Is the Short-Term Rental “Gold Rush” Over? - Video

Short-term rentals have had a serious run over the past two years. As soon as interest rates dropped, everyone decided that buying a vacation rental or second home was the best move to make. This led to a surge in short-term rental investments across the US, as hosts began to almost outnumber guests. Now, vacation rentals are seeing a dramatic slowdown while a recession starts to shape, as Americans are less concerned about taking vacations and more about keeping their jobs.

So where is the vacation rental market headed? Were short-term rentals just a short-lived fad that could fade out faster than it took to be born? Or, is this a mere blip on the radar of vacation rentals, as guests still prefer hosts over hotels? We brought on Avery Carl, Jenny Yi, and Tony J. Robinson, three experienced short-term rental investors, to walk us through exactly what is happening in the market, what moves they’re making, and advice for getting through a recession.

We also talk about short-term rental regulations, which, surprisingly, many of the expert investors are in favor of. They speak on the saturation of “blue chip” vacation markets, and how some sleepier towns offer much better prospects for profit than the vacation markets most Americans know and love. If you own a vacation rental, plan on buying one, or just like staying at them, this episode gives you in-the-field opinions that most hosts won’t admit.

00:00 Intro
01:26 The Short-Term Rental Experts
03:43 Is the Short-Term Rental "Gold Rush" Over?
16:16 Identifying Upcoming Markets
18:54 Short-Term Rental Regulations
31:10 Could a Recession Ruin Short-Term Rentals?
37:55 How to Survive a Downturn
45:39 Price Drops Ahead?
52:05 Connect With the Guests!

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Tony’s Video on Short-Term Rental Recession Data:
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Episode 56

Show notes at: https://www.biggerpockets.com/blog/on-the-market-56?utm_source=youtube&utm_medium=description&utm_campaign=none

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