Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

165. Do You Have the Right Number of Bedrooms?

165. Do You Have the Right Number of Bedrooms?

FromShort Term Rental Riches


165. Do You Have the Right Number of Bedrooms?

FromShort Term Rental Riches

ratings:
Length:
11 minutes
Released:
Jan 10, 2023
Format:
Podcast episode

Description

It's quite possible that your short term rental is not the right size. I don’t necessarily mean the square footage, but more specifically the number of bedrooms. For example, when it comes to size, I have found little difference in the performance of an STR based on overall size. For example, I have studios as small as 250 square feet and then one bedroom in the same city up to 800 square feet and the performance is essentially the same. One isn’t noticeably outperforming the other. When you look at the number of bedrooms however, and not the size that is when things change. If you take that same 800 square foot one bedroom and compare it with a two bedroom of the same size the performance could be drastically different! Even though the size has not changed. So how do we figure this out? Good news, we have several ways. Let's discuss this week if you are missing out on some opportunity by not having the right number of bedrooms and what you can do about it. We will discuss: What's the ideal number of bedrooms in your market?  Should you add another bedroom? Alternative ways to “add” a bedroom Finding the data that tells you yes or no Potential increased return    Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. Get a copy of my 12 proven house rules to protect your property from almost every negative situation (highly recommended)  You can find all of our links here including our website, recommended resources, upcoming live events, short-term rental playbook, Instagram, and more!
Released:
Jan 10, 2023
Format:
Podcast episode

Titles in the series (100)

Tim Hubbard, successful investor and CEO of a seven-figure short term rental management company shares it all. The insider tips you need to know to acquiring, operating and scaling a successful short term rental business.