Mountain. Wood burning stove, new roof, laundry, community amenities. Ready for nightly or seasonal rental. View post.

$450K |Sioux Falls, SD: Turnkey Airbnb/Vrbo/Furnished Finder home with 4.98 star rating. Grossed over 48K in 2023. Sleeps up to 12. Historical District. View post.

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2024 Summer Release: Airbnb introduces Icons—extraordinary experiences from the world’s greatest icons

Airbnb has launched a new category called Icons, featuring unique experiences hosted by renowned figures in various fields like music, film, art, and sports. This initiative allows guests to immerse themselves in imaginative environments previously only accessible in dreams.

Key Takeaways:

• Introduction of Icons: A new offering where guests can enjoy one-of-a-kind experiences such as staying in the "Up" house, spending a night at the Ferrari Museum, or going VIP with Kevin Hart.

• Exclusive Experiences: Icons include immersive stays in iconic locations like the Musée d’Orsay's clock room and gaming sessions with TikTok star Khaby Lame.

• Affordability and Access: Most Icon experiences are free, with all priced under $100 per guest. Guests can book these experiences through a special feature on Airbnb’s app.

• Enhancements for Group Travel: New features include shared wishlists, a redesigned messages tab for easier communication, and trip invitations with digital postcards.

• Host Upgrades: Improvements based on host feedback include an expanded earnings dashboard, updated Listings tab, and simplified app navigation.

One Big Thing:

For STR investors, sellers, or operators, Airbnb's Icons represent a potentially transformative trend in experiential travel. Offering such unique, affordable experiences could significantly increase your guest engagement and boost your demand, providing a unique edge in competitive markets.

Explore new Airbnb Icons and the new group travel features by visiting Airbnb's Official Release Page

TRENDING NEWS NUGGETS

Real Estate

🏠 Rising Home Prices Amid Economic Uncertainty: The S&P CoreLogic Case-Shiller index reveals a 6.4% increase in U.S. home prices in February, despite higher mortgage rates. This surge marks the fastest growth rate since November 2022, with San Diego experiencing an 11.4% rise — CNBC

🏠 Real Estate Economics: The National Association of REALTORS® reports the real estate market contributed 18% to the U.S. GDP in 2023, with each home sale generating approximately $125,000 in economic activity. Florida and Nevada saw contributions exceeding 23% of their GDP. — National Association of REALTORS®

📉 Florida Real Estate Downturn: Surge in home listings and stagnating prices mark a correction in Florida's real estate market, as sellers become increasingly motivated amid rising costs and slower sales — CNBC

💰 Insurance Costly Impact : Rising insurance costs due to climate risks are forcing homeowners to make tough choices, potentially driving down house prices and leading some to forgo coverage altogether — Realtor.com 

📈 Florida Housing Market Concerns: A new study highlights a troubling trend in Miami's housing market, showing homes overvalued by 34.7%. Despite a slowdown in rents and high interest rates, South Florida's housing prices continue to rise, driven by limited supply and demographic shifts — Newsweek

🏠 Stagnation in Florida and Texas Housing Markets: In Florida and Texas, home prices are stagnating despite increased supply, with areas like Cape Coral and North Port experiencing significant surges in housing availability. High insurance costs and economic factors are complicating home purchases and affecting market dynamics — Redfin

Economy

🧊 Cooling Labor Market: April's jobs report projected to show slower job growth and wage moderation, suggesting a softer U.S. labor market despite solid hiring, with an eye on future Federal Reserve rate decisions — FOXBusiness

📉 Recession Parallel: Veteran forecaster Danielle DiMartino Booth warns that the US may be mirroring China's economy by increasing its reliance on debt amid signs of a recession, highlighted by a weakening job market and rising layoffs — Yahoo Finance

📈 Credit Concerns: Small businesses in the U.S. are increasingly turning to credit cards to manage operations amidst rising inflation, with credit balances rising by 18% since 2019; analysts highlight healthy overall balance sheet conditions despite challenges — FOXBusiness

🏦 Bank Risks: Analysis of about 4,000 U.S. banks reveals 282 are at risk due to commercial real estate loans and higher interest rates, mostly affecting smaller regional banks; though not insolvent, these stresses could limit community investments and innovations — CNBC

Trends

🌊 Adriatic Appeal: Croatia's coast is attracting global real estate investors with its rich history, stunning views, and tight property market, poised for significant growth as it integrates further into the EU — Forbes Global Properties

🌍 Costa Rica Dollarization: Costa Congressman introduces a bill for dollarizing of the Costa Rican economy, aiming to stabilize the exchange rate and boost economic confidence by utilizing transparent methodologies and reducing Central Bank discretion — Tico Times

🏠 Zero Commission Real Estate: Tech company introduces Claire, the first AI-powered, zero-commission Smart Buyer's Agent in real estate. Innovative tool guides buyers from search to closing, promising a more efficient and cost-effective homebuying experience — Business Wire

✈️ AI in Travel Planning: Mindtrip, a Silicon Valley startup, launches an AI-powered travel platform designed to streamline trip planning through personalized, conversational interactions. This innovative tool integrates large language models and natural language processing to help users craft detailed itineraries in a single application — VentureBeat

STR Regulations Watch

🏡 STR Regulation Delay | Ashville: Amid intense debates and misinformation campaigns, Buncombe County's Planning Board postpones voting on short-term rental regulations, influenced by a Realtor-funded PR push. Proposed measures include zoning restrictions and permit requirements — Asheville Citizen Times

🌴 Hawaii STR Regulation: Hawaii Senate Bill 2919, backed by political and community pressure post-Lahaina fire, could shift control from state to counties for regulating vacation rentals, aiming to convert them into long-term housing amidst a severe local shortage — Maui News

🗳️ York's STR Ordinance Debate: In York, Maine, a controversial proposal aims to regulate Airbnb rentals through registration, safety inspections, and activity restrictions. The ordinance, known as Article 64, has sparked widespread community debate, with signs both supporting and opposing it visible throughout the town — Portsmouth Herald

🏡 Michigan STR Legislation Update: Proposed bills in Michigan aim to introduce new taxes and registration requirements for short-term rental owners, equating their tax burden to that of hotels. The legislation seeks to better support tourist areas by funding local government needs and enhancing safety regulations — WILX

Mortgage

🏦 Conventional mortgage rate average INCREASED from prior week to 7.73%.

💸 10 Year Treasury yield DECREASED from prior week to 4.57%.

✍️ Fed FOMC Meeting: The Fed kept rates the same (unchanged) this week, signals rates will remain higher for longer. FOMC Transcript

📈 Higher for Much Longer: The Federal Reserve is likely to keep interest rates high until the second half of 2024 due to persistent inflation, despite a strong labor market and calls from Democratic lawmakers for earlier cuts to aid economic relief — Insider Today

🏦 Interest Rate Outlook: Federal Reserve Chair Jay Powell indicates U.S. interest rates will stay elevated as the fight against inflation continues, suggesting a delay in rate cuts despite political pressures in an election year — Financial Times