Lifestyle
What Are the Best Short-term Rental Markets in 2021?
Buying a short term rental property is an excellent strategy for real estate investment. Short-term rentals are always in demand and, therefore, guarantee you a constant stream of passive income.
Buying a short term rental property is an excellent strategy for real estate investment. Short-term rentals are always in demand and, therefore, guarantee you a constant stream of passive income.
However, buying in the right location is crucial to the success of this approach, as there may be off seasons sometimes. Consequently, investors must know how to spot suitable areas to make profitable short-term rental investments.
How Can I Recognize the Best Short-term Rental Markets in 2021?
Finding the best short-term rental markets in 2021 requires you to have a solid understanding of how the industry works. That way, you may conveniently identify real estate marketplaces with excellent potential. Here are three key considerations that may help to determine the profitability of a real estate market.
- Location
The site of a vacation property always plays a significant role in its success. Therefore, location, location, and location remain the first three golden rules to observe in all real estate investments. Every other element is contingent on the area where it’s situated.
Picking a location (state) that fosters a buoyant rental market is the first decision before you even consider assessing a subject property. This step requires you to consider the tourist attractiveness, crime rates, living affordability, accessibility, and every other criterion that may influence demand levels.
Spending $500,000 on a vacation rental property wouldn’t matter if it’s in a poor location. It’s imperative to select a neighborhood that people would love to holiday and also call home.
- Economy
Economy, in this context, refers to the economic evaluation of other similarly structured properties in your preferred neighborhood. Metrics to consider are the sale frequency of existing rentals, the average price of existing properties, the local market, and the area’s occupancy rate.
Considering these indicators helps to determine the worthiness of a neighborhood before investing. Positive patterns in each indicate that an area qualifies for short-term rentals. However, it’s noteworthy that a market may flourish with only a few of these factors.
- Vacancies and Listings
Proper due diligence provides you with the vacancy ratio in relation to the listing count in a neighborhood. For instance, an abnormally high number of listings hints at two possible scenarios: it’s either the neighborhood is having a downward trend in demand, or it’s currently in its on-season. The best thing is to correctly interpret the meaning of the current listing ratio in a neighborhood before investing.
In addition, vacancy rates are a reliable tipoff metric too. They help to predict the demand type to expect in time. Low vacancy rates may indicate that demand is intact and active — a positive symptom. However, high vacancy rates may mean that the neighborhood isn’t thriving as expected.
Shortlisting the Ten Best Short-term Rental Markets in 2021
Knowing the considerations for identifying the best short-term rental markets in 2021, we’ll highlight the top ten markets to buy a short-term rental property in this section. All statistics are culled from AirDNA — a reputable source of precise and comprehensive vacation rental data and analytics.
Here are ten locations that have thrived in short-term rentals for a while and now play host to over 1,000 agile vacation rental properties.
1. Palm Springs, California (89.7 Investor Score)
Annual revenue potential: $64,571
Investability rating: 100
Revenue growth rating: 99
Rental demand rating: 60
2. La Quinta, California (84.1 Investor Score)
Annual revenue potential: $77,936
Investability rating: 93
Revenue growth rating: 99
Rental demand rating: 52
3. Sevierville, Tennessee (83.9 Investor Score)
Annual revenue potential: $61,961
Investability rating: 100
Rental demand rating: 71
Revenue growth rating: 65
4. South Lake Tahoe, California (81.9 Investor Score)
Annual revenue potential: $62,187
Investability rating: 95
Rental demand rating: 47
Revenue growth rating: 91
5. Gatlinburg, Tennessee (81.6 Investor Score)
Annual revenue potential: $55,439
Investability rating: 100
Rental demand rating: 70
Revenue growth rating: 56
6. Pigeon Forge, Tennessee (77.1 Investor Score)
Annual revenue potential: $51,857
Investability rating: 99
Rental demand rating: 42
Revenue growth rating: 70
7. Saint Augustine, Florida (73.4 Investor Score)
Annual revenue potential: $47,371
Investability rating: 82
Rental demand rating: 62
Revenue growth rating: 68
8. Gulf Shores, Alabama (73.2 Investor Score)
Annual revenue potential: $99,095
Investability rating: 100
Rental demand rating: 19
Revenue growth rating: 74
9. Bradenton Beach, Florida (72.9 Investor Score)
Annual revenue potential: $60,051
Investability rating: 100
Rental demand rating: 43
Revenue growth rating: 48
10. Panama City Beach, Florida (72.2 Investor Score)
Annual revenue potential: $59,986
Investability rating: 100
Rental demand rating: 36
Revenue growth rating: 55
What Short-term Rental Trends Should Investors Expect in 2021?
Trends are helpful metrics that may assist short-term rental investors in their investments this year. Experts predict three key trends that you and other similarly minded investors should note:
Telecommuting Will Affect Short-term Rental Demand Levels
In recent research, 83% of respondents stated that they preferred to relocate to work remotely. A quarter of these participants added that this arrangement would allow them “to live where they desire and work from home”. In addition, guest reviews with mentions of ” relocate”, ” trying a new neighborhood”, and ” remote work” grew by 128% from July to Sept 2020.
What do these stats indicate? They mean that fewer travellers will visit the same places at the same time. Consequently, this change will reduce the huge numbers that give mass travel credence.
People Will Prefer to Travel Close
Experts expect that more and more people will continue domestic travel due to the uncertainty surrounding international travel. The survey above recorded that 62% of participants preferred vacationing close to their homes. As such, local tourism may be how economies will recover.
The implication for short-term rentals is that investors may consider investing in properties in their neighborhoods. However, research is crucial before such a move.
People Will Travel More in Groups
The fear of contracting COVID-19 will lead to pod travel popularity. In other words, families and friends will likely travel together to minimize external socialization and, by extension, the risk of the virus. An Airbnb survey revealed that over 50% of searched trips for 2021 included three or more persons.
Consequently, vacation rental investors should consider large properties that can conveniently house three or more travellers.
ConclusionVarious factors determine the best short-term rental markets in 2021, and each market that we shortlisted above meets most of the criteria we mentioned. Trends are also valuable tools to use. However, it’s imperative to note that trend predictions aren’t infallible. You may use the short-term rental investment property calculator at www.theshorttermshop.com to gain more helpful insight.
Wishes
Hanuman Jayanti 2024: 50+ Best WhatsApp Status Videos To Download For Free
Hanuman Jayanti, celebrated on April 23, 2024, is a significant Hindu festival honoring Lord Hanuman, the devoted disciple of Lord Rama. It marks the birth anniversary of Hanuman, who is revered for his unwavering devotion, strength, and selflessness.
Devotees observe this day with fasting, prayers, and hymn recitals, seeking Hanuman’s blessings for courage, strength, and protection from evil forces. Temples are adorned with flowers, and special ceremonies are held, including the recitation of Hanuman Chalisa, a hymn praising Hanuman’s virtues.
The festival symbolizes the triumph of good over evil and serves as a reminder of the power of faith and devotion. It fosters a sense of unity and spiritual connection among devotees who come together to celebrate the glory of Hanuman.
Get ready for Hanuman Jayanti 2024 with over 50 free WhatsApp status videos. Download now for the best celebration vibes!
Best Hanuman Jayanti 2024 WhatsApp Status Video Download
May the blessings of Lord Hanuman fill your life with strength, courage, and devotion. Happy Hanuman Jayanti!
Let’s celebrate the embodiment of devotion and loyalty on this auspicious day of Hanuman Jayanti.
May Lord Hanuman bless you with unwavering faith and determination in all your endeavors. Happy Hanuman Jayanti!
Wishing you a joyous Hanuman Jayanti filled with prosperity and success.
On this Hanuman Jayanti, may Lord Hanuman bestow his divine blessings upon you and your family.
Let’s invoke the blessings of Lord Hanuman to overcome obstacles and achieve victory in every aspect of life.
May the divine presence of Lord Hanuman always guide and protect you. Happy Hanuman Jayanti!
Let’s bow to the mighty Hanuman and seek his blessings for a life filled with courage, wisdom, and righteousness.
May the devotion and strength of Lord Hanuman inspire you to conquer every challenge that comes your way. Happy Hanuman Jayanti!
On this auspicious occasion of Hanuman Jayanti, may your heart be filled with devotion and your life be filled with happiness.
Wishing you a blessed Hanuman Jayanti filled with peace, prosperity, and divine blessings.
Let’s remember the teachings of Lord Hanuman and strive to live a life of righteousness and selflessness.
May the divine blessings of Lord Hanuman be with you today and always. Happy Hanuman Jayanti!
Let’s celebrate the birth of the epitome of devotion and strength, Lord Hanuman, on this auspicious day.
May the grace of Lord Hanuman be upon you, guiding you towards the path of righteousness and success. Happy Hanuman Jayanti!
Let’s offer our prayers to Lord Hanuman and seek his blessings for a life filled with courage, compassion, and wisdom.
Also Check: 10 Ram Navami Rangoli Designs To Celebrate Festival
May the Hanuman Chalisa resonate in your heart, filling it with devotion and strength. Happy Hanuman Jayanti!
On this sacred day of Hanuman Jayanti, may you be blessed with inner peace and spiritual enlightenment.
Let’s emulate the humility and dedication of Lord Hanuman in our lives and strive to serve others selflessly.
May the divine presence of Lord Hanuman bring joy, prosperity, and harmony into your life. Happy Hanuman Jayanti!
Wishing you and your loved ones a Hanuman Jayanti filled with love, happiness, and prosperity.
Let’s celebrate the divine energy of Lord Hanuman and seek his blessings for a fulfilling and meaningful life.
May the blessings of Hanuman Jayanti fill your home with love, laughter, and prosperity.
Let’s remember the courage and devotion of Lord Hanuman and draw inspiration from his noble qualities.
May the auspicious occasion of Hanuman Jayanti bring peace, happiness, and prosperity into your life.
Let’s bow to the mighty Hanuman and seek his blessings for strength, courage, and wisdom.
May the divine grace of Lord Hanuman empower you to overcome obstacles and achieve success in all your endeavors. Happy Hanuman Jayanti!
Let’s rejoice in the glory of Lord Hanuman and seek his blessings for a blessed and fulfilling life.
May the auspicious occasion of Hanuman Jayanti inspire you to walk on the path of righteousness and truth.
Wishing you a blessed Hanuman Jayanti filled with devotion, joy, and prosperity.
Let’s offer our prayers to Lord Hanuman and seek his blessings for peace, harmony, and well-being.
May the divine blessings of Lord Hanuman protect you from harm and lead you towards the path of righteousness. Happy Hanuman Jayanti!
Let’s celebrate the divine presence of Lord Hanuman and seek his blessings for a life filled with love, compassion, and wisdom.
May the auspicious occasion of Hanuman Jayanti fill your heart with devotion and your life with happiness.
Let’s remember the teachings of Lord Hanuman and strive to emulate his noble qualities in our lives.
May the blessings of Lord Hanuman be with you today and always, guiding you towards success and happiness. Happy Hanuman Jayanti!
Let’s celebrate the birth of the divine warrior, Lord Hanuman, and seek his blessings for strength, courage, and perseverance.
May the divine grace of Lord Hanuman be upon you, protecting you from evil and guiding you towards righteousness. Happy Hanuman Jayanti!
Wishes
Rory McIlroy Net Worth 2024: How Much is the Northern Irish Professional Golfer Worth?
Who is Rory McIlroy?
Rory Daniel McIlroy, born on May 4, 1989, in Holywood, County Down, Northern Ireland, is a renowned professional golfer. From his early years gripping a golf club to becoming one of the world’s top-class golfers, McIlroy’s journey has been nothing short of extraordinary.
Rory McIlroy Career
McIlroy’s golfing prowess emerged early, marked by significant victories from a young age. His career highlights include numerous wins in PGA Tour events and major championships, earning him recognition as one of the sport’s elite players. He has spent a total of 95 weeks as the number one player in the World Golf Rankings.
Rory McIlroy’s Net Worth
As of 2024, according to Celebrity Net Worth, Rory McIlroy’s net worth stands at an impressive $170 million. With a career spanning over two decades, McIlroy’s success in golf, coupled with lucrative endorsement deals and investments, has propelled him to become one of the wealthiest athletes globally.
Rory McIlroy Age
Rory McIlroy is currently 34 years old, born on May 4, 1989. Despite his relatively young age, McIlroy has achieved remarkable milestones in his golfing career, including winning four major championships.
Rory McIlroy Family: Wife and Children
McIlroy is married to Erica Stoll, an American whom he wed in April 2017. The couple welcomed their first child, a daughter named Poppy Kennedy McIlroy, in August 2020. Their love story began when they met at a golf tournament in 2012, and since then, they have built a strong and private family life together.
Rory McIlroy Height and Weight
Standing at about 5 feet 9 inches (175 centimeters) tall and weighing around 160 lbs (73 kg), Rory McIlroy possesses the physical attributes that contribute to his success on the golf course. His strength, athleticism, and dedication to fitness play crucial roles in his performance.
Also Read: Natalie Viscuso Net Worth 2024: How Much is the Internet Personality Worth?
Lifestyle
9 Prabhas Hairstyle Photos from Salaar, Saaho, Bahubali
Explore 7 captivating Prabhas hairstyle photos from his iconic roles in Saaho and Bahubali, showcasing his transformation and charisma.
Today, we’re counting down the stylish looks of Tollywood’s successful actor, Prabhas. Renowned for his global success as Baahubali, Prabhas transforms his appearance seamlessly for each role. Join us as we explore some of his best hairstyle looks—keep scrolling to discover more.
9 Best Prabhas Hairstyle Looks
1. Salaar
Several media reports state that the Salaar makers spend around Rs 4 lakh on Prabhas’ hairstyle.
2. Saaho
This 2019-released movie had Prabhas in an action-packed role. Apart from his over-the-top aura in the film, any other thing that caught audience attention was his hairstyle.
3. Crew Cut
In his early Tollywood years, Prabhas donned a crew cut, a cool and easy style, ideal for boys, especially during summer. The effortless, out-of-bed look is now a popular choice, offering a confident, low-maintenance appearance.
4. Messy hair
Prabhas’ masculine aura elevates any haircut, even pulling off the messy hair trend. While usually considered untidy, Prabhas turns it into a bold style statement, redefining the norm.
5. Coloured hair
Prabhas, known for his natural black hair, occasionally adds subtle hints of color. His stylist, breaking from tradition, introduces playful variations to elevate his hair game.
6. Side part
Prabhas’ signature look, the classic side part, exudes dapper charm. Common among Indian men, this style, held in place with minimal product, offers a clean, sophisticated, and effortlessly maintained appearance throughout the day.
7. Taper Fade Cut
Perfect for summer, the faded hairstyle trend is gaining popularity. It instantly elevates your haircut, providing a clean, military-inspired look on the sides for a sharp appearance.
8. The Curls
The Baahubali look, with big curls and long hair, became a global phenomenon overnight. Achieving this attention-grabbing style demands effort, as it requires considerable product maintenance. Perfect for those seeking a bold and attention-grabbing presence.
9. The Puff
Prabhas often opts for short hair, appreciating their easy maintenance. Occasionally, he adds a personal touch by incorporating a puff into the side part of his short hairstyle, showcasing versatility in his hair game.
- Photos15 hours ago
65+ Georgina Rodriguez Hot, Sexy, Naked Pics: Top Bikini Photos of Cristiano Ronaldo’s Girlfriend
- Photos1 week ago
40+ Sassy Poonam Hot and Sexy Photos: Top Bikini Pics
- Entertainment1 week ago
9 Kamalika Chanda Web Series List (18+ Only)
- Photos7 days ago
Shraddha Arya Hot and Sexy Pics: 20 Times Kundali Bhagya Actress Flaunted Her Sexy Curves in Raunchy Swimsuits
- Viral1 week ago
Shanin Blake’s OnlyFans Leak Leads To Concern Over Social Media Privacy
- Entertainment5 days ago
8 Sapna Sharma Hot Web Series for 2024 (18+ Only)
- Web Series13 hours ago
15 Hot Sharanya Jit Kaur web series to binge-watch online
- Entertainment1 week ago
(18+ Only) Zoya Rathore Web Series List for 2024