Deal Metrics:  Purchase Price : $1,000,000 Down Payment: $250,000 Closing Date: May 8, 2023 Listing Live: July 2023  Initial Projected Revenue: $165,000/year Setup/Design Budget: $75,000 All-in Cash: $325,000 Occupancy: 65% Actual Revenue: $170,000/year   Sold By: Tyler Coon Designed By:     *numbers are approximate and not exact*      

Are you considering investing in short-term rentals (STRs) in Southern California? Look no further as we explore why this is an excellent idea and how you can cash in on this lucrative investment opportunity. Firstly, Southern California has a booming tourist industry. According to Statista, in 2019, the number of visitors to the state hit a record high of 251.4 million, including over 35 million overnight stays. This trend is expected to continue post-COVID pandemic, as people are looking for new experiences and destinations to explore. With such a high demand for accommodation, STRs have become increasingly popular as an option for tourists. These rentals offer many advantages over traditional hotels, including larger living spaces, more personalized amenities, and a homier feel. Besides, they are cost-effective, and guests can save on food expenses by cooking meals at home. Southern California offers a wide variety of attractions and activities for visitors to enjoy all year round. From the beaches in San Diego to the theme parks in Anaheim, the options are endless. You could invest in a rental property in one of the most popular areas such as the Los Angeles Area, Palm Springs, and San Diego, and enjoy high occupancy rates throughout the year. Another benefit is that you can diversify in different types of markets all within one state.  Another significant advantage of investing in STRs in Southern California is the opportunity to generate significant income. With a properly managed rental property, you could earn a substantial return on your investment and also receive tax advantages by owning a short-term rental.    Lastly, Southern California is a dynamic and ever-growing region, providing ample opportunity, especially with bigger homes. Even during the COVID-19 pandemic, the rental industry in the area remained relatively resilient as people shifted away from hotel stays to short-term rentals for safety reasons. In conclusion, investing in STRs in Southern California has many benefits. With overall market appreciation trending up, the high demand for tourist accommodation, the income potential, and the stable market all-year round, you have the opportunity to enjoy a steady income stream while growing your investment portfolio. So why not take advantage of this lucrative opportunity and start reaping the benefits today?

Asheville, North Carolina, has been a favorite destination for tourists and travelers alike. With its scenic beauty, cultural diversity, and vibrant nightlife, the city has become a hotspot for short-term vacation rentals. Investing in short-term rentals, such as Airbnb and VRBO, can be a lucrative option for those looking to earn extra income. However, there are several regulations that investors must be aware of before investing in short-term rentals in Asheville.Short-term vacation rental regulations in Asheville are designed to ensure that tourists have a safe and enjoyable stay while preserving the character and integrity of the city's residential neighborhoods. These regulations are applicable within the city limits and vary depending on the type of property and its location.For instance, properties located in commercial zones don't require permits for short-term rentals. However, properties located in residential zones are subject to strict regulations that limit the number of guests and the length of stay. These regulations include a cap on the number of guests allowed per rental unit and a limit on the number of rental units allowed in any one building.Investors in Asheville must also register their short-term vacation rentals with the city. This registration process includes providing the city with important information about the rental unit, such as its address, the number of bedrooms, and the maximum occupancy. Investors must also obtain a permit from the city and pay applicable taxes.It's worth noting that Asheville's short-term vacation rental regulations are often subject to change. Investors must stay up to date with any changes or amendments to these regulations to avoid any fines or penalties for non-compliance.Despite these regulations, investing in short-term vacation rentals in Asheville can be a profitable venture. The city's rich cultural heritage, stunning natural beauty, and vibrant arts scene continue to draw tourists from around the world. With proper management and compliance with regulations, investors can make a substantial return on their investment.In conclusion, short-term vacation rental regulations in Asheville can be complex and challenging for investors to navigate. However, by following these regulations, investors can ensure a safe and enjoyable experience for tourists while also protecting the integrity of the city's residential neighborhoods. With the right approach, investing in short-term vacation rentals in Asheville can be a lucrative and rewarding venture.