Dec 1, 2017
The short-term rental market ranges from random studio apartments in any city across America to high end vacation homes in desirable markets. InvitedHome manages properties in the high end vacation home side of things and is trying to bring professionalization into the short-term rental market.
Market share for short-term rentals has exploded in the past decade, becoming roughly 4x bigger than it was in 2007 when Michael entered the arena. Jason and Michael discuss why InvitedHome picked the market they picked, what kind of return investors can expect to see, and what the future of the industry looks like.
[1:14] What is InvitedHome?
[6:01] InvitedHome saw an opportunity when they realized they could brand themselves as a company with quality destinations
[7:39] How InvitedHome chooses which homes to add to their network
[8:33] 3 key factors that impact your home's rental potential
[9:41] The Gross Rental Revenue to Purchase Price Ratio many investors are looking for in short-term rentals
[12:34] The process of when the homeowner wants to use the vacation home and not rent it out
[14:37] The current size of the short-term rental market is $100 billion