Inman Connect
Property investors rode a wild wave during the pandemic, with the short-term rental market stopping, then restarting, and property prices in many second-home markets soaring. What does the future hold for new second-homeowners and for managers of more robust property portfolios? We’ll explore that and more, all May long, at Inman.
With the advent of short-term rental platforms like Airbnb in the late aughts, suddenly the average person with an unrelated day job could potentially live out their dream of running a bed and breakfast.
A burgeoning online short-term rental community and a variety of platforms to support their businesses helped many individuals grow side gigs into full-time businesses as short-term stays started to pop up on travelers’ radar. Now, it’s not uncommon for individuals to earn most of their income from these properties.
Swiss Hotel School Launches Online Education and Training for the Short-Term Rental Sector ftnnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ftnnews.com Daily Mail and Mail on Sunday newspapers.
The short-term rental market has seen a surge in demand after the initial shock of the pandemic as travelers have sought out more private, controlled accommodations that are closer to a home-like environment.
Amid increased demand, how can short-term rental owners make sure their properties stand apart from the rest? Here’s what the experts have to say.
1. A well-equipped, picture-perfect kitchen
Roam in Color / Unsplash
“Guests probably aren’t going to cook, but we have beautiful gas ranges in there for them if they want to,” Rebecca Ramsay, a short-term rental manager in Charleston, South Carolina, told
It’s worth noting though, that in the era of COVID-19 and limited restaurant operations available in most places, guests may actually be doing more cooking these days than Ramsay thinks. Therefore, investing in a kitchen that does more than the absolute bare minimum will be money well spent.