Real Estate is a tremendous vehicle to not only pay for daily expenses via cash flow but also build equity and have someone else pay debts down for you. Not to mention tax benefits and other reasons to invest in STRs. The data tells the story.
$125K
our avg revenue per asset
55%
Margins (Net Profit)
2M
more hosts needed
8+
markets around the country
STRs are in Demand.
The reliance on STRs via platforms like Airbnb, VRBO etc. are going up. Pandemic or not.
60%
of STR travelers are under 40, prefer flexible work/life, prioritize experiences in homes vs. hotels and consider themselves avid travelers.
$200+
The minimum nightly rate we target
Our markets include submarkets in AZ, CO, FL & more. Our average nightly rate fetches premiums because of our design, functionality, experience, reviews and automation.
The power of active revenue management + great properties (the topline property is a Techvestor property).
Adoption is Growing (Second Measure)
Market Share is Growing (Second Measure)
Bookings are ticking up (airDNA)
Better Operations = Better Returns (airDNA)
Demand is outpacing Supply
Growth Rate is Increasing (airDNA)
Revenue is increasing (stayFi)
ADRs are Increasing (airDNA)
Nightly rates are increasing (iGMS)
STR travelers are increasing (stayFi)
Rural,domestic destinations are winning (Home2go)
Domestic Travel is preferred (Home2go)
Demand is increasing post pandemic (Rental Scaleup)
Weekly RevPar is increasing (airDNA)
The problem is in Self Hosting. The STR space is full of non-institutional operators (aka moms and pops) who aren’t using technology, tracking expenses or optimizing for growth. Hence, that is the opportunity.