What worked for STRs in 2020 won’t cut it in 2024. The game has changed, and if you’re not paying attention, fees, taxes, and regulations could wipe out your profits. 🏡💸
In this episode of The Real Estate Pessimist Podcast, Erik Stenbakken and Kristi Kandel expose the realities of STR investing today:
🔥 The New Landscape – How investors, municipalities, and HOAs reshaped the market.
⚠️ Regulation Crackdowns – Why cities are banning permits overnight and how to protect your investment.
💰 Hidden Costs – The skyrocketing taxes, licensing fees, and operational expenses eating into your margins.
🏠 HOA Power Plays – How associations are quietly squeezing out STR owners.
📉 Revenue Drops – Why increased supply is driving lower nightly rates despite growing demand.
💡 BONUS TIP:
📢 Speak Up or Get Pushed Out – If you’re not showing up to local government meetings, your voice isn’t being heard. Regulations aren’t set in stone—but only if investors get involved.
This is Part 1 of a two-part deep dive into the evolving STR market. Before you buy, watch this first!
🎙️ Catch the full episode here
Want to become a STR Expert with Erik’s help? https://eriks-academy.teachable.com/p/str-in-an-hour
Ready to go from podcast listener to Local Developer with Kristi’s guidance?
Whether you're just getting started or ready to go all in, we've got the tools to help you build what matters in your own backyard.
→ Programs & Resources: https://www.localrealestatedeveloper.com/
→ 90-Day Masterclass: https://www.localrealestatedeveloper.com/build-it-course
→ Apply for the Mentorship Program: https://www.localrealestatedeveloper.com/dev-mentorship
#ShortTermRentals #STRInvesting #Airbnb #RealEstateInvesting #PassiveIncome #RealEstateTruth
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