{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5afc793a028014b853c89db4/63d725587b1fc40011fe2ddd?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Pros and Cons of Buying Existing STR Properties","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5afc793a028014b853c89db4/1665766463515-6dec8550a7cd261d05ca750f0ae6e091.jpeg?height=200","description":"<p>So, you’re looking to buy a short-term rental property but nervous about its potential to make money.</p><p>&nbsp;</p><p>What if you could buy a STR that’s already doing well on Airbnb?</p><p>&nbsp;</p><p>Alex Breen is Founder of <a href=\"https://bnbbuyer.com/\" rel=\"noopener noreferrer\" target=\"_blank\">BnB Buyer</a>, a biweekly newsletter and website where you can find existing short-term rental properties that are on the market.</p><p>&nbsp;</p><p>On this episode of Get Paid for Your Pad, Alex joins me to explain how he identifies properties that have a STR history for BnB Buyer and which markets have good deals on existing short-term rentals right now.</p><p>&nbsp;</p><p>Alex walks us through the advantages of buying an existing STR versus a home without a history on Airbnb and discusses the downside of limiting your search to existing short-term rentals.</p><p>&nbsp;</p><p>Listen in for Alex’s insight around trends in the STR market in the last 12 months and learn how BnB Buyer can help you de-risk the process of buying short-term rental properties for your portfolio!</p><p>&nbsp;</p><h2>Topics Covered</h2><p><br></p><ul><li>How Alex’s own search for STR properties inspired the creation of BnB Buyer</li><li>How Alex identifies properties that are good candidates for Airbnb or likely to have a STR history</li><li>The advantages of buying existing STRs vs. homes without a history on Airbnb</li><li>Why selling an existing STR as a business adds value to the property</li><li>Why Alex hasn’t seen a significant price difference between existing STRs and comparable properties in the same area</li><li>How most properties on BnB Buyer bring in 15% to 20% gross revenue to purchase price</li><li>The disadvantages of limiting your property search to existing short-term rentals</li><li>Alex’s insight around trends in the STR market in the last 12 months</li><li>Why real estate prices have come down a little (but not enough to offset interest rates yet)</li><li>What markets Alex suggests for finding good deals on existing STR properties</li></ul><h2><br></h2><h2>Connect with Alex</h2><p><strong>&nbsp;</strong></p><p><a href=\"https://bnbbuyer.com/\" rel=\"noopener noreferrer\" target=\"_blank\">BnB Buyer</a></p><p><strong>&nbsp;</strong></p><h2>Resources&nbsp;</h2><p><strong>&nbsp;</strong></p><p><a href=\"https://www.airdna.co/\" rel=\"noopener noreferrer\" target=\"_blank\">AirDNA</a></p><p><a href=\"https://rabbu.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Rabbu</a></p><p><a href=\"https://www.mashvisor.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Mashvisor</a></p><p><a href=\"https://www.overnightsuccess.io/\" rel=\"noopener noreferrer\" target=\"_blank\">Overnight Success</a></p><p><a href=\"https://www.strprofitacademy.com/\" rel=\"noopener noreferrer\" target=\"_blank\">STR Profit Academy</a></p><p><a href=\"https://www.youtube.com/c/GetPaidForYourPad\" rel=\"noopener noreferrer\" target=\"_blank\">GPFYP on YouTube</a></p><p><a href=\"https://www.instagram.com/getpaidforyourpad/?hl=en\" rel=\"noopener noreferrer\" target=\"_blank\">GPFYP on Instagram</a></p><p><a href=\"https://www.strlegends.com/\" rel=\"noopener noreferrer\" target=\"_blank\">STR Legends Mastermind</a></p><p><a href=\"https://getpaidforyourpad.com/getstarted\" rel=\"noopener noreferrer\" target=\"_blank\">FREE Airbnb Starter Guide</a></p><p><a href=\"https://podcasts.apple.com/us/podcast/get-paid-for-your-pad-airbnb-hosting-vacation-rentals/id901194206\" rel=\"noopener noreferrer\" target=\"_blank\">Review GPFYP on Apple Podcasts</a> &nbsp;</p><p>Email <a href=\"mailto:team@overnightsuccess.io\" rel=\"noopener noreferrer\" target=\"_blank\">team@overnightsuccess.io</a></p><p>&nbsp;</p><h2>Sponsor</h2><p><strong>&nbsp;</strong></p><p><a href=\"https://www.overnightsuccess.io/x\" rel=\"noopener noreferrer\" target=\"_blank\">Legends X Short-Term Rental Accelerator</a></p>","author_name":"Freewyld Foundry"}