55) Riches Are in the Niches & Airbnb Squatters

House Money Weekly

In this week’s House Money Weekly segment, Lauren and Alan discuss blog 157 - Boost STR Returns with These Airbnb Alternatives. When it comes to Short-Term Rentals, it is hard to stand out especially if you're new to Airbnb because of the intense competition. The 1st alternative is Hopper which is ideal for last-minute bookings. If you need to purchase a plane ticket or visit a specific city on short notice, this app allows you to make bookings quickly. You can list your property on Hopper, making it available for immediate bookings when cancellations occur. Lauren notes that OwnerRez API integrates with Hopper. The 2nd alternative is Kid & Coe, catering specifically to family bookings. If your short-term rental is child-friendly and located near playgrounds, or equipped with amenities like trampolines or swimming pools, this platform is tailored for you. Lauren is concerned about maintaining kid-friendly items such as pack and plays, which may get misplaced or damaged. The 3rd alternative is Peerspace that focuses on booking spaces rather than overnight stays. If you have a large room suitable for corporate meetings, photoshoots, or workshops, you can list it here. As a property owner, you can also explore other listings on Peerspace for inspiration. Bookings on Peerspace can be hourly or half-day, offering an additional income stream between guest stays. The 4th alternative is Flok, which is designed for booking retreats. It caters to companies organizing business retreats or startups planning off-site meetings. Typical amenities include conference-size tables and spacious living areas equipped for presentations. Flok is popular among customers and small business owners looking for short-term rental options ranging from weekends to week-long stays. In conclusion, all 4 alternatives discussed have a niche and it exists because the riches are in the niches. So understand your short term rental niche and make sure it's being promoted!

 

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