Short-Term Rentals…What Are They? (Part 1 of 3)
Maximizing Profit: Exploring the World of Short-Term Rentals
It's Raegan Thorp from Raegan Thorp Real Estate Group and I've got a treat for you this week! I'm joined by Caviness from Drake-Tripp Properties, or “Cavi” for short. She's got some fascinating insights into a niche industry that could seriously benefit some of my clients and my connections.
So, what's Cavi's specialty? Short-term rentals. She's the expert when it comes to managing rental properties with stays of 30 days or less. You know, the kind you book on platforms like Airbnb or VRBO. But she's also well-versed in midterm rentals, which span from a couple of months to a few, catering to folks like traveling nurses or those seeking a change of scenery for a work stint.
Caviness is focused on the short-term rental game, and let me tell you, she's crushing it.
You might be wondering, what's the deal with these short-term rentals anyway? Well, aside from being a lucrative venture, they offer a whole host of benefits over traditional hotel stays. Picture this: fully-stocked kitchens, more space, and often a better deal overall. It's a win-win for both guests and property owners.
In fact, Caviness has testified that short-term leases can rake in way more cash than your standard 12-month agreement. With people jetting in and out for conferences or weekend getaways, the demand is high, and so are the rates.
So, why am I singing Caviness's praises? Because I've got clients with investment properties itching to maximize their profits. And let me tell you, connecting them with Caviness is a no-brainer. She's got the know-how to help them squeeze every last penny out of their investments.
Stay tuned over the next few weeks as we dive deeper into the world of short-term rentals with Caviness. Trust me, you won't want to miss it.
Want to know more… I can connect you with Caviness. Keep your eyes peeled for our upcoming video posts where we'll dive deep into the benefits of short-term rentals and how they can work wonders for both hosts and guests alike. 🌍💰
