Plenty of markets have emerged as large players since the start of the Covid-19 pandemic. With the ability to work remotely, more people are expanding outside of major cities and looking for short-term rentals (STRs) in lower-traffic areas.
So what are the top locations to invest in for rental property owners?
Tia Castle is a real estate coach, crypto agent, and the Founder of CastleLux Rentals, a boutique vacation rental management company that focuses on family-oriented properties.
On this episode of Get Paid for Your Pad, Tia returns to the show to join me in discussing the top markets where STR owners can get the best return on investment.
Listen in as Tia and I discuss why unique outdoor markets are thriving, how to add value to properties if the location is lacking, and which markets we believe may continue to be on the rise in the coming years.
Tia’s experience briefly hosting and producing a lifestyle real estate TV show
Tia’s insights on articles from AirDNA, Realtor.com, Mashvisor, and Lodgify on the top places to invest in vacation rentals for cash-on-cash returns
Why unique locations, like Hawaii and Alaska, are in high demand for STRs
Why Joshua Tree has emerged as a top market to invest in throughout recent years
The importance of having “instagrammable” aspects of your STR locations
The difference between a capitalization rate and a cash-on-cash return
Tips for adding value to the properties that can raise their prices per night