🔥 Top 10 Trending STR Homes for Sale

^{TOGETHER WITH:}

Minut is a home security device that monitors noise levels, temperature, and motion in vacation rental properties, providing property managers with real-time alerts and insights.

STR Scout Exclusive:

Get 2-Months Free | Learn More

Hello STR Scout Members,

In this weeks issue:

🏡 STR Classifieds: Explore the Top 10 Trending STR Homes for Sale.

📣 Airbnb: Airbnb 2024 Winter Release, Key Takeaways.

📰 News Nuggets: Trending Short-Term Rental, Economic, and Housing News.

Happy Scouting!

Andy Thoms
STR Scout

😎  Data integrity is the foundation of sound decision-making—without accurate and reliable data, even the best analysis leads to faulty conclusions.

Stunning 4-Story Home with Downtown Views

🏡 $999K | Nashville, TN: Spacious 4br 3.5ba home, 2600sqft, perfect for an STR.

• Commercially zoned but priced below residential counterpart

• Only NOO STR with a downtown view in Berry Hill

• 4 stories with a 2-3 car garage

STR Agent: David Goodman
Text or Call: +1 615-979-1644

Website & Details

$399K | Texas Hill Country, TX: Turnkey STR generating $41K in 2023. "Green Roof Cottage" back on market. Appraisal and inspection in hand. Quick-close opportunity. View Post

$495K | St. Louis, MO: Cash-flowing duplex in Dogtown neighborhood. 2BD, 1BA per unit plus bonus room. One unit is STR, one LTR. Potential to convert LTR in 2025. $5100/month rent. View Post

$650K | Allen, TX: 2900 sqft home generating $80K annually. Comes fully furnished. Successful Airbnb with room for growth. View Post

$690K | North Las Vegas, NV: 4BD, 3BA home on cul-de-sac with oversized lot. Includes huge pool, waterfall, covered patio, and high ceilings. No HOA, licensable Airbnb. View Post

$695K | Sevierville, TN: 2BD, 2.5BA cabin near Parkway. 2100 sqft, sleeps 10. Generates $78K annually with over 115 5-star Airbnb reviews. High STR potential. View Post

$799K | Townsend, TN: 3BD, 3.5BA home in gated Laurel Valley community. 2392 sqft with mountain views, vaulted ceilings, stone fireplace, and spacious deck. Furnishings negotiable. View Post

$850K | Frisco, TX: 3500 sqft home earning $108K (2023). Fully furnished Airbnb with potential for higher revenue. View Post

$865K | South Padre Island, TX: Triplex with 3 units, fully furnished. 3BD, 2BA (Unit A); 2BD, 1BA (Unit B); 1BD, 1BA studio (Unit C). Corner lot, renovated in 2021. Walk to beach. Owner financing available. View Post

$995K | Austin, TX: STR generating $95.8K annually. 5 miles to Austin FC stadium, 10 miles to downtown, 15 miles to Circuit of the Americas. Prime location. View Post

$1.199M | Cape Coral, FL: 4BD, 3BA new construction with over 2000 sqft. Features pool, spa, Gulf access lot with boat lift, and 3-car garage. Luxury living with custom upgrades. View Post

^{TOGETHER WITH:}

Get a STR loan quote in as fast as 60 seconds. Find out how much you qualify for in today’s market.

• $500 processing fee waived for STR Scout Members for loans that move into UW and use the link below.

• No credit pull required to receive a quote

• No DTI, W2, or tax return required

• Don't let your W2 income limit your purchasing power

Airbnb's 2024 Winter Release: Co-Host Network and Personalized Features

Airbnb's latest update introduces the Co-Host Network, designed to help homeowners manage their listings by connecting them with top local co-hosts. This feature simplifies the hosting process, offering personalized support for managing bookings and guest communication.

Additionally, Airbnb has rolled out over 50 guest experience upgrades, enhancing the app's personalization, from search to booking, with features like recommended destinations, personalized filters, and easier checkouts. Hosts also benefit from upgrades, including price tips and an earnings dashboard.

Key Takeaways:

• Co-Host Network: Find and collaborate with experienced co-hosts directly in the Airbnb app.

• Personalized Guest Experience: Upgrades such as suggested search filters, listing highlights, and simplified checkout processes.

• Host Tools: New features include price suggestions, quick replies, and a customizable earnings dashboard.

For more details, read the full release here.

Short Term Rental

🏡 Airbnb is entering a new phase of growth. CEO Brian Chesky announced plans for the company to launch new business ventures annually, expanding beyond traditional home rentals. This bold move positions the company to diversify and meet evolving traveler needs, pushing beyond its roots.

🌐 Stricter Airbnb regulations worldwide. Cities like New York, Paris, and Barcelona are imposing tough restrictions on short-term rentals to address housing shortages and local concerns. These laws are changing how hosts operate and could impact rental availability in key urban markets.

🌴 Hawaii’s ongoing battle with vacation rental gentrification. As vacation rentals boom, tensions rise in Hawaii over the balance between tourism and affordable housing for locals. This ongoing debate highlights the challenge of protecting local communities while supporting the vital tourism industry.

Housing

🏘 Builders pivot toward condos and townhomes. As affordability concerns rise, developers are focusing more on multi-family homes like condos and townhouses, catering to buyers priced out of the single-family home market. This shift could reshape urban housing trends.

📈 Home prices see a modest increase in September. Redfin’s report shows slight gains in home prices, but the market is stabilizing as high mortgage rates limit buyer activity. This cooling trend could indicate a stabilizing housing market in the near future.

🏢 Multifamily housing is a buyer’s market. With a high supply of units, investors are finding more favorable opportunities in the multifamily space. The surplus of available units has made it easier for investors to acquire properties at competitive prices.

📊 6 major markets experience falling home prices. A significant price drop is occurring in several U.S. cities, reflecting the broader impact of rising interest rates on homebuyer affordability. The drop is most notable in large, previously overheated markets.

🌐 Zillow and Realtor.com expand media access. A new agreement between these two real estate giants will allow more interactive media for home listings, creating a better experience for both buyers and sellers through improved listing features.

🏡 Home prices surge by 600% since 1984 in 10 states. Certain states have seen dramatic long-term home price appreciation, raising questions about affordability and market sustainability. This appreciation highlights how much the housing market has changed over time.

🏠 Property taxes by state: 2023 edition. NAHB provides a detailed analysis of property tax burdens across U.S. states, impacting where homeowners are choosing to settle.

Economy

📉 Mortgage rates soar to 6.82%, hitting buyers hard. The latest spike in rates is pricing many buyers out of the market and creating downward pressure on home sales. High rates are making aquisitions more challenging.

🪙 Cryptocurrency could soon revolutionize real estate. Blockchain technology and cryptocurrency payments are set to transform the real estate sector, offering faster, more secure transactions. The potential for faster cross-border deals is appealing to international buyers.

💸 U.S. budget deficit hits over $1 trillion. The ballooning deficit is raising concerns about long-term fiscal health, particularly as interest rates climb. Growing debt could have far-reaching impacts on government spending and economic stability.

📊 Global debt nears $100 trillion, prompting IMF warnings. The International Monetary Fund is calling for action as the world’s collective debt continues to rise, threatening economic stability. Without intervention, global debt could reach unsustainable levels.

📉 The psychological impact of the Fed’s rate cut. While recent rate cuts were intended to stabilize markets, the effect on consumer and investor sentiment has been more psychological than material, as uncertainty remains high.

Destinations & Travel

❄️ Tacoma emerges as a top winter travel destination. Tacoma, Washington, has been named a top spot for winter travel, offering a blend of natural beauty and urban charm. The city’s affordability and proximity to nature make it an attractive choice for winter travelers.

🌵 Texas Airbnbs shine for winter escapes. Fredericksburg and Lubbock are among the top Airbnb destinations for winter vacations, offering cozy accommodations and local charm. These towns are gaining popularity for their unique combination of history and modern amenities.

🏝 Maui is recovering after wildfires and welcoming back tourists. As the island rebuilds from devastating wildfires, the return of visitors is crucial for the local economy’s recovery. Tourism remains vital to Maui’s efforts to rebuild and restore its community.

🎨 Airbnb Experiences offer unique travel adventures. From wine tastings to outdoor adventures, Airbnb’s curated experiences are reshaping how travelers engage with local cultures. These personalized activities create lasting memories and offer a deeper connection to destinations.

💡 Tech innovations are disrupting real estate. From AI-driven property management tools to blockchain-based transactions, technology is transforming how we buy, sell, and manage homes. These innovations are expected to streamline processes and improve transparency.

🤖 The next wave of AI is set to transform industries. AI large language models are capturing investor attention, with applications spanning various sectors, including real estate and travel. This wave of AI promises to reshape multiple industries and improve operational efficiencies.