712: Has the Short-Term Rental Goldmine Run Dry?

<p><a href="https://www.biggerpockets.com/guides/the-ultimate-guide-to-short-term-rental-properties" rel="noopener noreferrer" target="_blank"><strong>Short-term rentals</strong></a> can be categorized, at least at a surface level, as the “easiest” investments of 2021 and 2022. With <strong>low </strong><a href="https://www.biggerpockets.com/blog/on-the-market-4" rel="noopener noreferrer" target="_blank"><strong>interest rates</strong></a> and a <strong>surge of post-pandemic tourism</strong>, new hosts were buying homes for cheap monthly payments, throwing some furniture in them, and making a six-figure return within a year of owning just one property. Naturally, this led more and more hosts to start<strong> building bigger vacation rental empires</strong>, buying as many properties as possible and inflating prices as a result.</p><p>But, the boom in BnBs caught on quickly, and more investors began tackling the same strategy. <strong>Before long, there were more short-term rentals than ever</strong>, but the same number of guests occupied them. <strong>Now, short-term rental hosts are facing lower occupancy</strong> as they struggle to compete over which properties will get which guests. So,<strong> is this the end of the short-term rental industry</strong>, or is the data showing something completely different? We brought on<strong> Jamie Lane</strong>, Vice President of Research at <a href="https://www.airdna.co/biggerpockets" rel="noopener noreferrer" target="_blank"><strong>AirDNA</strong></a>, to give us a glimmer of hope.</p><p>Jamie knows short-term rental data better than anyone else. He knows <strong>which markets are growing</strong>, which are declining, which amenities get you the<strong> highest ROI</strong>, and why<strong> last-minute bookings</strong> aren’t a bad thing. He gives us a deep dive into <strong>what’s affecting the short-term rental market</strong> as a whole, whether it’s on a decline, and <strong>what hosts can do to beat out the competition </strong>when trying to fill th