AirDeed has launched a new interactive platform for short-term rental investors. Our simple to use marketplace is the development of AirDeed CEO and successful Realtor Cory Weikel. Seeing a gap in the market that left most sellers of Airbnb and VRBO properties in the dark with finding the right investor, Mr. Weikel started working behind the scenes to make a more efficient website. AirDeed will also post the top new listing and all listings on the AirDeed Facebook Page.
The STR website is built on a powerful real estate search platform that allows property owners to easily and at no cost input their property for sale on the marketplace. Buyers can search multiple ways, whether with the interactive map or advanced search feature. This allows them to easily locate Airbnbs for sale and make an offer fast. They then can contact the owner directly and bypass the usual Realtor fees which can be beneficial to both buyer and seller.
The new platform can be accessed at AirDeed.com with buyers and sellers both being able to create accounts. This way Sellers have easy access to their home dashboard and can see their properties for sale. As well, buyers can save searches and get email updates with new listings so they can jump on great opportunities fast.
The current status quo of putting an Airbnb or VRBO property on the MLS and websites like Zillow don’t broadcast the property to the right buys. These websites cater to homeowners, not investors and they don’t have the options to easily distinguish STR homes from normal owner-occupied properties. In addition, real estate agents aren’t accustomed to marketing these properties and therefore don’t understand that these are investment properties that rely on CAP rate, net income as well as normal land and building value.
What is a Short term Rental?
Short-term rental describes furnished homes, condos, or cabins that are rented for short periods, usually by the day or week as opposed to a conventional yearly lease in the unfurnished apartment. They are seen as an alternative to hotels which are just boring generic rooms.
This industry is seen as the most reasonable option for short stays. Platforms like Airbnb and VRBO hold the rental fee, deposits, and departure cleaning fees then transfer the amount to the property owner after the visit is complete. They also hold large insurance policies in case there is any damage to your property from the tenants during the stay.
STR properties place the responsibility of following zoning and local government requirements onto residents using the services. Some local cities require permits and others have tried to outright ban short-term rentals. Local judges have ruled in favor of both local governments and property owners when it comes to STR bans, so potential investors need to understand local regulations until the Supreme Court weighs in.