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| business plan for short term rentals: Get Paid for Your Pad Jasper Ribbers, Husefa Kapadia, 2014-08-21 Get paid for your pad is the veritable blueprint on how to transform your home into a short-stay rental boon. Renting in the short-stay market, when done correctly, crushes the return from long-term tentants. Like hundreds of thousands of people, you can boost your profits by 2 to 3 times with the most well known short-stay marketplace in the world: Airbnb. |
| business plan for short term rentals: Young House Love Sherry Petersik, John Petersik, 2015-07-14 This New York Times bestselling book is filled with hundreds of fun, deceptively simple, budget-friendly ideas for sprucing up your home. With two home renovations under their (tool) belts and millions of hits per month on their blog YoungHouseLove.com, Sherry and John Petersik are home-improvement enthusiasts primed to pass on a slew of projects, tricks, and techniques to do-it-yourselfers of all levels. Packed with 243 tips and ideas—both classic and unexpected—and more than 400 photographs and illustrations, this is a book that readers will return to again and again for the creative projects and easy-to-follow instructions in the relatable voice the Petersiks are known for. Learn to trick out a thrift-store mirror, spice up plain old roller shades, hack your Ikea table to create three distinct looks, and so much more. |
| business plan for short term rentals: Short-Term Rental, Long-Term Wealth Avery Carl, 2021-10-12 From analyzing potential properties to effectively managing your listings, this book is your one-stop resource for making a profit with short-term rentals! Airbnb, Vrbo, and other listing services have become massively popular in recent years--why not tap into the goldmine? Whether you're new to real estate investing or you want to add a new strategy to your growing portfolio, vacation rentals can be an extremely lucrative way to add an extra income stream--but only if you acquire and manage your properties correctly. Traditional rental properties are a great way to create wealth, but short-term rentals can bring in five times more cash flow than their long-term rental counterparts. Avery Carl, CEO and Founder of the Short Term Shop, will show you how to identify, acquire, and manage a short-term rental from anywhere in the country, plus how to avoid common pitfalls and overcome limitations that keep many would-be investors from ever getting started! In this book, you'll learn how to: Identify the best markets for short-term rental investing Analyze the potential income and profitability of a short-term rental property Self-manage a short-term rental right from your smartphone Build a local boots-on-the-ground team for an out-of-state investment Automate your self-management systems Use the income from short-term rentals to scale your investment portfolio |
| business plan for short term rentals: Start Your Own Travel Hosting Business The staff of Entrepreneur Media, Jason R. Rich, 2017-04-11 GET PAID FOR YOUR PAD An ever-growing number of travelers are searching for more convenient and low-cost accommodation alternatives, as opposed to staying at traditional hotels. As a result, online-based services like Airbnb, FlipKey, HomeAway, Roomorama, and VRBO are making it easy for you to list extra bedrooms or your entire home, condo, or apartment, as a short-term rental option for travelers. Start Your Own Travel Hosting Business will help you make intelligent renting decisions, take appropriate actions and precautions, and deal with realistic expectations while protecting yourself, your property, and your personal belongings. It will help you quickly acquire the core knowledge you need to become a successful travel host and teach you how to: • Prepare your property, maximize amenities, and create a house manual for your guests • Create a listing that generates the highest possible revenue using tips from Superhosts • Attract a constant flow of short-term renters and business travelers with the perfect nightly rate • Apply a variety of tools and resources that will make handling your responsibilities as a travel host easier and less time consuming • Interact with your guests, earn the best possible ratings and reviews, and avoid the most common pitfalls and mistakes made by first-time hosts • Calculate your expenses, understand your tax obligations, and generate the highest possible revenue You’ll also gain valuable insight from in-depth and exclusive interviews with veteran Airbnb hosts and executives within the travel hosting industry. Whether you choose to rent through Airbnb, HomeSuite, Kid & Coe, or take your rentals to sea via Yachtico, this book will help you get started. |
| business plan for short term rentals: Property Management Kit For Dummies Robert S. Griswold, 2013-01-31 Discover how to be a landlord with ease Thinking about becoming a landlord? Property Management Kit For Dummies gives you proven strategies for establishing and maintaining rental properties, whether a single family or multi-resident unit. You'll find out how to prepare and promote your properties, select tenants, handle repairs, avoid costly mistakes and legal missteps—and meet your long-term goals. Now you can find out if you really have what it takes to successfully manage a rental property, and you'll learn all about the various options for hiring someone else to manage your property for you. You'll find out the right way to prepare your properties for prospective tenants, set the rent and security deposit, clean up properties between tenants, and verify rental applications. In no time at all, you can become a top-notch property manager by working efficiently with employees and contractors to keep your properties safe and secure. Manage your time and money wisely Acquire a property and prepare it for tenants Make your property stand out and attract tenants Keep good tenants and get rid of bad ones Collect and increase rent Evaluate the different types of insurance and understand income and property taxes Complete with lists of ten reasons to become a rental property owner, ten ways to rent your vacancy, and the ten biggest mistakes a landlord can make, Property Management Kit For Dummies helps you achieve your dream of being a successful residential rental property owner. CD-ROM and other supplementary materials are not included as part of the e-book file, but are available for download after purchase. |
| business plan for short term rentals: Can I Retire Yet? Darrow Kirkpatrick, 2016-05-20 You've worked hard, lived carefully, and saved diligently. You've reached major milestones and accumulated more assets than you dreamed possible, and yet you hesitate. Can I retire? This book will help answer that question by showing you.... The tools you need to live a secure and independent retirement, without worrying about money What you must know before leaving a career behind How much it will cost you to live in retirement, and how to manage your cash flow The current choices for retirement health care, including lesser-known but effective options The threat from inflation: two secrets that politicians and bankers will never admit A realistic assessment of the impact that income taxes will have on your retirement Social Security's role in your retirement: when you should claim and how much it's worth to you How to construct and manage an investment portfolio for income and growth in retirement About immediate annuities and why you need multiple sources of retirement income The key variables and unknowns in your retirement withdrawal equation Reviews of the best retirement calculators, and tips for how to use them accurately Beyond the simplistic 4% Rule to the latest research on safe withdrawal rates Realistic bracketing of your retirement savings needs, without over caution or overconfidence The history of economic cycles and the related asset classes for optimal retirement security A survey of strategies plus original research for how to orchestrate your retirement distributions A practical retirement fuel gauge alerting you to problems while you still have time to act Backup plans: the lifeboat strategies for ensuring you'll never be without essential income The 6 crucial questions to answer before you can retire The one, simple, powerful, non-financial reason that you can and should retire earlier than later |
| business plan for short term rentals: Peer to Peer Accommodation Networks Sara Dolnicar, 2017-12-01 The first book to present a new conceptual framework which offers an initial explanation for the continuing and rapid success of such 'disruptive innovators’ and their effects on the international hospitality industry. It discusses all the hot topics in this area, with a specific focus on Airbnb, in the international context. |
| business plan for short term rentals: Business Planning for Affordable Housing Developers R. M. Santucci, 2013 Using a seven step process, real estate developers will be mentored through the path to creating a three to five year business plan. It includes a template outlining the narrative and spreadsheet format for administrative and capital projections. It also includes examples of real estate plans from successful operations. The seven steps to create a fundable plan are: Describe the Business, Evaluate the Environment, Plan Organization, Management, and Personnel, The Financial System, Marketing Strategy, Identify and Defeat Risk, and Develop and Sell Your Plan. This niche guidance is targeted to Real Estate Developers and nonprofit organizations who are actively pursuing a successful path to long term sustainability. |
| business plan for short term rentals: Vacation Rental Success MR Joel Rasmussen, 2013-05-01 Converting residential property to vacation rentals is the great secret to creating real estate wealth, and you can learn how! Short term rentals can profoundly change the math of real estate investing, and author and successful owner Joel Rasmussen will show you the way. As the President and founder of one of North American's largest vacation rental owners associations, Rasmussen has seen the best and worst practices first hand, and condenses that knowledge into a no-nonsense book packed with advice from some of the smartest people in our industry. Joel is a seasoned guide who is ready and willing to show you the way, - Brian Sharples, CEO and co-founder of HomeAway, Inc. the world's largest online vacation rental site. Joel will help you get in on the ground floor of an industry that is growing exponentially every year. Vacation Rental Success is the definitive handbook for those who are considering short-term property rentals either as an additional source of income, or the platform to redesign your lifestyle. This first book in the Vacation Rental Success series shows you everything you need to know to go 'From Start to Profit'. |
| business plan for short term rentals: The Business Plan Workbook Colin Barrow, Paul Barrow, Robert Brown, 2005 Fully revised and endorsed by the IOD, this text shows how to research and formulate a successful business plan, and achieve your aims to raise capital or to establish the viability of an enterprise. It is based on methodology developed at the EnterpriseFaculty within the Cranfield School of Management. |
| business plan for short term rentals: Airbnb For Dummies Symon He, James Svetec, 2023-03-10 Turn to the most-trusted guide to get started on your Airbnb adventure Airbnb For Dummies is here to help you prep your property and post your first listing on the wildly popular short-term rental site. Even if you don’t have a house, you can become an Airbnb host. A spare room at your place, a camper, a boat, a treehouse, a castle—you can turn just about anything into an Airbnb and earn additional income hosting guests. You can even offer tours around your hometown. This comprehensive resource helps you make your goals a reality, with details on how to get set up and navigate the platform and where to turn for info on local short-term rental rules, plus all the post-pandemic changes to travel and to Airbnb’s policies. Learn to attract adventurers from far and wide, with help from For Dummies experts. Decide whether becoming an Airbnb host is right for you Create an appealing listing on the Airbnb site and attract guests Host experiences and ensure the health and safety of guests Get positive reviews and improve your property’s visibility This book is especially for you, the first-time Airbnb host in need of a guide for creating a listing, keeping up a property, and attracting guests. |
| business plan for short term rentals: How to Rent Vacation Properties by Owner Christine Hrib Karpinski, 2007 In this all-new, updated edition, author and speaker Christine Hrib-Karpinski takes readers through all the steps necessary to purchase and rent out a vacation home. This book contains practical, hands-on advice that shows the reader how to do it without property management companies, and keep 100 percent of the profits. It offers realistic strategies to create a situation in which renters pay the mortgage, while still allowing the owner several weeks a year in that little slice of paradise. |
| business plan for short term rentals: How to Write a Business Plan Mike P. McKeever, 2018-11-06 Step-by-step advice on preparing a business plan You need a sound business plan to start a business or raise money to expand an existing one. For over 30 years, How to Write a Business Plan has helped fledgling entrepreneurs—from small service businesses and retailers to large manufacturing firms—write winning plans and get needed financing. This bestselling book contains clear step-by-step instructions and forms to put together a convincing business plan with realistic financial projections, effective marketing strategies, and overall business goals. You’ll learn how to: figure out if your business idea will make money determine and forecast cash flow create profit and loss forecasts prepare marketing and personnel plans find potential sources of financing, and present your well-organized plan to lenders and other backers. This edition is updated to reflect best practices for raising money (from SBA loans to equity crowdfunding). |
| business plan for short term rentals: How to Write a Business Plan Mike McKeever, Here is a book designed to help you write a first-rate business plan and loan application. How to Write a Business Plan contains detailed forms and step-by-step instructions designed to help you prepare a well-thought-out, well-organized plan. It shows you how to apply proven financial and business planning techniques usedby traditional lenders and investors to your benefit. Coupled with your positive energy and will to succeed, this book shows you how to design a business plan and loan package you will be proud to show to the loan officer at your bank, the Small Business Administration or your Uncle Harry. |
| business plan for short term rentals: Optimize YOUR Airbnb Daniel Vroman Rusteen, 2018-01-20 Former Airbnb employee, Superhost, and Airbnb property manager reveals his strategies to rank #1 in Airbnb search by creating an optimal online listing and offline guest experience. I have never seen so much valuable, actionable advice in one place for an Airbnb host. Highly recommended! - Chip Conley |
| business plan for short term rentals: The Book Direct Playbook Mark Simpson, 2022-02-02 Get direct bookings for your Short Term Rental properties using powerful insights from one of the Top 20 Most Influential People in the Vacation Rental Industry - Keep reading! Are you a rental property owner who can seem to get direct booking without relying on big-name platforms? Are you tired of giving up a hefty percentage of your earnings to these said platforms? Are you looking for a way to boost your direct bookings and get the full-sum profits you deserve? You're not alone. When Mark Simpson - renowned author, award-winning mentor, and proud Boostly founder - was tasked to take his family's short-stay accommodation business online, he was quite grateful for websites like Booking Holidays, Expedia Group, and Airbnb. But when he realised that business owners are just a number to them, he learned to pivot... and his family's business thrived. In The Book Direct Playbook, Mark poured all his experience, learnings, insights, (and the odd soccer reference), to help property owners around the world finally regain control and turn their business into the champion of direct bookings. Using this powerful guide, you will: Find and attract your ideal guest using a step-by-step, targeted approach to creating a customer avatar, identifying your ideal guest, and scoring big with every single one Structure your business and implement the best systems, including optimized mobile-friendly websites, customer management systems, and lead generation tools Learn Mark's secret sauce to leveraging social media, with insights from his company Boostly - a recipient of the Best Use of Social Media 2020 award at The Shortyz Deep dive into the easiest ways that business owners like you can convert an online travel agency booking into a direct one And so much more! |
| business plan for short term rentals: Business Plans Kit For Dummies Steven D. Peterson, Peter E. Jaret, Barbara Findlay Schenck, 2011-03-08 When you’re establishing, expanding, or re-energizing a business, the best place to start is writing your business plan. Not only does writing out your idea force you to think more clearly about what you want to do, it will also give the people you work with a defined road map as well. Business Plan Kit For Dummies, Second Edition is the perfect guide to lead you through the ins and outs of constructing a great business plan. This one-stop resource offers a painless, fun-and-easy way to create a winning plan that will help you lead your business to success. This updated guide has all the tools you’ll need to: Generate a great business idea Understand what your business will be up against Map out your strategic direction Craft a stellar marketing plan Tailor your plan to fit your business’s needs Put your plan and hard work into action Start an one-person business, small business, or nonprofit Create a plan for an already established business Cash in on the Internet with planning an e-business Featured in this hands-on guide is valuable advice for evaluating a new business idea, funding your business plan, and ways to determine if your plan may need to be reworked. You also get a bonus CD that includes income and overhead worksheets, operation surveys, customer profiles, business plan components, and more. Don’t delay your business’s prosperity. Business Plan Kit For Dummies, Second Edition will allow you to create a blueprint for success! Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file. |
| business plan for short term rentals: Start Your Own Airbnb Business The Staff of Entrepreneur Media, Jason R. Rich, 2023-11-07 Your Property has Unlimited Profit Potential! The average Airbnb host earns about 1,000 dollars of additional income per month with the opportunity to earn over six figures a year. Start Your Own Airbnb Business is your step-by-step guide to illuminate your property’s assets and maximize your earning potential. Learn how to outperform your competition, generate the highest revenue possible for your short-term rental, and protect your home from the unexpected by following the guidance of experienced Airbnb hosts and veteran Superhosts. With total control of your calendar, no minimum or maximum listing dates, and the power to set your own pricing, you’re in charge of how much you can yield. Discover How To; Manage your finances and utilize insider resources to simplify your hosting experience Promote your property for continuous stays and returning customers Communicate with your guests and generate positive reviews Identify your property’s unique selling points to capitalize on your assets and determine your nightly rates Navigate state laws and insurance requirements to ensure you’re fully protected See what Start Your Own Airbnb Business can offer you and start earning today! |
| business plan for short term rentals: Landlording Leigh Robinson, 1988 Landlording: a handymanual for scrupulous landlords and landladies who do it themselves. |
| business plan for short term rentals: Micro Trips Lonely Planet, 2019-09-01 From Austin and Bangkok to Marrakesh and Sydney, Lonely Planet presents the best trips within three hours of 60 of the world's most popular cities. With sights, activities and hidden gems built around themes like culture, the outdoors, and cuisine, there's no end to the amazing ideas you'll find for your next urban escape or long layover, or the new experiences you'll discover to enjoy in your own backyard. The cities in this book could fill a lifetime of new experiences, but a short trip by train, bus or car opens an even greater world to explore. In Micro Trips we challenge you to look beyond the city limits for your next adventure. An hour and 40 minutes from Cape Town you can spy breaching whales from the cliff path at Hermanus; within two hours of Manhattan you can surf at Rockaway Beach; and just outside B?ij?ng you can choose between rafting a scenic gorge, visiting Jin era temples or hiking along the Great Wall. Each city is presented with a map of the surrounding area pinpointed with up to 18 of the most notable things to do within three hours' travel time. Each excursion is color-coded to denote outdoor pursuits, arts and culture, history, festivals and events, film and music, or food and drink. Special sections include Africa's best beach towns, Japan's best onsen retreats, the best food & drink tours in North America, Europe's finest off-the-beaten-track wineries, Oceania's most fascinating indigenous experiences, and the top wildlife watching destinations in Latin America. About Lonely Planet: Lonely Planet is a leading travel media company and the world's number one travel guidebook brand, providing both inspiring and trustworthy information for every kind of traveler since 1973. Over the past four decades, we've printed over 145 million guidebooks and grown a dedicated, passionate global community of travelers. You'll also find our content online, on mobile, video and in 14 languages, 12 international magazines, armchair and lifestyle books, ebooks, and more. Important Notice: The digital edition of this book may not contain all of the images found in the physical edition. |
| business plan for short term rentals: Every Airbnb Host's Tax Guide Stephen Fishman, 2022-01-25 All 2.9 million Airbnb hosts in the United State can profit from this book. The first, and still only, one of its kind, it tells hosts everything they need to know about taxes for short-term rentals, including deductions they may take, depreciation, when short-term rentals are tax-free, repairs, and tax reporting for short-term rentals. The new edition covers all the latest tax changes brought about by the Coronavirus legislation passed by Congress. These include new tax breaks that can save hosts thousands in taxes: tax credits for sick leave and family leave for self-employed hosts, employee retention credit, and tax-free treatment of landlord PPP loans Many Airbnb hosts have lost money due to the Coronavirus pandemic. This book explain if, when, and how short-term rental hosts may deduct their losses from other nonrental income. |
| business plan for short term rentals: The Book on Rental Property Investing Brandon Turner, 2015-10-28 With more than 350,000 units sold worldwide, this fan-favorite will show you every strategy, tool, tip, and technique you need to become a millionaire rental property investor. |
| business plan for short term rentals: The Secrets to Construction Business Success Thomas C. Schleifer, Mounir El Asmar, 2021-12-10 With a daunting industry-wide business failure rate, construction professionals need to manage risk and finances as effectively as they manage projects and people. The Secrets to Construction Business Success empowers contractors and other professionals to defy the long odds threatening their stability, growth, and very survival. Drawing on the authors’ more than eight decades of combined experience turning around failing firms, this book provides a masterclass in structuring, managing, and futureproofing a construction business. Chapters on measuring and responding to dips in revenue equip executives to recognize and respond to the warning signs of financial distress while chapters on succession planning ensure that organizations survive their founders’ departures. Sample documents and tools developed for the authors’ consulting practice offer field-tested solutions to organizational structure, forecasting, and accounting challenges. A steady source of guidance in an industry with few constants, The Secrets to Construction Business Success makes an invaluable addition to any industry leader’s library. |
| business plan for short term rentals: Glen Echo Park, Montgomery County, Management Plan , 2001 |
| business plan for short term rentals: The Vacation Rental Bible David Mencel, 2020 New for 2020! Have you ever dreamed of owning a vacation property that pays for itself? In today's market, platforms like Airbnb and Vrbo have made this not only possible, but easy to execute successfully. Already own a rental property? This book can teach you how to analyze your financial performance, study your competition, and improve your guest relations to improve your profitability. You'll learn how to: - Find a suitable property - Build a budget (including downloadable Excel sample budgets) - Prepare for rental guests - Create and maintain your online listing - Manage income and cash flow Additional Topics This book also provides guides on how to earn 5-star reviews, maximize search engine optimization, deal with difficult guests, and even includes a bonus chapter on improving your real estate photography. Whether you list on Airbnb, Vrbo, Homeaway, or through a professional property manager or even your own website, the tips and tricks in this book can help you take management of your property to the next level. |
| business plan for short term rentals: 427 Eco-Friendly Business Ideas Mansoor Muallim, Discover 427 innovative and eco-conscious business ideas tailored for a sustainable future in 427 Eco-Friendly Business Ideas: Project Report Overviews. This comprehensive guide not only provides a wealth of green business concepts but also offers insightful project report overviews, giving you a glimpse into the practical implementation and potential impact of each idea. From renewable energy startups to zero-waste initiatives, this book covers a wide range of eco-friendly ventures suitable for entrepreneurs, environmental enthusiasts, and business professionals alike. Each idea is accompanied by a concise project report overview, detailing key aspects such as feasibility, market analysis, environmental impact assessment, and more. Whether you're seeking inspiration for your next green business endeavor or looking to deepen your understanding of sustainable entrepreneurship, 427 Eco-Friendly Business Ideas: Project Report Overviews is your essential resource for navigating the landscape of eco-conscious innovation. Dive in, explore, and embark on the journey towards a greener, more sustainable future today. |
| business plan for short term rentals: Vacation Rental Confidential Michael Hamilton, 2019-07-29 Have you ever thought about making money with vacation rentals? If so, you're like us. In fact, it's many people's dream to make income from vacation rentals and create more options in their own life. Unfortunately, the problem for most people, is that the dream remains just that--a dream and a fantasy. Disappointing as well, the majority of those who have the courage to take the ownership plunge rarely avoid the typical landlord hassles of dealing with short-term rentals; they feel stressed and get run by the business. But what if a host had a proven blueprint? One that could increase the likelihood of success and truly make this dream a reality. Imagine what life would look like with additional income streams, retirement security and the opportunity to build a legacy in a place you love with those you love. If you are serious and not just a dreamer, if you believe success leaves clues, then Vacation Rental Confidential will help: fuel your lifestyle, create more options and live your dream.This book will teach the following: ?How Mike created a systems dependent, scalable, short-term rental business that allows him to generate income from anywhere and be his own boss ?How to build a boutique brand, differentiate your rentals and get paid premium rates?How to remove yourself from operational headaches and AVOID becoming the burnt-out landlord?An insider's look at the Live Swell's Proven Process, our blueprint on how to create top-performing properties, get more bookings and create raving fans?How to develop a strategy to protect, secure and insure your vacation rentals the correct way while limiting personal liability ?How to hedge inflation and short the U.S dollar with good debt while building wealth with short term rentals ?How to avoid the costly mistakes most newbies make and how you can win from the start?An introduction to how successful entrepreneurs and the wealthy think and invest |
| business plan for short term rentals: The Boardinghouse in Nineteenth-Century America Wendy Gamber, 2007-04-16 Publisher description |
| business plan for short term rentals: Build a Rental Property Empire Mark Ferguson, 2016-03 I finally got a chance to purchase and read your book (Build a Rental Property Empire). It was easy to read and practical and pragmatic - and I liked it enough to give a copy to my son who is just starting out with his real estate investing and also to two of my investor clients as closing gifts.-SharonLearn the best way to invest in rental properties in this 300 plus page book written by real estate investor Mark Ferguson (owns more than 100,000 sqft of rentals). This book gives you the exact details on how to finance, find, analyze, manage, and even sell rental properties. Where other books lack the details on how to actually make money in real estate, this book is all about the details. It is written by someone who has been investing in real estate for over 15 years and is still investing today. If you are having trouble figuring out how to find the right properties, how to finance them, where to buy properties, or how to buy with little cash, this books tells you how to overcome those obstacles. If you can't find your answer in the book, Mark even gives away his email address where you can ask him directly. Mark is a successful rental property owner, fix and flipper and real estate broker. Mark has sold over 1,000 houses as a broker, flipped over 155 houses, and owns his own office Blue Steel Real Estate. Mark bought his first rental property on his own in December 2010 and now has 19 rentals (commercial and residential). He has fix and flipped houses since 2001 and been a real estate agent since 2001 as well. Over the years, he has learned the best way to find rentals, get great deals, manage properties, finance properties, find great markets and build wealth with rentals. In this book, Mark gives you all the information you need to be a successful rental property investor. Mark also started Investfourmore.com, a real estate blog with over 35,000 subscribers and millions of visitors. He is known for his straight to the point writing that is easy to understand and full of insight. This book is not full of theories and made up stories. It contains real-world case studies and information on investing from an investor actively investing in today's market (2017). Here are just a few of the topics covered: · Why rental properties will help you retire faster than other investments· The risks of investing in rentals· How to determine what a good rental property is· How to determine what type of rental to buy· How to get a great deal on properties· How to finance rentals, even if you have more than 4 or more than 10· How to invest in rentals with less cash· How to repair and maintain properties· How to manage rentals or find a property manager· What are the best exit strategies· How to buy rental properties when your market is too expensiveThis book has been revised a number of times to reflect current market conditions and changes in Mark's strategy. |
| business plan for short term rentals: Renting Your Recreational Property for Profit Heather Bayer, 2007-04 Renting Your Recreational Property for Profit contains everything you need to know to rent out your cottage/condo/holiday home professionally and profitably, with minimum stress. Author Heather Bayer guides you from the first tentative step of deciding to open up your vacation home guests, to what you will need to have in place before they arrive--and everything in between. |
| business plan for short term rentals: The Airbnb Story Leigh Gallagher, 2017-02-16 In 2008, two broke art school graduates and their coder-whiz friend set up a platform that - in less than a decade - became the largest provider of accommodations in the world. Now valued at $30 billion, Airbnb is in the very top tier of Silicon Valley's 'unicorn' startups. Yet the company has not been without controversy - disrupting a $500 billion hotel industry makes you a few enemies. This is also a story of regulators who want to shut it down, hotel industry leaders who want it to disappear and neighbourhoods that struggle with private homes open for public rental. But beyond the headlines and the horror stories, Airbnb has changed the terms of travel for a whole generation - where a sense of belonging has built trust between hosts and guests seeking a more original travel experience that hotels have struggled to replicate. This is the first, definitive book to tell the remarkable story behind Airbnb in all its forms - cultural zeitgeist, hotel disruptor, enemy to regulators - and the first in-depth character study of its leader Brian Chesky, the company's curious co-founder and CEO. It reveals what got Airbnb where it is today, why they are nothing like Uber, and where they are going next. |
| business plan for short term rentals: Travel Hosting Business The Staff of Entrepreneur Media, 2017-04-11 The experts at Entrepreneur provide a two-part guide to success. First, learn the nuts and bolts of starting a travel hosting business, including everything from writing your property listing to dealing with guests who break the rules. Then, master the fundamentals of business startup including defining your business structure, funding, staffing and more. This kit includes: • Essential industry and business-specific startup steps with worksheets, calculators, checklists and more • Entrepreneur Editors’ Start Your Own Business, a guide to starting any business and surviving the first three years • Interviews and advice from successful entrepreneurs in the industry • Worksheets, brainstorming sections, and checklists • Entrepreneur's Startup Resource Kit (downloadable) More about Entrepreneur’s Startup Resource Kit Every small business is unique. Therefore, it’s essential to have tools that are customizable depending on your business’s needs. That’s why with Entrepreneur is also offering you access to our Startup Resource Kit. Get instant access to thousands of business letters, sales letters, sample documents and more – all at your fingertips! You’ll find the following: The Small Business Legal Toolkit When your business dreams go from idea to reality, you’re suddenly faced with laws and regulations governing nearly every move you make. Learn how to stay in compliance and protect your business from legal action. In this essential toolkit, you’ll get answers to the “how do I get started?” questions every business owner faces along with a thorough understanding of the legal and tax requirements of your business. Sample Business Letters 1000+ customizable business letters covering each type of written business communication you’re likely to encounter as you communicate with customers, suppliers, employees, and others. Plus a complete guide to business communication that covers every question you may have about developing your own business communication style. Sample Sales Letters The experts at Entrepreneur have compiled more than 1000 of the most effective sales letters covering introductions, prospecting, setting up appointments, cover letters, proposal letters, the all-important follow-up letter and letters covering all aspects of sales operations to help you make the sale, generate new customers and huge profits. |
| business plan for short term rentals: The Vacation Rental Goldmine Chris Debusk, 2014-09-06 For novice and experienced vacation rental owners alike, this book offers strategies to get the most from the rental property by ensuring great guest experiences through the detailed instructions. |
| business plan for short term rentals: The White Coat Investor's Financial Boot Camp James M. Dahle, 2019-03 Doctors and other high income professionals receive little training in personal finance, investing, or business. This book teaches them what they did not learn in school or residency. It includes information on insurance, personal finance, budgeting, buying housing, mortgages, student loan management, retirement accounts, taxes, investing, correcting errors, paying for college, estate planning and asset protection. |
| business plan for short term rentals: How to Start a Successful Airbnb Business Walter Grant, Richard Anderson, 2022-05-23 The secret to earning a six-figure income without having to work your butt off When you think about living your dream life, what comes to mind? Does it include spending most of your waking hours in front of a computer, answering emails from your demanding boss and only living it up on weekends? Or does it consist of owning your own time, pursuing things you're passionate about, and still earning more than enough to indulge in your favorite activities? Unless you're certifiably insane, you definitely answered the latter. Who wouldn't want to get away from the drudgery of employee life and become the boss of their own life? There's safety and comfort in knowing you'll receive a fixed amount of money every month, regardless of how much your employer earns. But this also means that you won't get paid any more than your fixed salary, and the majority of your week belongs to the company. Why not explore something different, something that gets you closer to achieving the life of your dreams? Like starting your own business. One of the most ideal businesses for those who are just starting out is Airbnb hosting. With insider knowledge from a successful long-time Airbnb host, you can skip over the trial and error and go directly into doing what works. In How to Start a Successful Airbnb Business, you will discover: * A detailed walkthrough of the fundamentals of running an Airbnb business- from conducting market research to being the ideal host * How to set up your business legally and choose the right type of business structure for your specific needs * The winning formula to hosting successful listings that will keep the clients coming * How you can have more control over who rents out your property - for your own safety and your property's - using this special Airbnb feature * An honest look at the perks and the downsides of being an Airbnb host so you know exactly what you're getting into * Additional money-making options from Airbnb - how you can boost your income without having to buy more property How you can remove yourself from your day-to-day business operations and still enjoy the benefits and reap the profits And much more. Your dream lifestyle awaits. You just need to take the leap. |
| business plan for short term rentals: Short-Term Rental Success Christine Shuck, 2024-03-04 Are you looking to succeed in the world of short-term rentals? Look no further than this comprehensive guide to achieving success in the fast-paced world of vacation rentals. From mastering the art of listing your property to effectively communicating with guests and providing a top-notch experience, this book covers it all. Whether you're just starting out in the world of short-term rentals or you're an experienced host looking to take your business to the next level, this book offers valuable insights and practical tips for achieving success. You'll learn how to set competitive pricing, market your property effectively, and provide the kind of service that will keep guests coming back time and time again. In addition to expert advice on running a successful short-term rental business, this book also covers the legal and financial considerations of the industry. You'll learn about the important regulations and tax implications of running a vacation rental, as well as how to protect yourself and your property from potential risks. Written with an eye to the details and attention to true and consistent hospitality, Short-Term Rental Success with take your short-term rental to the next level and help you achieve success, make more money, and have guests leave you reviews like this one... Christine's place was wonderful, as was she. She truly has the gift of hospitality and it was evident in all of the little welcoming touches. - JoAnne, guest at Hedy Lamarr Airstream With clear, practical advice and real-world examples, this book is a must-read for anyone looking to succeed in the exciting world of short-term rentals. With Christine's expertise, you will soon be receiving reviews like this: Christine's place was delightful! It was a gift to the senses and a very cozy place. Every need was anticipated and met, and she was accommodating and prompt to respond. The beds were especially comfortable. I don't usually stay in or near a city, but I felt completely safe and secure. I wish we had a reason to stay longer and would highly recommend a stay there. - Rebecca, a guest at Cottage West Don't miss out on your chance to take your vacation rental business to the next level. Get your copy today! |
| business plan for short term rentals: Airbnb, Short-Term Rentals and the Future of Housing Lily M. Hoffman, Barbara Schmitter Heisler, 2020-11-03 How do Airbnb and short-term rentals affect housing and communities? Locating the origins and success of Airbnb in the conditions wrought by the 2008 financial crisis, the authors bring together a diverse body of literature and construct case studies of cities in the US, Australia and Germany to examine the struggles of local authorities to protect their housing and neighborhoods from the increasing professionalization and commercialization of Airbnb. The book argues that the most disruptive impact of Airbnb and short-term rentals has been on housing and neighborhoods in urban centers where housing markets are stressed. Despite its claims, Airbnb has revealed itself as platform capitalism, incentivizing speculation in residential housing. At the heart of this trajectory is its business model and control over access to data. In a first narrative, the authors discuss how Airbnb has institutionalized short-term rentals, consequently removing long-term rentals, contributing to rising rents and changing neighborhood milieus as visitors replace long-term residents. In a second narrative the authors trace the transformation of short-term rentals into a multibillion-dollar hybrid real estate sector promoting a variety of flexible tenure models. While these models provide more options for owners and investors, they have the potential to undermine housing security and exacerbate housing inequality. While the overall effects have been similar across countries and cities, depending on housing systems, local response has varied from less restrictive in Australia to increasingly restrictive in the United States and most restrictive in Germany. Although Airbnb has made some concessions, it has not given any city the data needed to efficiently enforce regulations, making for costly externalities. Written in a clear and direct style, this volume will appeal to students and scholars in Urban Studies, Urban Planning, Housing and Tourism Studies. |
| business plan for short term rentals: The Book on Negotiating Real Estate J. Scott, Mark Ferguson, Carol Scott, 2019-03-28 With over 1,000 successful real estate deals between them, the authors combine the science of negotiation with real world experience to dive into all aspects of the real estate negotiation process -- from the first interaction with a buyer or seller, to renegotiating the contract after unexpected issues arise, to last-minute concessions at closing. Aimed at real estate investors and agents at any level, this book not only covers all aspects of negotiating real estate deals, but also contains dozens of true-life stories that highlight how strong negotiation can result in more and better deals, as well as dialogue that will teach you what to say and how to say it, strengthening your ability to close profitable transactions. |
| business plan for short term rentals: Platform-Mediated Tourism Paola Minoia, Salla Jokela, 2022-11-10 This book presents theoretical and empirical perspectives on platform-mediated tourism, with a special focus on Airbnb. The case studies included in this volume show that the impacts of short-term renting on neighbourhoods, residents and tourism operators are uneven, but increasingly significant. During the past decade, digital platforms for short-term rental, transport, social dining etc., have enabled the development of a new generation of entrepreneurs in tourism and mobility. The mediation of services through digital platforms was initially presented as a form of a sharing economy led by non-professional providers, but it has grown into a new form of capitalist speculation. The inadequacy of existing legal frameworks in regulating platform-mediated activities has generated reactions by social movements, especially for the protection of housing rights. With the outbreak of Covid-19, the downfall in the mobility and tourism economy has revealed the acuteness of the structural crisis of cities and of labour based on platform-mediated activities. In Europe, networks of cities are taking action against platforms to regain their control over data that is needed to regulate platform-mediated tourism services, and the rights of residents in tourism cities. The authors in this edited volume explore issues of social justice in terms of residents’ quality of life, working conditions, the housing market, urban structure, the morality of operators who navigate through normative loopholes, and the responsibility issues of platform companies holding data on short-term rentals. The chapters in this book were originally published in the Journal of Sustainable Tourism. |
| business plan for short term rentals: Myths, Management & Mastery of Vacation Rentals Jeramie L. Worley, 2016-01-29 Myths, Management & Mastery of Vacation Rentals is an outstanding approach to real estate investing using vacation rentals as a vehicle for a high cash flow investment, a low cost second home or a way to ease into a retirement property. This easy to read book is an introduction to the nightly rental business and will guide the reader through the buying, marketing, managing and even the selling process of a vacation rental. Packed with personal stories and practical tips, anyone reading this book will walk away with a brain full of new knowledge. |
Rental Property Business Plan Example - Upmetrics
Get started using a business plan template is always the fastest way to write your business plan, but as you know, you can't just fill in the blanks along with a template. You will need a collaborative tool that guides you on every step of your planning. Upmetrics can help. With Upmetrics, you can easily bring your … See more
Short-Term Rental Regulations - National League of Cities
Guide for Local Governments. Based on an analysis of 60 short-term rental ordinances, this action guide lays out a detailed overview of best practices for cities to develop and pass short …
Sample Short Term Rental Business Plan (PDF)
Sample Short Term Rental Business Plan: Short-Term/Vacation Rentals Investments Made Easy Gaston Gilbert,2021-01-10 Have you been toying with the idea of investing in vacation or short …
Bylaw 20002 - Business Licence Bylaw - City of Edmonton
Accommodation (Short-Term) category to have, and follow an approved Operational Plan for each short-term rental property. You must complete this Operational Plan when applying for a new …
Pinellas County Short-Term Rentals Re-Opening Plan
To allow short-term vacation rental reservations in Pinellas County, the following plan will be implemented to take reservations and check-ins the week of May 18th. This plan will be …
Short-Term RentalS - chilliwack.com
• Operating a short-term rental in a home that is not your principal residence. • Listing or advertising a short-term rental without displaying a valid business licence. • Listing or …
Manatee County Vacation Rentals Plan for Phased Opening
The Manatee County Plan for Opening Short-Term Vacation Rentals was developed using guidance from the Florida Department of Business and Professional Regulation (DBPR). This …
SHORT-TERM RENTAL PROCEDURES AND ZONING PERMIT …
The advertisement of a Short-Term Rental shall include the County issued Zoning Permit Number and Business License Number. Tax Assessments of the property may change due to its partial …
Bay County Plan for Opening Short -term Rentals
May 16, 2020 · The Bay County Plan for Opening Short-Term Rentals was developed using guidance from the Florida Department of Business and Professional Regulation, the Vacation …
Short-Term Rental Permit
Short-Term Rental Permit Purpose and Procedure A Short-Term Rental Permit is an administrative process where the City Planner reviews proposals regulating short-term rentals …
Town of Marlborough Planning Board Minor Site Plan …
Mar 17, 2025 · Short Term Rentals, Home Occupations, and Bed and Breakfasts Please refer to the Town of Marlborough Town Code including but not limited to Sections 155-31 O and 155 …
CONDITIONAL USE PERMIT APPLICATION SHORT TERM …
Nov 3, 2017 · Short term rentals (rentals less than 30 days), where allowed, are permitted as conditional uses approved by staff. The City’s short-term rental ordinance and short-term …
Sample Short Term Rental Business Plan [PDF]
Sample Short Term Rental Business Plan: Short-Term/Vacation Rentals Investments Made Easy Gaston Gilbert,2021-01-10 Have you been toying with the idea of investing in vacation or short …
SHORT-TERM VACATION RENTAL PERMIT PROCESS OVERVIEW
Short-term rentals (STRs) are classified as overnight accommodations provided for a period of less than thirty (30) days. This roadmap can help navigate short-term rental potential on your …
Short Term Rental Business Licence Application Requirement …
• Visit calgary.ca/str for more information about short term rentals. • Review the Good Host and Good Guest guides. • Review our Digital document criteria prior to submitting your application.
Sample Short Term Rental Business Plan Copy
Sample Short Term Rental Business Plan: Short-Term/Vacation Rentals Investments Made Easy Gaston Gilbert,2021-01-10 Have you been toying with the idea of investing in vacation or short …
Good Host Guide - The City of Calgary
Below is information about short-term rental regulations identified in the Business Licence Bylaw 32M98 and applicable processes for hosts to follow. The City of Calgary requires short-term …
Rental Property Business Plan Example - Upmetrics
Upmetrics has everything you need to create a comprehensive business plan. Not sure where to start? Upmetrics’ AI Assistant will automatically generate ideas for each section of your plan …
Short-Term Rental Regulations - National League of Cities
Guide for Local Governments. Based on an analysis of 60 short-term rental ordinances, this action guide lays out a detailed overview of best practices for cities to develop and pass short …
Sample Short Term Rental Business Plan (PDF)
Sample Short Term Rental Business Plan: Short-Term/Vacation Rentals Investments Made Easy Gaston Gilbert,2021-01-10 Have you been toying with the idea of investing in vacation or short …
Bylaw 20002 - Business Licence Bylaw - City of Edmonton
Accommodation (Short-Term) category to have, and follow an approved Operational Plan for each short-term rental property. You must complete this Operational Plan when applying for a new …
Pinellas County Short-Term Rentals Re-Opening Plan
To allow short-term vacation rental reservations in Pinellas County, the following plan will be implemented to take reservations and check-ins the week of May 18th. This plan will be …
Short-Term RentalS - chilliwack.com
• Operating a short-term rental in a home that is not your principal residence. • Listing or advertising a short-term rental without displaying a valid business licence. • Listing or …
Manatee County Vacation Rentals Plan for Phased Opening
The Manatee County Plan for Opening Short-Term Vacation Rentals was developed using guidance from the Florida Department of Business and Professional Regulation (DBPR). This …
SHORT-TERM RENTAL PROCEDURES AND ZONING PERMIT …
The advertisement of a Short-Term Rental shall include the County issued Zoning Permit Number and Business License Number. Tax Assessments of the property may change due to its partial …
Bay County Plan for Opening Short -term Rentals
May 16, 2020 · The Bay County Plan for Opening Short-Term Rentals was developed using guidance from the Florida Department of Business and Professional Regulation, the Vacation …
Short-Term Rental Permit
Short-Term Rental Permit Purpose and Procedure A Short-Term Rental Permit is an administrative process where the City Planner reviews proposals regulating short-term rentals …
Town of Marlborough Planning Board Minor Site Plan …
Mar 17, 2025 · Short Term Rentals, Home Occupations, and Bed and Breakfasts Please refer to the Town of Marlborough Town Code including but not limited to Sections 155-31 O and 155 …
CONDITIONAL USE PERMIT APPLICATION SHORT TERM …
Nov 3, 2017 · Short term rentals (rentals less than 30 days), where allowed, are permitted as conditional uses approved by staff. The City’s short-term rental ordinance and short-term rental …
Sample Short Term Rental Business Plan [PDF]
Sample Short Term Rental Business Plan: Short-Term/Vacation Rentals Investments Made Easy Gaston Gilbert,2021-01-10 Have you been toying with the idea of investing in vacation or short …
SHORT-TERM VACATION RENTAL PERMIT PROCESS OVERVIEW
Short-term rentals (STRs) are classified as overnight accommodations provided for a period of less than thirty (30) days. This roadmap can help navigate short-term rental potential on your …
Short Term Rental Business Licence Application Requirement …
• Visit calgary.ca/str for more information about short term rentals. • Review the Good Host and Good Guest guides. • Review our Digital document criteria prior to submitting your application.
Sample Short Term Rental Business Plan Copy
Sample Short Term Rental Business Plan: Short-Term/Vacation Rentals Investments Made Easy Gaston Gilbert,2021-01-10 Have you been toying with the idea of investing in vacation or short …
Good Host Guide - The City of Calgary
Below is information about short-term rental regulations identified in the Business Licence Bylaw 32M98 and applicable processes for hosts to follow. The City of Calgary requires short-term …
