Boost bookings with themed rooms 🦖

Is it Friday yet? You know what they say, “time flies when you’re reading the Keys newsletter.” Ok, let’s go…

• The hottest Airbnb themes for standout rentals

• Expert tips: Should you buy your dream home in 2024?

• New property tax burden data by state - who pays most?

• 🔥 Deal of the Day! 🔥: 3 bd | 2 ba | Surf City, NC

Stand Out with On-Theme Rentals

STR investors are starting to understand the power of themes to make properties stand out. As this sector explodes in popularity, themes give properties an edge. The data speaks for itself:

• Beach, tropical, pirate and Disney themes ranked among the most popular Airbnb themes in 2022 based on guest reviews and booking data. Sports themes also saw high demand, especially rentals located near major stadiums, arenas and event venues.

• Nostalgic rentals evoking Old Hollywood glamor or the golden era of 80s/90s video games also proved successful, especially with friend groups and event travelers.

• Unique, bold themes consistently drove social shares, repeat visits and booked nights even at premium rental rates. One "Wizard Academy"-themed property saw over 17% higher annual bookings than comparable non-themed rentals in its market.

Is your rental near Disney World or other theme parks? Embrace the fantasy. Beachfront? Go coastal or tropical. An urban property may suit a modern or cultural theme instead. Many successful hosts change themes seasonally to attract repeat guests.

However, it's critical to avoid direct trademarks and intellectual property. A general "Enchanted Cottage" themed rental beats naming it "Disney Princess Palace." The goal is to evoke the spirit without infringement.

The bottom line is theming makes vacation rentals more memorable and "instagrammable" - allowing hosts to command higher rates. Just ensure the specialized experience aligns tightly with target guest demographics in the area. With the right theme aligned to location, your rental property stands out while delivering unforgettable adventures for guests.

Red Light on Dream Homes

Real estate markets may seem hot, but former reality star and top agent Sam DeBianchi warns 2024 is not the year to buy your ultimate "dream home."

With mortgage rates sticking near 6.8%, patience pays off. Consider alternatives:

• Buy your second home instead - a rental property or Airbnb in up-and-coming markets like Buffalo, Cincinnati or Orlando. Strong tourism spots often make excellent rentals too.

• Get creative with seller financing if you can't show enough cash. More owners are open to creative terms to close sales.

• Understand seller motivations before negotiating. Are they relocating? Wanting to upsize? Use their goals to find deals.

While 2024's projected hot markets do indicate future growth, the smarter play is having a long-term strategy versus an emotional dream home purchase today.

DeBianchi sees opportunity for relocators and investors in these areas. Just don't stretch your budget on a forever home yet. Be strategic across 2-3 years for maximum returns.

The bottom line - 2024 requires patience and creativity from buyers wanting to build generational wealth through real estate. There's no need to rush big purchases today. Take time to set yourself up for long-term gains.

Midwest and Northeast Take Tax Hits

Property taxes remain a significant cost for homeowners nationwide. But just how hard do these recurring bills hit across U.S. states?

Recent census data analysis by WalletHub sheds some light. Their number-crunching ranked states by effective property tax rates - calculated by dividing median annual tax payments by median home prices.

Results indicate Midwest and Northeast states bear the highest rates averaging between 1.5-2.3% of home value annually. Topping the list are New Jersey, Illinois, Connecticut, New Hampshire and Vermont.

Western and Southern states overall fared better, with rates as low as 0.27% in Hawaii up to 1% in New Mexico. Nevada, Utah, Louisiana and South Carolina also made the bottom 10 list for lightest property tax burdens.

While rates don't indicate exact bills, the data gives property investors and homebuyers a barometer of where tax burdens fall state by state. This allows savvy buyers to factor in long term costs when evaluating markets.

Remember, while property taxes pay for local services, those recurring bills add up. It’s vital to calculate future expenses against potential rents and property appreciation when buying. While no one can predict markets perfectly, understanding tax burdens helps make informed investment decisions.

🔥 Deal of the Day! 🔥

Address: 1404 N Topsail Drive, Surf City, NC 28445

This coastal gem, nestled just a block from the beach, epitomizes seaside living with its 3-bedroom, 2-bathroom layout featuring contemporary ceramic hardwood-look tile flooring, a vaulted great room, and a master bedroom retreat with a private outdoor area, making it an idyllic vacation rental that combines modern amenities with the charm of coastal life.

Airdna data:

Estimated monthly payment: $4,237/month (if financed)

Estimated monthly revenue: $4,966/month

Cashflow excludes additional operating expenses. Always confirm local regulations, HOAs and permits before purchasing a property.

As always, we've got the keys to unlock real estate freedom! Reply for personalized tips and data for your next big move.