^{SPONSORED BY:}

Welcome to this week’s STR scouting report sponsored by Vacasa. Get a personalized income estimate for your property today to see how Vacasa can help you earn more revenue, with less effort, in 2024. 

🔥 In this week's email:

• Trending STR Homes for Sale: Explore the hottest STR homes for sale this week in 12 markets.

• Best Airbnb Apps for Hosts in 2024: Here’s is the list! The most useful Airbnb apps for your STR business in 2024.

• Trending News Nuggets: This week’s most important economic, real estate, and str regulation headlines you don’t want to miss.

Andy & The STR Scout Team

We’re you forwarded this email?
Join 44,000+ subscribers to explore the best STR Homes for Sale and STR Trends.

STR FEATURED PROPERTIES

Luxurious 5br / 5.5ba Smoky Mountain Cabin in Pigeon Forge

🏡 $1.799M | Pigeon Forge, TN: This beautiful 4068sqft luxury cabin has top-tier amenities and proven cashflow. The 2023 rental history shows a remarkable $233k in gross revenue. Don’t miss this one!

• This property features stunning mountain views, an indoor pool, 5 ensuite bedrooms, a theater room, a fantastic game room, and expansive decks.

• Recent upgrades include extra deck reinforcement for the hot tub and a new pool room dehumidifier.

• Perfectly maintained and equipped, this cabin is ideal turnkey proven performer for investment, dream vacation home, or both.

View Property Details 
STR Agent: Natalie Walthour
Company: The Short Term Shop at EXP
Text or Call: +1-865-770-8171

Modern Retreat w/Pool | The Perfect West Ashville Getaway

🏡 $649.9K | Asheville, NC: Modern 4br 3ba retreat, 2786sqft in vibrant West Asheville.

• Revenue projections range from $44k-$106k, with Super Host earnings up to $189k.

• Experience modern comfort in this updated ranch-style STR, featuring an inviting in-ground pool. The main level offers 1 1/2 bathrooms, with 2 bedrooms converted into 1 large bedroom plus another large bedroom.

• Enjoy a large covered deck, spacious open deck overlooking the pool, and a covered front porch, perfect for outdoor relaxation.

• An exceptional blend of modern amenities and prime location.

View Property Details
STR Agent: Tyler Coon
Text or Call: +1-828-620-2541
Book a Call

Beautiful 2br 2ba Oceanview Condo in Kapaa, Hawaii

🌴 $750K | Kapaa, HI: Dream STR with 840sqft, in the heart of Kauai. In 2023 financials highlight $90,410 in income with $40,245 net income after expenses.

• This fee simple property is a great cashflowing investment.

• Features include a turnkey STVR setup and breathtaking ocean views.

• Ideal for investors seeking a hassle-free rental or anyone desiring a serene Hawaiian getaway.

View Property Details
STR Agent: Cole Schlack
Text or Call: +18087450555
Website

Fully Updated Home in History Downtown Kalispell - STR Ready!

🏡 $825K | Kalispell, MT: Fully renovated 5br 3ba home, 2504sqft in historic downtown Kalispell.

• Revenue projections exceed $150k annually.

• This charming home boasts timeless character with modern updates, perfect for STR investment.

• Enjoy ample indoor and outdoor spaces, ideal for group stays.

• Prime location within walking distance to all the attractions of historic downtown. A unique blend of history, comfort, and convenience.

View Property Details
STR Agent: John Hayes
Text or Call: +1-850-375-4113
Website

Hawaii Oceanfront Single Family STVR with $113k Income!

🏡 $1.1M | Keaau, HI: Stunning oceanfront 3br 2ba home with 1798sqft! Guests will love the soothing waves off the porch, creating a tranquil sanctuary to unwind from the stresses of everyday life.

• 2023 rental income of $113k and excellent 2024 bookings.

• This permitted STVR boasts a turn-key operation with SuperHost status and can be self-managed with low expenses.

• Enjoy breathtaking ocean views and a strong future rental outlook. Ideal for investors seeking a high-performing property in paradise.

View Property Details
STR Agent: Cole Schlack
Text or Call: +18087450555
Website

STR CLASSIFIEDS | OFF-MARKET PROPERTIES

🧮 Airdna’s Revenue Calculator: Use this link to estimate your earnings potential on any STR homes for sale.

💰 STR Loan Quote: Use this link to get your STR loan pre-approval letter.

$599K | Bucksport, ME: Fully renovated 4BR/1.5Bath farmhouse dating back to 1910. Successful short-term rental with financial records available. Prime location near Bucksport, Castine, and Blue Hill. Easy access to Bar Harbor & Bangor International Airport. View post.

$384K | Cocoa Beach, FL: 2/1.5 condo with prime location near shopping, dining, and entertainment. Ideal for military, space program workers, and snowbirds. Enjoy a comfortable retreat in the heart of Cocoa Beach. View post.

$620K | Mead, CO: Off-market 5-bed, 3-bath turn-key short-term rental with hot tub. 2023 revenue of $85,000. Ideal location near Northern Colorado attractions. Fully furnished, ready for new owner. View Post.

$1.2 million | San Diego, CA: 5-bed, 3-bath with pool, spa, and arcade. 1st-year revenue nearly $130,000 at 59% occupancy. Remodeled, furnished, no Airbnb regulations. Owner willing to manage for out-of-state investors. Contact for details. View post.

STR CLASSIFIEDS | LISTED PROPERTIES

🧮 Airdna’s Revenue Calculator: Use this link to estimate your earnings potential on any STR homes for sale.

💰 STR Loan Quote: Use this link to get your STR loan pre-approval letter.

$899K | Indio, CA: Fully furnished waterfront home in Terra Lago community. 3 beds, 2.5 baths, expansive living area with stunning lake and mountain views. Outdoor space features pool, spa, patio dining, barbecue, and fire pit. Private gated community with golf courses, clubhouse, restaurant/bar, dog park, boat dock, and more. Excellent income-generating vacation rental opportunity. View post.

$1.750M | Newberg, Oregon: Stunning 5-bedroom vacation rental in Oregon Wine Country. Sleeps 10+, solid bookings March - October. Situated on 20 acres in Willamette Valley, known for world-famous pinot noir. Completely remodeled, move-in ready. Multiple outdoor spaces with stunning views. View post.

$1.499M | Pigeon Forge, TN: Prime location! Beautiful 2021-built cabin with 5 bdr/4.5 baths in Alpine Mountain Village resort. Indoor pool, furnished, turnkey. Easy access roads, resort amenities. Public water/sewer. Short drive to attractions. Rental revenue projections $156k-$190k. View Post.

$765K | Gulf Shores, AL: Beach escape with 3-bedrooms, 4-bathrooms, ideal for short-term rentals. Luxurious open floor plan, custom furnishings, quartz countertops, carport parking for four vehicles, EV car charger, Gold Fortified construction. Community pool, pier access, walking path to beach. View Post.

$2.175M | Freeport, TX: Gulf Palace in Seahorse Estates, a 5-bedroom beachfront home with established vacation rental potential. Luxurious living with captivating beach and bay views. Explore exclusive community amenities. View post.

$1.089M | Morganton, GA: Stunning 4-bed, 3.5-bath cabin on 2 acres, grossed over $90K in 2023! Fully furnished, open floor plan, stone fireplace, spacious kitchen, main-level suite, 3-car garage with gaming area, theater room, lofts. Finished basement with living area, game room, wet bar. Covered patio, hot tub, firepit. Perfect for full-time living or vacation rental! View post.

$799K | Copalis Crossing, WA: Spacious three-story beach home with ocean views. High ceilings, high-end finishes, wrap-around deck, antique claw foot tub, stone shower, private bedroom/bathroom suite on the first floor. Easy walk to Copalis Beach. Ideal for short-term rentals. View post.

$850K | Galveston, TX: Custom home on nearly 1 acre, Airbnb approved. Next to Moody Gardens Golf Course, 3 beds + loft + garage apartment, 3 baths, 2 private patios, 4-car garage. Near Schlitterbahn water park, 5 mins to beach. View post.

$510K | Miramar Beach, FL: Fully furnished beach home, 5 mins walk to beach & restaurants. Quiet community, 2 pools. Ready for immediate income. View post.

$765K | Sevierville, TN: 3/3, 1872sqft, perfect location near Parkway. $83k rental history, spacious primary suite, game room, large decks. View post.

$525k | Zionville,NC: Woodland Creek cabin, ideal for traditional second home buyers or STR investors. Professionally decorated, fully furnished, 5-star reviews. 20 mins from Boone and Appalachian State University. Recent rehab, high occupancy rates. Contact for details before late May listing. View post.

$1.750M | Charleston, SC: Lucrative turn-key rental, built in 2021. Zoned commercially in Short Term Rental Overlay Zone, no owner occupancy requirement. Contact for details. View post.

Fast-track your STR sale in weekly STR Classified’s. Reach 130000 STR buyer marketplace in our group and weekly email.

RATE WATCH - TOGETHER WITH HOST FINANCIAL

💵 DSCR loans, purchase, refi, or rehab loans. Get a quote.

💸 10 Year Treasury yield DECREASED from prior week to 4.49%.

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

Airdna Shares The Most Useful Airbnb Apps for Hosts in 2024 - Top Picks

📱 Enhancing Airbnb Hosting with Apps: Airbnb hosts can significantly improve their business operations using specialized apps. From streamlined communication tools that provide instant guest responses to comprehensive platforms like Uplisting by AirDNA, these apps enhance property management, guest experience, and booking efficiency. Key features include automated messaging, synchronized booking calendars, and integrated cleaning schedules, all aimed at elevating both host efficiency and guest satisfaction.

View Complete List - 6 Best Apps for Airbnb Hosts

TRENDING NEWS NUGGETS

Airbnb Q1 2024 Financial Highlights for Short-Term Rental Owners and Operators

• Record-Breaking Quarter: Airbnb experienced its best Q1 ever with 133 million nights and experiences booked, resulting in an 18% year-over-year revenue increase to $2.1 billion.

• Profit Surge: Q1 net income reached $264 million, a 126% increase from the previous year, marking the most profitable first quarter to date.

• Significant Cash Flow: Free cash flow soared to $1.9 billion, reflecting robust financial health and operational efficiency.

• Strong Supply Growth: Active listings grew 17% year-over-year, with a continued focus on maintaining high-quality standards.

Read the full report - Airbnb Newsroom.

Real Estate

🏡 $3T Housing Stimulus: Meredith Whitney suggests Freddie Mac could unlock a $980 billion stimulus for homeowners by purchasing secondary mortgages, potentially injecting up to $2 trillion into the economy without increasing national debt — Financial Times

🏠 Nashville Home Sales Surge: April 2024 saw a significant increase in home sales in the Nashville area, with 3,060 homes sold, up 11% from last year. Inventory rose by 18%, offering more options to buyers. The median home price increased to $505,000 from $468,300. With 10,400 options available, sellers need to strategically price and market their homes. — WKRN

🏡 The New Normal in Housing Prices: Housing prices have surged dramatically, pulling forward a decade's worth of growth into just a few years. Nearly 70 U.S. cities have seen home prices double in less than 10 years. High replacement costs, rising construction wages, are sustaining these elevated prices. With 40% of homeowners mortgage-free and many with low rates, a significant price drop seems unlikely. — Ben Carlson

💼 Redfin Settles Lawsuit: Redfin agrees to a $9.25 million settlement and to share its vast real estate commission data with plaintiffs in an ongoing antitrust lawsuit. The lawsuit alleges that inflated commissions were enforced by the National Association of Realtors (N.A.R.). — The New York Times

🏢 Record High Prices for Condos and Townhomes in Las Vegas: In April 2024, Las Vegas Valley condo and townhome prices reached a new high with a median price of $290,000, up 7.4% from last year. Inventory and new listings increased, reflecting higher demand. Overall home sales, including condos and townhomes, rose 19.2% from April 2023. — Las Vegas Review-Journal

Economy

📊 Consumer Sentiment Tumbles: Biggest miss on record! Sentiment drops to 67.4 in May from 77.2 in April, missing the 76 forecast. The one-year inflation outlook rose to 3.5%, highest since November. Inflation worries and economic uncertainty are impacting confidence. View Post.

📉 Jobless Claims Surge: Weekly jobless claims rose to 231,000, the highest since August 2023, indicating potential changes in the labor market as continuing claims increased to 1.78 million — CNBC

📉 U.S. Economy Perception vs. Reality: Despite 48% of Americans believing Biden's economic agenda is harming the economy, experts say the U.S. faring well compared to other Western countries, for what that is worth. Inflation is slowly decreasing, wages are rising, and consumer spending remains robust. High debt and low savings is contributing to public pessimism. Political polarization is affecting views on economic performance, vs. reality of pain consumers are feeling and experiencing. — Newsweek

📈 Rising U.S. Debt and Its Impact: As U.S. national debt surpasses $34 trillion, concerns grow over rising interest rates and economic implications. Higher debt leads to increased borrowing costs, affecting mortgages and loans, particularly for young people. Experts warn that higher interest rates may discourage business investments, impacting job markets, especially in sensitive sectors like homebuilding. Potential spending cuts to tackle deficits could affect key programs like Social Security and Medicare, and Americans might face tax changes to manage debt. — The Hill

📈 Rising Delinquency Rates: The New York Fed reports credit card (7.2%) and auto loan (7.3%) delinquency rates are now higher than pre-pandemic levels, fueled by inflation and high borrowing costs. With student loan payments resuming in October, Americans face increasing financial strain. The median monthly payment for non-student debt has surged, potentially driving delinquency rates even higher. — Yahoo Finance

💸 Pandemic Savings Depleted: Americans' $2.1 trillion pandemic savings are now gone, raising concerns about future economic stability. Consumer spending, crucial for growth, may decline as debt accumulates and delinquency rates rise. First-quarter GDP growth was a modest 1.6%. Retailers are cutting prices to attract cautious shoppers as economic forecasts predict slower growth. — CNN

📉 Citi Predicts Hard Landing for U.S. Economy: Citi's chief U.S. economist Andrew Hollenhorst foresees a hard landing with weakening inflation and labor markets, expecting four Fed rate cuts this year. April's job growth slowed significantly, and mixed economic signals indicate potential troubles ahead. Hollenhorst believes the Fed will act on either inflation or labor market weakness, but cuts may not prevent a hard landing. — Fortune

Trending

🌞 Top 10 Airbnb U.S. Summer Destinations for 2024: Airbnb's list highlights Western spots like Quincy, WA; Glendale, AZ; and Ouray, CO, ideal for outdoor adventures. Trends show a 30% increase in searches for outdoor activities and experiential stays with amenities like kitchens and game courts. Popular destinations also include Las Vegas, NV; Eugene, OR; and Santa Rosa Beach, FL. — Sunset

🏠 Vacasa cuts 13% of Workforce: (800 roles) amid restructuring. Second round of layoffs follows hedge fund Davidson Kempner's 9% stake. CEO cites ongoing challenges and prioritizes cost reduction. Q1 revenue down 18%. View Post.

🌐 Economic Trends Impacting Orlando Travel: Despite slowing U.S. economic growth and rising debt, consumer spending remains strong. Wealthy travelers sustain demand, while budget travelers cut back. International travel to the U.S. is rebounding. U.S. international travel and the cruise industry are growing. Orlando should emphasize value and affordability to attract travelers. — Visit Orlando

🧳 “Hush Workcation - New Travel Trends Revealed: Recent survey shows nearly one-third of Americans work remotely on vacation without informing their employers. Travelers plan 11 trips in 2024, including vacations and work trips. Key trends; fast Wi-Fi, smart TVs, and self-service check-ins. Hotels enhancing tech features and amenities to meet evolving guest needs. — Hospitality Net

🌍 Summer Travel Trends on Pinterest: Top summer travel trends see a surge in adventure and luxury safari lodges, especially in Tanzania (up 60%). Searches for quiet wellness escapes rose 530%, with national parks and glamping up 250% and 260%, respectively. Mysterious destinations like Machu Picchu and Edinburgh gained popularity. Gen Z travelers favor Jasper, Canada, with a 155% increase in interest. — TravelPulse

STR Regulations

🏝️ Hawaii Short-term Rental Rules Update: A new law allows Hawaii counties to regulate or ban short-term rentals in areas opposed by local communities. This move follows Maui wildfires, aiming to address housing needs and ensure relief efforts. Maui County plans to cut 7,000 rentals. Similar measures are seen in New York City. — Travel + Leisure

🏠 Scottsdale's New Rental Rules: The Scottsdale City Council unanimously passed ordinances targeting nuisance parties in short-term rentals. New measures ban minors from renting and allow police to declare nuisance parties, evicting non-residents. The regulations aim to curb disturbances and enforce rules effectively. — KJZZ

🏖️ Nantucket Bans Corporate Short-term Rentals: Nantucket voters approved a bylaw prohibiting corporate ownership of short-term rentals, aiming to curb investment-only properties and preserve housing for residents. — Nantucket Current

🏖️ Florida Passes State Short-term Rental Regulations: The Florida Legislature approved a bill to increase state regulation of short-term vacation rentals, despite local opposition. The measure, awaiting Governor DeSantis's signature, allows local governments to charge registration fees but restricts their control over rental durations. — Florida Phoenix

🏙️ Houston Debates Short-term Rental Regulations: Amid concerns over unregulated short-term rentals acting like hotels, Houston residents and council members push for regulations. Issues include noise, crime, and improper management, officials consider treating these rentals under the hotel ordinance. — Houston Public Media