Join our guest speaker, Rich Munroe, as he covers market realities, challenges, and actionable strategies for STR real estate investors to succeed. Rich Munroe of BNB Investing Group will break down the current state of the Jacksonville short-term rental market. With 9 years of experience managing 75 properties across multiple cities, Rich will provide expert insight into the challenges and opportunities that exist for short term rental property owners today.
Topics Discussed:
- Current Market Overview: A look at the current state of the Jacksonville short-term rental market and key trends impacting property owners.
- Rumor vs. Reality: Addressing common rumors such as Airbnb being "dead" and whether the market is truly oversaturated.
- Shift in Traveler Preferences: How the shift back to hotels and traditional lodging is impacting short-term rentals.
- Profitability in a Competitive Market: Strategies for maintaining profitability despite increasing competition and market saturation.
- Opportunities in Niche Markets: Highlighting niche opportunities in the short-term rental market (e.g., luxury stays, themed properties, long-term stays).
- Maximizing Occupancy and Revenue: Practical tips for increasing bookings, occupancy rates, and revenue in today’s environment.
- Future Outlook for Jacksonville: Predictions and insights into where the short-term rental market is headed in the next few years.
Your hosts: Rosemary Murphy, Jesika Johnson and Monique Mancera.
See you there! 😊