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🔥 STR Homes for Sale - Weekly Hot List & News

💣 Insurance Crisis Ticking Time Bomb

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Happy Saturday morning STR Community! Here is what you need to know for September 23th in 4:32 minutes.

In this weeks report:

  • The Top 10 STR Homes for Sale getting the most attention and STR Expert Agents share their top local picks

  • America’s Insurance Crisis is underway, 35 page report released, key takeaways and opportunity to explore reducing your rates

  • Trending Headline News this week to help you stay informed

  • Trending STR Regulatory news about changing STR regulations in markets across the U.S

Let’s dive in!

STR WEEKLY DEAL FLOW
🔥 Top 10 Trending STR Homes for Sale

 $750k | Denver, CO: Turnkey Airbnb you can run completely remote. Will consider selling “subject-to” first mortgage with a 4% interest rate.

.$1.5m | Portland, OR: Rare mixed-use completely restored with C1 zoning.

 $639k | Pigeon Forge, TN: Will take $600k cash on a cash deal and will consider seller financing.

 $525k | Phoenix, AZ: Dream desert retreat in the Ahwatukee foothills. Financials available upon request.

 $549k | Pinetop, AZ: White Mountains getaway nestled in the prestigious Pine Top Country Club. Successful rental history.

 $1.049m | Fort Lauderdale, FL: PRICE CUT and owner will consider selling “subject to”.

 $3.6m | Lake Palasades / Tahoe: Beautiful luxury ski property in Lake Tahoe ready for STR. A must see.

 $1.350 | Pompano Beach, FL: Located in one of the most desirable areas of South FL. Permitted for STR and ready for STR cashflow.

 $550k | Coral Springs, FL: Turnkey STR and convenient to shopping, dining, and attractions.

 $230k | La Salle, IL: Cute affordable home located in smaller market that is not over saturated with STR’s.

💰STR Sellers: Thinking of selling? Sell before the market gets too soft. Post your deal and reach 95,000 STR active STR buyers and 40000 newsletter subscribers. It’s free.

🔥 STR Expert Agent - Top Picks

Cole Schlack - Local STR Expert Agent

  • eXp Realty - The Resort Team

  • The Big Island and Kauai

  • Cell: 808-740-0555

  • Text or call to get added to my STR VIP Hot List

 $989k | Kona, HI: Oceanfront turnkey condo active Aqua Aston STVR. Hawaii is still a very hot STR market. Financials available upon request.

Tyler Coon - Local STR Expert Agent

  • Savvy Realty

  • Asheville & Western, NC

  • Cell: 828-620-2541

  • Text or call to get added to my STR VIP Hot List

 $825k | Swannanoa, NC: Get a dose of the stunning Blue Ridge mountain retreat with huge STR potential. Let me help you turn this into a cashflow oasis.

Tracey Lightfoot - Local STR Expert Agent

  • Lightfoot & Youngblood Real Estate Investment

  • Branson, MO

  • Cell: 417-251-3039

  • Text or Call to get added to my STR VIP Hot List

 $1.295m | Hollister, MO:  This 9 bed, 9 bath lodge was built in 2023. Seller willing to do seller carry or subject to deal. If you are looking for creative seller deal this is it.

💪 Are you an STR Expert Agent in your local market? Join an elite network of str experts. Help our STR community discover the best STR properties in your local market.

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America’s Insurance Crisis & The Impact on Real Estate Investing

What is going on here: Have you checked out your insurance premiums lately? This comprehensive report (download 35 page report) provides valuable insight as to why property insurance costs are going through the roof! Here are the key takeaways.

🌎 Climate Risk and Property Valuation

  • The national real estate market may not have adequately considered climate risks in property valuations.

  • A "climate bubble" is emerging, similar to past real estate bubbles, and this can impact investment property values.

📈 Insurance Costs and Trends:

  • Regulators have kept insurance rates artificially low to make property insurance affordable. Not anymore, rates are rising fast.

  • Rising climate-related risks like wildfires and floods have led insurance companies to raise rates, discontinue policies, and leave high-risk areas.

  • Rising insurance costs is making real estate investing more expensive for investors and cutting into cashflow.

📉 Impact on Property Values:

  • Increasing insurance costs could lead to a potential deflation in property values, it is already impacting FL property marketability.

  • In high-risk areas like Miami, where homeowner's insurance is already expensive, investors may face significant insurance cost burdens and spikes in monthly HOA fees.

  • State-backed insurance programs, like Citizens in Florida, are becoming more prevalent. This insurance is very expensive.

 🇺🇸 Nationwide Impact

  • Approximately 6.8 million properties have already experienced rising insurance rates, canceled policies, and property value devaluation due to increased ownership costs.

  • Another 39 million properties are considered overvalued and could undergo similar corrections. This is no small number.

🏚️ Potential Property Value Declines

  • Examples show how increasing insurance costs could lead to significant property value drops, even in the range of 18.9% in the near future and 40.6% over 30 years in certain areas.

🔮 Looking Into The Crystal Ball

  • Short-term rental investors should closely monitor the impact of rising insurance costs and climate-related risks on property values, especially in high-risk areas like hurricane, wildfire, and earthquake zones.

  • Real estate investors should be aware of the real nationwide impact of rising insurance costs and the potential for property value declines in overvalued markets.

  • The insurance crisis is a real and growing problem for investors that you will hear more about over the coming months.

💡 How can you save on rising insurance expenses:

  • Get an insurance quote from our partners at Steadily in minutes to 1) keep your current provider honest 2) see if there is a solution to reduce rising insurance premiums.

TRENDING HEADLINES

TRENDING STR REGULATORY NEWS
  • Airbnb faces regulator challenges amid robust growth. read more

  • Airbnbs in NYC are disappearing. Here is what could happen to hotel prices. read more

  • Will new vacation rental rules change New York City’s lodging landscape? read more

  • Austin could legalize tiny homes, RV’s as ADU’s. read more

  • St. Louis assessor welcomes regulations on short-term rentals. read more

  • New licensing regulations in New York and Boston affect both short-term rental and extended stay. read more

  • Phoenix approves new regulations for short-term rentals. read more

  • Pittsburg Airbnb and other rentals would need a permit under new regulations. read more

  • Del Mar opens local short-term rental registry. read more

  • County seeks input on changing short-term rental ordinance in Sante Fe New Mexico. read more

  • BC housing minister plans new legislation for rising short-term rentals. read more

  • Short-term rentals eating up 19% of B.C housing availability. read more

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Disclaimer: We value transparency. Please note that the properties. products, or services mentioned here may have affiliations with STR Scout, a real estate advertising marketing and media company. If you decide to purchase a property or product from any of the mentioned real estate developers, agents, or property owners, sponsors, or service providers, STR Scout may receive advertising fees. Additionally, certain marketing companies working with STR Scout may also receive a portion of those fees. We are not licensed under securities laws to provide guidance for your specific situation. Therefore, no communication from our company or employees should be considered as personalized or financial advice.