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Proposed state law – increased taxes for vacation rental owners in Steamboat Springs

Navigating Change: How Proposed State Law Might Impact Short-Term Rental Owners in Steamboat Springs

In the enchanting town of Steamboat Springs, short-term rental owners may soon face a potential shift in their tax obligations. A recently proposed state law is causing a stir in the local community, sparking conversations about the implications it may have on short-term rental operations. In this blog post, we’ll delve into the details of the proposed legislation and explore how it could add to the tax burden of short-term rental owners in Steamboat Springs.

Understanding the Proposed State Law:

The proposed state law aims to introduce changes in the tax structure for short-term rentals, impacting property owners and managers in Steamboat Springs. According to the Steamboat Pilot & Today article, the legislation could require short-term rental platforms to collect and remit state sales taxes on behalf of property owners.

It is not just property owners who could feel the effect of the proposed legislation. Taylor Hills founded the effortless rental group with his best friend in 2015 and said the bill would likely impact their operations and the local economies they serve.

The firm, which offers a turn-key management solution for property owners who rent their homes on a short-term basis, initially focused on the Denver market before expanding to the Western Slope. Today the company contracts with a property in Steamboat and more than 30 properties in Summit and Eagle counties.

“When you combine the taxes that are already in place in most resort towns or towns around the state of Colorado and then you add this additional property tax, it just doesn’t leave enough revenue for owners,” said Hills.

“Local municipalities are already taking a huge percentage,” Hills said. “So, you have the local municipalities that are squeezing the lemon, and then you have that state that is coming to squeeze the lemon as well, and it just doesn’t pencil out anymore for property owners.”

“The tax is going to be passed on to the guests no matter what,” he added.

Steamboat Pilot – Article

Potential Implications for Short-Term Rental Owners:

If the proposed law comes into effect, short-term rental owners in Steamboat Springs may find themselves navigating a more complex tax landscape. Currently, many property owners are responsible for managing their own taxes, including state sales taxes. The proposed changes could shift this responsibility to the short-term rental platforms, potentially affecting how owners handle their tax reporting and compliance.

Increased Administrative Burden:

One of the main concerns highlighted in the article is the potential increase in administrative burden for short-term rental owners. With the new law, owners may need to adapt to changes in the tax collection process, relying on the platforms to handle these transactions. This shift could have implications for the time and resources owners allocate to manage their rental properties effectively.

Strategies for Short-Term Rental Owners:

While the proposed state law may bring about changes, short-term rental owners in Steamboat Springs can take proactive steps to navigate this potential shift in the tax landscape:

  1. Stay Informed: Keep abreast of developments related to the proposed law, ensuring a clear understanding of how it may impact your specific situation.
  2. Engage with Platforms: If the law passes, engage with the short-term rental platforms you use to understand how they plan to implement the changes and whether they will offer support in managing the increased tax responsibilities.
  3. Consult with Professionals: Seek advice from tax professionals familiar with short-term rental regulations. They can provide guidance on adapting to any changes in tax obligations and help ensure compliance.

Change is on the horizon for short-term rental owners in Steamboat Springs, with a proposed state law potentially altering the way taxes are handled. While uncertainties loom, staying informed, engaging with platforms, and seeking professional advice can empower short-term rental owners to navigate this potential shift effectively. As the community awaits the outcome of the proposed legislation, proactive measures can help ensure a smoother transition if the law comes into effect.

The pinnacle of Colorado urban & mountain vacation rentals!

Interested in seeing Effortless Stay’s selection of vacation rentals? See all of our wonderful Colorado properties & book today!

BOOK NOW!

Are you interested in learning more about Effortless Rental Group and property management services?

Effortless Rental Group Logo

As Colorado’s most trusted vacation rental management company, we cut through the busy work to ensure our client’s properties achieve the highest rankings and maximum visibility. When you go with us, you’ll get more from your listing and the peace of mind that comes with being in good hands. From high-touch guest service to data-driven marketing, we’ll make gaining a return on your investment effortless.

Find out how we can help you get the most out of your short-term vacation rental property by getting a free property evaluation today!

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Effortless Stay partners with Experience Guide concierge, transport & tours in Colorado

Effortless Stay x Experience Guide: Elevating Your Vacation Experience!

We are thrilled to announce a remarkable collaboration that will transform your luxury vacation experience. Effortless Stay, your trusted vacation rental management company, is joining forces with Colorado’s #1 concierge service, Experience Guide, to offer you a vacation of unparalleled excellence!

🌄 About Effortless Stay: At Effortless Stay, we specialize in curating unforgettable luxury vacation rentals, ensuring your comfort, convenience, and pure relaxation. Our mission is to create a seamless and unforgettable retreat, and we’ve taken it up a notch!

🌟 About Experience Guide: Experience Guide is Colorado’s premier concierge service, dedicated to enhancing your vacation with top-notch transportation, curated tours, and unforgettable experiences. They are the local experts who know Colorado inside and out, ensuring you make the most of your stay.

✨ What Does This Partnership Mean for You? Together, Effortless Stay and Experience Guide will redefine the way you experience luxury vacations in Colorado! Here’s what you can look forward to:

🚗 Transportation Made Effortless: Experience Guide’s fleet of high-quality vehicles will be at your service, providing seamless airport transfers and private transportation during your stay.

🌄 Unforgettable Tours and Experiences: Unlock the beauty of Colorado’s natural wonders with expertly curated tours that cater to your interests, whether it’s hiking, skiing, or exploring the vibrant arts and culture scene.

🎉 Concierge Services: The Experience Guide team will be your 24/7 concierge, ready to assist with any request, from restaurant reservations to last-minute adventure planning.

🧳 Hassle-Free Vacation Rentals: Effortless Stay ensures your vacation rental is impeccably prepared, cleaned, and stocked with all the essentials. Leave the details to us while you focus on creating lasting memories.

💃 Exclusive Packages: Stay tuned for exclusive vacation packages that combine Effortless Stay’s luxury rentals with Experience Guide’s top-notch services, giving you incredible value and unforgettable experiences.

Stay tuned for exciting updates, promotions, and insider tips as we kick off this incredible partnership. We can’t wait to welcome you to Colorado and show you the best it has to offer!

Experience the extraordinary with Effortless Stay and Experience Guide. Your ultimate Colorado adventure starts now!

#EffortlessStay #ExperienceGuide #LuxuryVacation #ColoradoAdventures #PartnershipAnnouncement

The pinnacle of Colorado urban & mountain vacation rentals!

The outdoor recreation opportunities around Lake Dillon are astounding. Still, if you plan on making the most of your time, you’ll want a nearby place to stay along the same echelon as these fantastic activities. And that’s where Effortless Stay comes in. With top-tier vacation rentals across Summit County Colorado & beyond – you’re bound to find your base camp for an unparalleled mountain escape with Effortless Stay!

Interested in seeing Effortless Stay’s selection of vacation rentals? See all of our wonderful Colorado properties & book today!

BOOK NOW!

Are you interested in learning more about Effortless Rental Group and property management services?

Effortless Rental Group Logo

As Colorado’s most trusted vacation rental management company, we cut through the busy work to ensure our client’s properties achieve the highest rankings and maximum visibility. When you go with us, you’ll get more from your listing and the peace of mind that comes with being in good hands. From high-touch guest service to data-driven marketing, we’ll make gaining a return on your investment effortless.

Find out how we can help you get the most out of your short-term vacation rental property by getting a free property evaluation today!

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Effortless Stay partners with BabyQuip

Source – prnewswire.com article

Effortless Stay has taken a significant step forward in enhancing it’s vacation experience for families by partnering with BabyQuip. This collaboration provides Effortless Stay guests with a seamless and stress-free family travel experience and contributes to the advancement of the vacation rental industry as a whole.

Through this partnership, families can enjoy staying at an Effortless rental with all the comforts of home, as BabyQuip offers a wide range of high-quality baby and child gear that can be delivered directly to their rental property. From cribs to strollers and everything in between, this partnership ensures that families can travel with ease, knowing that their little ones will be well taken care of. Effortless Stay’s commitment to family-friendly accommodations, combined with BabyQuip’s exceptional service, is a game-changer in making vacations not just enjoyable but truly memorable for families. This collaboration sets a new standard for the vacation rental industry, offering a holistic solution for the evolving needs of modern travelers.

Read the entire article on prnewswire.com here!

Interested in learning more about Effortless Rental Group and our vacation rental management services?

Effortless Rental Group Logo

As Colorado’s most trusted vacation rental management company, we cut through the busy work to ensure our client’s properties achieve the highest rankings and maximum visibility. When you go with us, you’ll get more from your listing and the peace of mind that comes with being in good hands. From high-touch guest service to data-driven marketing, we’ll make gaining a return on your investment effortless.

Find out how we can help you get the most out of your short-term vacation rental property by getting a free property evaluation today!

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Effortless Rental Group: Managing Luxury Vacation Rentals in Boulder, Colorado

In the picturesque city of Boulder, where the stunning Rocky Mountains meet a vibrant cultural scene, property management plays a crucial role in ensuring residents and visitors alike experience the best the city has to offer. Among the various property management companies in Boulder, Effortless Rental Group stands out as a leader in delivering unparalleled service and elevating the rental experience. In this blog post, we will explore how Effortless Rental Group is managing properties in Boulder more effectively than its competition.

Superior vacation rental management in Boulder, CO

Complete Turnkey Management Services: Effortless Rental Group handles every aspect of property management, providing a hassle-free experience for homeowners and guests alike. From marketing and booking to maintenance and concierge services, their comprehensive management package ensures a seamless rental experience from start to finish. Ensuring that our customers become repeat guests

Impeccable Cleaning and Maintenance: Effortless Rental Group understands the importance of cleanliness and maintaining the highest standards for their luxury rental properties. Their dedicated team of cleaning professionals ensures each property is immaculate before guest arrivals and promptly attends to any maintenance issues that may arise during their stay.

Efficient Trash Removal: Effortless Rental Group takes the hassle out of trash management, ensuring that all waste is promptly and efficiently removed from the rental properties. Guests can enjoy a clutter-free and clean environment without worrying about trash disposal.

Cutting-Edge Technology: Effortless Rental Group leverages cutting-edge technology to streamline property management processes. Their use of advanced software allows for efficient communication, seamless booking processes, and real-time property monitoring. This technological advantage ensures that property owners and tenants experience a hassle-free and transparent rental process.

Tailored Marketing Strategies: Effortless Rental Group understands the unique charm of each property in Boulder. Unlike some competitors, who employ generic marketing strategies, Effortless Rental Group takes a personalized approach. Through targeted marketing campaigns, they highlight the distinct features of each property, attracting the right tenants who appreciate the uniqueness of Boulder living.

Strategic Pricing Models: Effortless Rental Group is known for its strategic pricing models that strike a balance between maximizing property owner returns and providing competitive rates for tenants. Their data-driven approach considers market trends, seasonal variations, and property-specific factors to optimize rental pricing. This ensures that properties are priced competitively, attracting tenants while maximizing returns for property owners.

Proactive Property Maintenance: Effortless Rental Group takes a proactive approach to property maintenance, setting them apart from competitors. Regular inspections, prompt repairs, and a network of trusted maintenance professionals contribute to maintaining properties in top-notch condition. This commitment to proactive maintenance not only enhances the tenant experience but also preserves the long-term value of the properties they manage.

Exceptional Customer Service: Effortless Rental Group prides itself on delivering exceptional customer service to both property owners and tenants. Their dedicated team is readily available to address inquiries, resolve issues, and ensure a positive rental experience. This commitment to customer satisfaction fosters long-term relationships, contributing to a strong reputation in the Boulder property management scene.

Dynamic Pricing Strategies: Effortless Rental Group leverages cutting-edge technology to implement dynamic pricing strategies, optimizing rental rates based on market demand, seasonal trends, and local events. This approach ensures homeowners maximize their rental income while offering competitive prices to potential guests.

Professional Photography: First impressions matter, and Effortless Rental Group recognizes the importance of high-quality visuals to attract potential guests. Their professional photographers capture each property’s essence, showcasing its unique features, stunning views, and luxurious amenities, enticing guests to book their stay.

Luxury Bath Products for Guests: Effortless Rental Group goes the extra mile to ensure guests feel pampered and indulged during their stay. They provide high-quality luxury bath products, including soaps, shampoos, and lotions, allowing guests to unwind and rejuvenate in style.

Interior Design Expertise: Effortless Rental Group understands that luxury rentals should offer an unforgettable experience, and interior design plays a crucial role in achieving this. They collaborate with skilled designers to curate stylish and tasteful interiors, incorporating premium furnishings, decor, and artwork to create a welcoming and luxurious ambiance for guests.

Community Engagement: Effortless Rental Group goes beyond the transactional aspects of property management by actively engaging with the Boulder community. Through participation in local events, supporting community initiatives, and fostering relationships with local businesses, they contribute to the vibrant fabric of Boulder life. This community-centric approach resonates with tenants who seek not only a place to live but a connection to the community.

Are you interested in learning more about Effortless Rental Group and property management services in Boulder, CO?

As Colorado’s most trusted vacation rental management company, we cut through the busy work to ensure our client’s properties achieve the highest rankings and maximum visibility. When you go with us, you’ll get more from your listing and the peace of mind that comes with being in good hands. From high-touch guest service to data-driven marketing, we’ll make gaining a return on your investment effortless.

Find out how we can help you get the most out of your short-term vacation rental property by getting a free property evaluation today!

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Effortless Rental Group: Elevating Luxury Rentals in Steamboat, Colorado

Nestled in the heart of the Rocky Mountains, Steamboat, Colorado, is a picturesque destination that attracts tourists and outdoor enthusiasts all year round. With its stunning landscapes, world-class skiing, and vibrant culture, it’s no wonder that Steamboat has become a sought-after location for luxury vacation rentals. Effortless Rental Group has emerged as a leading player in this thriving market, offering unparalleled complete turnkey management services for luxury rental properties. Let’s delve into the exceptional services provided and how we’re reshaping the hospitality landscape in Steamboat.

Superior vacation rental management in Steamboat, CO

Complete Turnkey Management Services: Effortless Rental Group handles every aspect of property management, providing a hassle-free experience for homeowners and guests alike. From marketing and booking to maintenance and concierge services, their comprehensive management package ensures a seamless rental experience from start to finish. Ensuring that our customers become repeat guests

Impeccable Cleaning and Maintenance: Effortless Rental Group understands the importance of cleanliness and maintaining the highest standards for their luxury rental properties. Their dedicated team of cleaning professionals ensures each property is immaculate before guest arrivals and promptly attends to any maintenance issues that may arise during their stay.

Efficient Trash Removal: Effortless Rental Group takes the hassle out of trash management, ensuring that all waste is promptly and efficiently removed from the rental properties. Guests can enjoy a clutter-free and clean environment without worrying about trash disposal.

Deluxe Hot Tub Service: Steamboat is famous for its natural hot springs, and Effortless Rental Group ensures guests an unforgettable experience. Their hot tub service includes regular maintenance, water quality checks, and timely repairs, ensuring guests can relax and unwind in a perfectly functioning and hygienic hot tub.

Swift Snow Removal: Steamboat’s winters are known for their abundant snowfall, and Effortless Rental Group takes the responsibility of snow removal off the homeowners’ shoulders. Their team promptly clears driveways, walkways, and entrances, ensuring guests can easily access their luxury rentals and explore the winter wonderland outside.

Dynamic Pricing Strategies: Effortless Rental Group leverages cutting-edge technology to implement dynamic pricing strategies, optimizing rental rates based on market demand, seasonal trends, and local events. This approach ensures homeowners maximize their rental income while offering competitive prices to potential guests.

Professional Photography: First impressions matter, and Effortless Rental Group recognizes the importance of high-quality visuals to attract potential guests. Their professional photographers capture each property’s essence, showcasing its unique features, stunning views, and luxurious amenities, enticing guests to book their stay.

Luxury Bath Products for Guests: Effortless Rental Group goes the extra mile to ensure guests feel pampered and indulged during their stay. They provide high-quality luxury bath products, including soaps, shampoos, and lotions, allowing guests to unwind and rejuvenate in style.

Interior Design Expertise: Effortless Rental Group understands that luxury rentals should offer an unforgettable experience, and interior design plays a crucial role in achieving this. They collaborate with skilled designers to curate stylish and tasteful interiors, incorporating premium furnishings, decor, and artwork to create a welcoming and luxurious ambiance for guests.

Convenient Shuttle Services: To enhance the overall guest experience, Effortless Rental Group offers shuttle services for transportation within Steamboat. Whether guests need a ride to the ski slopes, downtown area, or other local attractions, the shuttle service provides convenience and eliminates the hassle of navigating unfamiliar roads.

Are you interested in learning more about Effortless Rental Group and property management services in Steamboat Springs, CO?

Effortless Rental Group Logo

As Colorado’s most trusted vacation rental management company, we cut through the busy work to ensure our client’s properties achieve the highest rankings and maximum visibility. When you go with us, you’ll get more from your listing and the peace of mind that comes with being in good hands. From high-touch guest service to data-driven marketing, we’ll make gaining a return on your investment effortless.

Find out how we can help you get the most out of your short-term vacation rental property by getting a free property evaluation today!

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Cantina Loca at Zuni Street Lofts – NOW OPEN!

Cantina Loca at Zuni Lofts is now open!


Zuni Street Lofts just got a little more loca. That’s right – the highly anticipated Cantina Loca is open and ready to rock your boca with its authentic Mexico City street food, mezcal, and tequila.

Putting the loca in local, chef Dana Rodriguez hit the Denver food scene in 1998 after moving from Chihauhua, Mexico. A career fueled by passion and dedication, Rodriguez started as a dishwasher for a restaurant on Larimer Street and worked her way up to the James Beard-nominated chef the city knows and loves today.

There are layers to the triumph of Cantina Loca’s opening.

A follow up to the wildly popular Work and Class and Super Mega Bien, this is Rodriguez’s first solo project.

It also will serve as the perfect place to showcase her tequila and mezcal brand, Doña Loca. Inventive spirits and cocktails from expert bartenders are a promise.

Then there comes the layer of triumph of the restaurant opening in the Covid era. In the height of the pandemic, Rodriguez went on record to detail the heartache and anguish restaurant owners and employees were experiencing.

To be hit as hard as her industry was and to rise up and refuse defeat is perhaps the most exhilarating message this opening can send.

We are confident that Cantina Loca will enhance the already sparkling reputation of Dana Rodriguez and the Denver food scene, and we cannot wait for you to experience the one, the only, the loca.

Experience Cantina Loca as a guest of Zuni Lofts and receive 10% food and beverage. Interested? View all of our luxury vacation rental hotel lofts and book your next stay!

Sources

Raetta Holdman, CBS Denver. “Who is Dana Rodriguez, The Chef who Aims to Elevate The Food at Casa Bonita?” December 6, 2021. https://denver.cbslocal.com/2021/12/06/dana-rodriguez-casa-bonita-chef-lakewood/

Alan Gionet, CBS Denver. “‘Inside, We’re Dying’: Denver Restaurant Owner Battles COVID & Mental Anguish” December 19, 2021. https://denver.cbslocal.com/2020/12/19/inside-were-dying-denver-restaurant-owners-battle-covid-mental-anguish/

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Zuni Street Lofts is now booking!

Effortless Rental Group is proud to announce the latest partnership with the Zuni Street Lofts.

At Zuni Street Lofts, guests are not simply welcomed to the community – they are welcomed into it. This partnership was founded on intention and a steadfast commitment to making a positive impact – and we’re only getting started.

Travelers will experience premium service and features during their stay, as each loft unit comes equipped with fully stocked, designer-grade kitchens and spacious living spaces, with floor-to-ceiling windows and some of the best views in Denver.

While guests may come for the exclusive features, its elements of inclusivity will truly make their stay. A collaboration with local artists is reflected in decor and design representative of the sensational, creative energy of the city.

A seamless introduction into the community starts with every loft’s unique design, with each unit representing a different small Denver business. Along with an immediate connection to the community, Zuni Street Loft’s local partnerships encourage travelers to reap the benefits of shopping local through discounts and promo codes for food, drinks, wellness, art, and more.

The Espadín’s location is one of the many reasons that makes it the hottest place to stay in Denver. LoHi (Lower Highlands) is an eclectic mix of sleek, ultra-modern, and classic Denver Victorian architecture, LoHi is as vibrant and lively as its residents and the community. This dynamic Denver neighborhood is known for its walkability and some of the best locally-owned restaurants, fitness studios, cafes, boutiques, and much more.

At the Zuni Street Lofts, guests rest easy knowing that “stay” and “sustain” are one and the same. That’s because Zuni Street Lofts is committed to being an eco-friendly, sustainable space to ensure minimal impact on the planet and the community. Part of Zuni Street Lofts commitment to the planet includes zero single-use plastics, solar power generation, and EV charging stations. Underlying all design decisions is a sensitivity to the environment and a goal of attaining LEED Platinum accreditation. Innovation never looked so green.

Whether their phone eats first or not, guests will have flavor at their fingertips at Catina Loca*OPENING FALL 2021

“Serving up authentic Mexico City street food, the best mezcals and tequilas in the game, and just the right amount of loca for your boca.”

Source CantinaLoca.com

Female-owned and operated by award-winning chef and notorious local tastemakers and pacemakers, Dana Rodriguez and Dana Macfarlane. Taco ’bout a Denver hospitality dynasty!

Interested in learning more about Dana’s spirit line of Mezcal? See 5280’s feature here.

We couldn’t be more excited to share our thriving community with you, and with that, we welcome you to the Zuni Street Lofts and into so much more.

Interested in staying at Zuni Street Lofts? Click here to book.

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Homes & Villas by Marriott International

We’re extremely excited to announce that qualifying premium & luxury Effortless Rental Group vacation rentals are now available on Homes & Villas by Marriott International.

What is Homes & Villas by Marriott International?

Homes & Villas by Marriott International is a home rental offering from Marriott International, comprised of a curated selection of premium and luxury rental homes cared for by a select group of professional management companies.

At its core, Homes & Villas by Marriott International provides consistency and quality, evaporating the anxiety currently associated with choosing home accommodation and giving guests the space and amenities of a home backed by a trusted travel company with the very best in loyalty benefits.

What does it mean that Effortless Rental Group’s homes are featured on Homes & Villas by Marriott International?

Effortless Rental Group is one of the select professional property management companies who have been vetted and approved to feature their homes on the Homes & Villas platform. This gives Effortless Rental Group and their homeowners, access to the following:

  • Marriott’s 145M+ Marriott Bonvoy™ Members
  • Marriott’s distribution channels and marketing opportunities
  • Brand affiliation with Marriott – if a house qualifies for the Homes & Villas by Marriott International program, that indicates a certain level of safety security and design
  • Homes will have a more significant presence on our site as opposed to others, due to the number of homes we curate per destination.
  • Property performance data and, if need be, guidance on property improvement plans

How can I see if my home would fit into HVMI?

Before you can join Homes & Villas by Marriott International, you have to be managed by one of their select professional property management companies – like Effortless Rental Group! Effortless Rental Group is well-versed in the type of homes that are likely to be accepted into the program and can discuss the potential fit of your home with you.

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Lubner and Landau – Podcast Series for Vacation Rental Host Advocacy

Dana Lubner and Matt Landau have been strong voices & leaders in the short-term rental industry. Both have been seeking more immediate ways to address current advocacy challenges in the space and drive forward some of the standards showcased in last year’s Good Neighbor Summit; a collaborative event that brought together Denver’s local vacation rental hosts and focused on ways to shape positive reform of unfair short-term rental regulation.

We’re extremely proud that our own Dana Lubner is joining forces with Matt Landau (VRMB) to “shift the narrative” and showcase the good side of the local hosting community. The new podcast will feature vocal participants: from public affairs and policy experts to leading vacation rental managers, as well as neighborhood advocates. The topics covered will be game-changing for the short-term rental industry!

For more information check out Short Term Rentalz post here.

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The Future of Short-Term Rentals (in Question?)

Effortless Rental Group is Colorado’s most trusted hospitality provider, specializing in short-term rental and boutique hotel management.  Helping investors locate new real estate opportunities in short-term rental markets, using analytical data, and industry knowledge.

It’s no secret that short-term rentals have been a hot topic whether promoted, maligned, or somewhere in between.  This alternative style of accommodation has evolved into an industry disrupter and is fast becoming the preferred choice of travelers young and old.

Airbnb and Vrbo rentals across the United States have increased by 105% over the past three years propelled by a new wave of travelers looking for more unique and affordable hotel alternatives. Between July 2018 and May 2019, Airbnb added more than 1 million listings.  For comparison, Marriott added 46,101 new rooms between July 2018 and March 2019.  Seeing the outsized returns that short-term rentals generate, U.S. real estate investors both big and small have jumped into this new asset class purchasing 1.8 million properties with the intent to earn short-term rental revenue in 2018 alone.*(AirDNA)

On March 13th, the travel sector was gutted by the COVID-19 pandemic.  Effortless Rental Group saw 87% of reservations cancel in a matter of hours as travel came to a standstill. Shortly after this new reality set in, we noticed a change in booking behavior, with guests reaching out for longer than the average 3-day stays.  This may be due to the fact that short-term rentals are perceived, and proven, as safer than hotels during this pandemic.  A new breed of traveler has been born; one that includes frontline workers, those looking for cozy quarantine spots, and most importantly, travelers who want to avoid a crowded hotel lobby at all costs.

After stay-at-home orders were lifted and businesses began reopening, there was a big uptick in demand.  Weekend getaways are now turning into week-long getaways, guests are even deciding to book for a month or two, now that “work from home” opens the opportunity to work from anywhere.  Travelers are wanting to escape city life to visit a nearby drive-to destination. This type of travel is expected to continue through 2021.  

Since the pandemic began, the percentage of bookings on Airbnb within 200 miles has grown from a third in February to more than 50% in May. Travel in a post-COVID world is shifting “from airplane to car, big city to small location, hotel to home,” Chesky said in an article from the LA Times.  Airbnb’s newest marketing strategy is “Getaway, without going far.  A journey close to home is just the break you need”.  We’ve observed this within our own booking data as a majority of guests reside in state.

Traveler needs are changing and that is nothing new to the short-term rental industry.  Although COVID-19 has created extraordinary circumstances, we’ve always demonstrated our ability to adapt and meet guest expectations.  Proactive communication of cleaning procedures reassures guests and helps demonstrate the full value of the services provided to them. 

Shifting travel expectations and behaviors present an opportunity for investors.  When stacked up against hotels, professionally managed short-term rentals often win out in cost, size, amenities and quality.  These advantages are historically amplified during economic downturns, making short-term rentals the most attractive option over the next year and beyond.