🔥 STR Scout Member-Only Property Alert | Budva, Montenegro

Hello STR Scout Members,

This week, we bring you an exclusive member-only condo investment opportunity in Budva, Montenegro.

In this issue:

🚨 Member-Only STR Property Alert: A prime, sea-view condo in Budva at a special low price. Limited time offer!

🏡 New STR Deals: 20 hot properties across 13 markets. Your next big investment awaits.

📰 Trending News Nuggets: Key updates to keep you ahead of the game in a shifting market.

🤖 AI Mortgage Revolution: How AI is reshaping mortgages—quicker, cheaper, and safer.

🌍 Travel Trends: Discover where travelers are heading in 2024—Skift’s latest insights revealed in comprehensive free report.

Thank you for being a vital part of our STR community.

Cheers,

Andy Thoms
STR Scout

😎 Invest where potential meets lifestyle—because the greatest rewards come from places where you can invest and live your best life.

STR Scout Member-Only Property Alert | Budva, Montenegro | €225k ($250k U.S)

We’re excited to offer you an exclusive opportunity to invest in this 2 bedroom 1 bath condo in a prime beach town location in Budva!

This fully furnished, sea view condo in Budva is turnkey rent-ready and available at a special €5,000 discount, exclusively for STR Scout members.

Property Details: Sea View Condo in Budva, Montenegro
Listing Sales Price: €230,000 ($5k discount for STR Scout members)

Why Invest in Budva?

• Strategic Location: Budva is Montenegro's top tourist destination, offering strong year-round rental demand.

• Affordability: Priced at €225,000, this condo offers exceptional value compared to similar U.S. properties.

• Low Operating Costs: Annual property tax is just $700, with HOA fees at $145 per year.

• Turnkey Investment: Managed by a local expert, this property is ready for immediate rental income.

• Features: Modern amenities, stunning sea views, 1-minute walk to Budva Beach, turnkey ready.

Investment Highlights:

• Low Expense Ratio: Total annual expenses in the €3300 range and 12 month revenue history.

• Low Break-Even Hurdle Rate: Monthly operating costs only €272-€308. One peak rental month covers the entire year's costs, the rest is net profit.

• Revenue Potential: High demand during peak season with daily rates up to €200. Strong demand for digital nomad monthly rentals off-season.

• Seller’s Motivation: The U.S owner lives and invests in Montenegro, owns multiple units, selling to fund a new luxury villa project.

• Tourism Demand: Prime Adriatic beach destination for Europeans with the region bringing in over 2 million tourists annually.

• Turnkey: Owner is a U.S expat living and investing in Montenegro and will manage the property for 10% plus $100 monthly.

• Incredible Value: Cost per square foot, expense ratio, and cost of living and operations are all a fraction of the cost of US. Taxes are $700.00 a year, insurance $300.00 a year, HOA $175.00 a year! 

This is a rare opportunity to invest in one of Europe’s emerging affordable markets with Airbnb demand out running STR supply of homes for sale. Don’t miss out—contact the owner directly to secure this deal (contact info below)!

Visit Google Maps to see the exact map pin (prime) location of this property and take a virtual tour of the area. Check out Budva Beach for a closer look at what makes this location so special.

For complete details and revenue history, please contact the owner directly. Serious inquiries only.

Owner: Newman Crews III
What’s App: +1-561-714-1691
Email: [email protected]

New Mountain Modern Home with Amazing Whitefish Mountain Views

$2.5M | Kalispell, MT: Stunning 5BD, 4BA home, 4392 sqft, featuring breathtaking mountain views.

• New construction with high-end finishes & design in an upscale STR-friendly community!

• Well-appointed 5-bedroom with an option for a 6th bedroom! Lots of space for a large family or group.

• Home is strategically situated and built to enjoy fantastic views of Big Mountain & Whitefish Mountain Resort!

• Nearby 5-6 bedroom homes gross over $290K annually.

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

Want to see your property here? Learn more

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FSBO | OFF-MARKET STR’s

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ACTIVE STR LISTINGS 

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🌴 Safe Mexican Getaways You Shouldn’t Miss. Looking for a worry-free vacation in Mexico? Research reveals Mérida, Los Cabos, and Valladolid as top choices, thanks to low crime rates and enhanced security measures. Ideal for investors seeking peaceful retreats with stable tourist appeal.

💸 Real Estate Agents Brace for a Price War. A recent legal settlement will force homebuyers to directly pay their agents' commissions, sparking a potential price war among realtors. This shift could reshape the housing market and significantly impact the cost of buying property.

🌊 Albania's Hidden Gem. Saranda, Albania offers a Mediterranean luxury vacation at a fraction of the cost of hotspots like Santorini. With white-sand beaches and vibrant culture, it’s the perfect destination for travelers looking for an affordable yet upscale experience.

💥 The Bubble is About to Burst. The U.S. housing market is in a bubble fueled by financialization and fraud. As banks and investors cut corners, the market is headed for a potential crash, posing risks for both homeowners and investors.

🌆 These 7 Cities Will Drain Your Profits. Renting on Airbnb in cities like San Francisco, Austin, and Miami Beach is a losing game. Strict regulations, hefty fines, and limited rental days make it nearly impossible to turn a profit, jeopardizing your short-term rental business plans.

🤔 Mortgage Rates Drop, But Homebuyers Stay Cautious. Despite a significant dip in mortgage rates, Redfin's CEO notes an unusual lack of buyer response, likening the market to a 'Twilight Zone.' While lower rates have boosted applications, the impact on actual sales remains muted, highlighting ongoing affordability concerns in the housing market.

MORTGAGE REVOLUTION

Rocktop Technologies is a company that uses advanced technology to help mortgage companies manage and trade assets like loans more efficiently. They use a combination of AI (Artificial Intelligence) and blockchain technology to make this process faster, safer, cheaper, and could change how mortgage companies work, making it easier and less expensive for them to manage loans.

Why It Matters:

With advances in AI and blockchain, we expect to see disruption in the mortgage industry. For both mortgage companies and consumers, these changes could mean faster loan approvals, fewer errors in handling loans, and potentially lower mortgage costs. Additionally, these technologies introduce a more secure way of managing loans, reducing the chances of data being lost or tampered with, which could make mortgages more accessible and fairer for everyone.

What the Mortgage Future Holds:

In the future, consumers might see quicker loan processes, lower fees, and more secure mortgage transactions. The way people get mortgages could shift towards more digital and automated systems, making it easier to buy a home. Companies that adopt these technologies early could offer better rates and services, while those that don't will struggle to keep up with advances in technology that will reshape the industry.

Source: Housing Wire Interview

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TOGETHER WITH SKIFT

The State of Travel report is designed to be your reference handbook to navigating the complex world of travel in 2024. From consumer insights, to sector deep dives, and executive perspectives, they have put together 350+ insights with the hope to have a chart for almost any topic. We hope you enjoy the report.

This free report is packed with essential insights that can give STR real estate investors a competitive edge in understanding guest travel trends. Don’t miss out on the valuable data align with trends that could help you transform your strategy and boost your investment success.