10% Net Yields

In this week's STR Scouting Report:

• Explore High Yields in Costa Rica: We’ve discovered the hottest Airbnb investment opportunity in Costa Rica.

• Find STR Homes for Sale: This week’s best STR off-market deals, top picks, and active STR listings.

• Trending News Nuggets: Catch the latest airbnb, real estate, economic, and mortgage news trends.

• The Best Events: Mark your calendar, explore the best real estate and STR events in 2024 to learn, network, and grow.

😎 If you enjoy our weekly scouting report, please share us with a friend!

Let’s dive in!

STR Scout Team

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STR GLOBAL SPOTLIGHT
Exclusive Costa Rica Airbnb Condo Opportunity Starting at $141,000

Here's a sneak peek: This is an incredible opportunity to buy a luxury condo in one of the most desireable neighborhoods in San Jose, Costa Rica.

• Turnkey Airbnb condos starting at just $141,000.

• Unmatched value, diversification, STR experiences.

• Prime location with strong tourism and Airbnb demand.

STR HOMES FOR SALE | TRENDING THIS WEEK

😎  STR AGENT - FEATURED TOP PICKS

🏡 $939K | Bigfork, MT: Stunning 5br 4ba home, 3854sqft overlooking Flathead Lake & Mountain Views. Revenue Projections $130k-$200k. Updated, includes 4br + 1br guest suite with kitchen & separate entrance. Ideal STR, near Glacier NP. View Property Details
STR Agent: John Hayes
Text or Call: +18503754113
Website 

🏡 $665K | Maggie Valley, NC: Cozy 3br 3ba mountain retreat, 2070sqft with modern renovations. Revenue $45k-$103k. Near Cataloochee Ski, Cherokee Casino. Basement with potential. View Property Details
STR Agent: Tyler Coon
Text or Call: +18286202541
Website 🏡

😎  STR FOR SALE BY OWNER - OFF MARKET

$459K | Hampton Roads, VA: STR near beaches, universities, and downtown areas. Grossed $65,781.03 last year. Willing to sell for the right price. View Post.

$1.265M | Blue Ridge, GA: Fully furnished 4-bed, 3.5-bath cabin w/ mountain views, 3 fireplaces, hot tub, EV charger. Successful STR averaging $160K/yr. 10 min to downtown. View Post.

$528K | Bushkill, PA: Airbnb/VRBO house in the Poconos, 2 mi to Bushkill Falls. Short term permit, transferable. Gated community of Saw Creek Estates. Fully furnished. Expected annual gross over $100K. View Post.

$1.425M | Sevierville, TN: 3-cabin lot, 2 mi to Dollywood. Two 2BR cabins (1200 & 1400 sq ft) and one 1BR (950 sq ft). Must be sold together. Expected annual gross over $200K. PM for details! View Post.

$1.5M | Chelan, WA: 4+ year STR home on Columbia River. Turn-key, no rental restrictions. Avg. yearly rent $91K, $107K potential without personal use. HOA dues $565/year. View Post.

$284K | Nancy, KY: Lake Cumberland Retreat, successful AirBnb/Vrbo, 1 mi from lake. Ideal for relaxation & investment. Complete RV setup, hot tub, fire pit. View Post.

$445k | Poconos PA: Fully Turn Key Property, comes with everything you need to rent! 2023 Gross: $54k. YTD: $9600k. Future Booking: $7k. View Post.

Post your STR FSBO.

😎  STR ACTIVE LISTINGS

$1.3M | Branson, MO: Fully furnished 8-bed, 7.5-bath new construction STR. Grossed $60K in 2023, on track for $120K+ in 2024. $115K in furnishings included. Ideal location near attractions. View Post.

$284K | Nancy, KY: 3-bed, 1-bath Lake Cumberland retreat near boat ramp. Successful Airbnb/Vrbo. RV setup, hot tub, fire pit. View Post.

$1.5M | Dallas, TX: Revenue-generating Airbnb managed by hired manager. Total Payout Gross: 2021: $214,797.42; 2022: $227,339.42; 2023: $215,205.23. Texas-sized 7600 sq. ft. estate with heated pool, 6 bedrooms, 2 kitchens, game room, bar. Centrally located, self-check-in/out. View Post.

$530K | Williams, AZ: Fully furnished 3BR, 2bath Airbnb. Grossed $91K+ last year, 76% occupancy. Remodeled in 2022. 30 mins to Grand Canyon. Ideal for versatility. Reliable housekeepers, maintenance. Cash deal preferred. View Post.

$470K | Sylva, NC: Rental home near Waynesville, Great Smoky Mountains, Blue Ridge Parkway. Rushing creek, mountain views. Private, wooded lot. Previously STR with 5-star reviews, now rented full-time. View Post.

Post your STR listing.

STR HOMEOWNERS INSURANCE PARTNER

 📈 Have you checked your STR insurance premium lately? Steadily makes it easy and affordable to insure your STR properties. Find out if you can save yourself from rising insurance costs.

WEEEKLY NEWS NUGGETS

Silver Tide Ripples: Boomer Homes Enter Market, Impacting Housing Dynamics: By 2035, 9 million homes are expected to enter the market as baby boomers downsize, despite the current low inventory crisis. Freddie Mac suggests this influx, termed a 'silver tide' rather than a tsunami, will be gradual, offset by new household formations. While some predict a housing supply boost could ease market pressures, others note that boomers' longevity and wealth may delay significant changes, maintaining high home prices and competition, especially among millennials seeking affordable options. (Fortune)

Reviving Luxury: TravelAI's Bold Move with Casai for Elite Mediterranean and Caribbean Getaways: TravelAI relaunches Casai, targeting luxury travelers with a focus on villas and holiday homes in the Mediterranean and Caribbean. Acquiring the domain of the defunct Latin American startup Casai, TravelAI leverages AI and a multi-site content platform for rapid deployment and personalized traveler experiences. Emphasizing AI's role in enhancing travel efficiency and segmentation, TravelAI aims to profit from day one by delivering targeted value to OTA partners and adapting to the evolving travel market landscape. (Phocuswire)

Revolutionizing Housing: Airbnb Co-Founder Unveils Quick-Setup, Eco-Friendly Tiny Homes in California: Airbnb co-founder Joe Gebbia launches Samara, offering $289,000 prefab tiny homes set up in hours, targeting the booming ADU market. With models designed for quick assembly, these solar-powered units combine modern amenities and efficiency, aiming to alleviate the housing shortage and appeal to California's ADU-friendly landscape. Samara's initiative reflects a shift towards sustainable, affordable living solutions in high-demand areas. (BusinessInsider)

AI: Transforming Real Estate Inta a Data-Driven Frontier: From Alan Turing's initial curiosity to modern AI's transformative impact, the real estate industry stands at the cusp of revolution. AI enhances traditional practices with predictive analytics and data-driven insights, offering a comprehensive view of market trends, property values, and customer preferences. This integration not only streamlines operations but also opens new avenues for investment opportunities, urging investors to adopt AI-enabled strategies for a competitive edge.
(Forbes)

TRENDING HEADLINES

 👮 Short-term Rental Regulation Watch

• NYC Airbnb ban: 6 months after the ban NYC rents still high and New Jersey Airbnb’s are booming.

• Florida STR regs: New short-term vacation rental bill barely passes Florida house, here are the latest changes.

• STR rental laws South Dakota: Airbnb, VRBO, and short term rental laws remain a puzzle with growing concern.

• Plano Texas: Commission calls for public hearing to consider futhre options regarding STR and land use laws.

• Ocean City, MD: Ocean City Counsel is considering regulations to manage STR parking issues and disturbances.

🏠 Real Estate Headlines

• Redfin housing market update: Redfin’s leading housing indicators; supply and demand activity as we head into Spring.

• HousingWire news & trends: Housing wire experts predict what is next for the housing market.

• Ask Redfin (AI): Redfin introduces new AI tool that allows you to questions about For-Sale-Homes.

• Prime hotspots: Investor who predicted 2008 crash says the safest markets are pro-business markets like TX, TN, FL.

🚑 Trending Economic Headlines

• February jobs report: U.S added 275.000 jobs, beating expecations, and unemployment increased to 3.9%.

• Payroll: ADP reports private payroll rise less than expected.

• Weekly global economic update: Deloitte’s economic team examines news and trends around the world.

• Hawaii’s high costs housing: Blame Hawaii bureacrats for the high costs of housing, here is a study that shows why.

STR LOAN SOLUTIONS

💰 Do you need cash out of your STR, a bridge loan to tap your equity, or a pre-approval letter to buy your next STR? Get a quick loan quote today from Host Financial, experts in creative STR loan solutions.

Airbnb Closes In on 1.5 Million Verified Listings to Build Trust

Airbnb is on the brink of achieving a significant trust-building milestone by verifying nearly 1.5 million listings, aiming to ensure authenticity and accuracy for its users.

• Strategy: This move, part of a broader effort to eliminate fake listings and enhance platform reliability, signals a major step towards securing 20% of Airbnb's 7.7 million active listings globally.

• Process: The verification process, a response to safety concerns and an effort to boost investor confidence pre-IPO, has been revitalized after pandemic-related delays.

• Daunting Task: Verifying millions of listings across 220 countries presents a logistical challenge.

• Strategic Response: To combat fake listings, Airbnb is intensifying its verification efforts, crucial for enhancing user trust.

• Verification Impact: Nearly 20% of listings verified, with a goal to significantly reduce scams and improve listing accuracy.

• Safety First: Initiative spurred by safety concerns and aiming for a transparent, trustworthy booking experience.

(Skift)

MORTGAGE RATE WATCH

💵 DSCR rates DECREASED from prior week.

💸 Treasury yields DECREASED from prior week.

🏦 Conventional mortgage rates DECREASED to 6.88%.

Get an STR Loan Quote - Apply in 60-seconds.

2024 CONFERENCES & EVENTS
Learn, Network and Grow

📅 The top STR & real estate events in 2024 to attend. Gain insight, seize new opportunities, and make new connections.🏡