a better use
Why Short-Term Rentals
Simply put, with a short-term rental you’ll achieve maximum value for your property. Increase your cash flow, your NOI, and your asset value all by making the switch to STRs. Plus, with full-service asset management by Endeavor2, we’ll do the work.
A short-term rental takes advantage of shorter lease periods, allowing each guest to pay more. With the right level of occupancy, owners earn significantly more on their investment.
If cash flows go up, it makes sense that net operating income goes up as well. While there is an increase in expenses, it is more than offset – sometimes substantially so – by the increase in monthly revenue.
Especially for apartment operators, if your NOI increases, then your value is sure to follow. With cap rates being an important value indicator in multi-family sales, increasing NOI means more money when selling at prevailing cap rates.
Have you ever wished you could stay in your house for a weekend? Or maybe a family or friend is in town and could use a place for a while – either way, with STRs, you gain the flexibility to control occupancy in ways never possible before. Plus, with every increasing threats of rent control and other goverment measures, being a STR means no long-term tenants. Let missed payments, vacancies, turn-overs, and evictions be a thing of the past.