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Austin's Booming STR Markets Are our Photos the Reason, for the boom?Why is Short Term Rentals (STR) markets are booming in Austin? Thanks to Austin’s events driven nature and dynamic culture, “SXSW”, “Austin City Limits”, “Formula One” to name only a few major events brings hundreds of thousand people into the city each year. Let’s discuss how Home owners and real estate entrepreneurs can take advantage of this unique environment. Right now, Austin is one of the most tourist friendly and competitive cities in the country, make that work for you. | ||||||||||||||||
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“People seeking vacation rentals usually look with their eyes first, and scan works second. The professional photos JG has taken for my business has doubled my bookings over the past two years from using his service. The photos have helped build trust and created immense value to my listings and has given a sense of service that will executed for each stay” - John Brown says. | ||||||||||||||||
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For consumers STR is so attractive because they can get much more for the price they pay relative to a hotel, especially if traveling as a group. For the property owners short term rentals offer a good way to make more money off your property. It is a bit more challenging organizationally to do full on airbnb or VRBO but the 31 day+ rental market is also a unique space which you make more than a typical year long lease but less than a new customers every day or every weekend. | ||||||||||||||||
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We estimate that the multiplier is you make about 3X normal rent on a STR versus a regular year long listing and about 2X a on 31 day. 31 day leases are popular for people who don't want as much wear on their home or the headache of maids all the time and check ins, but want to maximize their income. Clients for the 31 day + rentals are often nurses or other young traveling working professionals or people who are new to town wanting to find a lease but who have not yet and may have a job. Also if you own multiple houses or depending on what neighborhood or apartment you are in putting your home on airbnb may not be popular. Take a look at some of the different ones we have done from no bedroom lofts to 25 bedroom villas we do it all. Jonathan was actually the first photographer for Airbnb in Austin and photographed over 800 of the first listings in Austin. | ||||||||||||||||
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We leave you with our last photo Shooting a spectacular view and beatiful condo at The Independent photographed for an upcoming listing for an agent with“Urban Space”. Inspired by Austin’s bold and innovative spirit, the movement between The Independent's tiers is an outward reflection of the vibrant lifestyle within the building and surrounding community. The building has been affectionately nicknamed the "tetris building" or the "Jenga Tower". | ||||||||||||||||
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