Joseph discussed the state of the short-term rental market. He highlighted the market's growth, driven by increased travel and the popularity of online platforms like Airbnb and Vrbo, but also noted its challenges, such as fast guest turnover, extra regulations, rising interest rates, and market saturation.
Joseph emphasized the importance of researching the best markets before investing in short-term rentals and shared his concerns about the market's profitability and sustainability, especially in recessionary times. He also pointed out that the demand for luxury offerings has made short-term rentals less profitable for many hosts.
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Perkitech - https://perkitech.com/
TCS Property Management - https://www.tcsmgt.com/
MB Capital Solutions - https://mbcapitalsolutions.com/
Joseph @ Lend - https://www.linkedin.com/in/josephvscorese/
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