Host or Rent

Don’t know where to start looking for a luxury real estate property? Not sure how to start hosting your home? First, you need to decide if you want to host or list a short-term or long-term rental.

Short-Term Rentals

Traditionally, the only options for short-term rental properties were hotels, Bed & Breakfasts, or illegal sublets. Airbnb changed the traditional way that the world rented out their homes, with a unique business model that turned any home into a side business.

Short-term rentals certainly have some benefits, like increased revenue. You can maximize your revenue if you rent out a room or rooms for multiple nights — or even for a month-long sublet. Premier luxury real estate markets (such as New York City, Miami, and Los Angeles) get the most bang for other people’s bucks by offering short-term rentals.

However, short-term rentals come with some challenges. If you want to maximize your profits, expect a lot of turnovers. This means managing different guests in tight timeframes, hiring cleaning services, and checking references. This often cuts into your time and your profits.

Long-Term Rentals

Long-term rentals may not seem as alluring, but they offer long stability such as a guaranteed income source. Sure, your flat fee may net you less than short-term rentals, but you don’t have to worry about the constant management and foot traffic.

The Best of Both Worlds

LuxuryBNB Rentals can help get your property ready for nomad living.

We are the only luxury real estate management company that manages premier properties by providing both physical and virtual support.

Our five-star services include remote management that allows us to virtually check-in guests and provides any support issues that may arise. Our concierge services help elite clientele with their distinctive multimillion-dollar properties, from application to listing to on-site support.

In fact, we handle all the booking needs. So instead of worrying about how to list and market your luxury real estate property, you should worry about where in the world you’re going next.

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Even for those who’ve fallen into the homeownership cycle. If you want to explore your options, then read on.

Of course, there are benefits that come with buying a home — long-term property ownership will bring about a return, but at what cost? There often hidden payments to be made upfront, unforeseen expenses, and of course, there is an element of risk. Anyone remember 2008?

So, for the aspirational renter what exactly is the benefit of renting somewhere over buying?

DISCOVERING NEW SURROUNDINGS

Ever had that Groundhog Day feeling? Same highway, same gas station, same coffee shop. Heck, even the front door creeks the same way. Every. Single. Day. Well, this doesn’t have to be the case. You’re a renter remember. Just imagine where you want to go, put a pin in the map, and get in touch with me at LuxuryBNB Rentals. You’ll be sipping fresh coffee with your feet in the pool, watching the waves lap the shore in no time.

INSTANT ACCESS TO AMENITIES

This leads us to the second point. You didn’t have that pool to put your feet in several months ago. Because rentals often have amenities you could only dream of when buying a home. Not to mention the view!

SO MUCH MORE FLEX.

As well as being able to do your morning yoga routine on a balcony overlooking a beautiful bayside, being a renter gives you the flex to live wherever you want. Dropping on to a rental in a desirable part of New England for example is easier than trying to make the 20% down payment required for buying the same place. Even if you have that 20% in your pocket, you now have the freedom to invest that in potentially more lucrative offerings. It’s a win-win for the savvy business mind.

NO MAINTENANCE. ZERO. NONE.

We aren’t all able to be ‘Million Dollar Decorators’. Nor do many of us have the time. The good news is, especially in the case of our rentals, you’re able to walk into a place with picture-perfect rooms, exemplary finishes, and top-end tech. And in the event a tap starts dripping, we’d be right on it before it drives you insane.

So, before you consider the long, stressful, drawn-out, and often expensive, process of home buying, think about the limitless possibilities of renting. Mountainside, beachfront, or exclusive city living are all within reach. And quickly. Or if you already own a luxury property, why not release its potential? Free yourself.

LuxuryBNB is an end-to-end real estate management company for high-living property owners and renters offering meticulous and considered support, virtually, and in person. Visit us at www.luxurybnbrentals.com

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Whether you’re a fan of fine dining and the industrial chic of the Seaport District, or prefer the leafy, rolling, picturesque hills of The Berkley’s, you will no doubt want someone who can look after you each step of the way.

As someone who has lived in luxury accommodation across the world, I know a thing or two about how one should be treated. Leaving you time to concentrate on the important things.

BOOKING

You’ll want to know exactly what you’re getting. Our website will offer full and honest descriptions of the properties available to you. That beautifully equipped kitchen will be just as enjoyable as you thought it would be. And the coffee you make in it, to sip on that balcony with views to die for? That’s right — it will taste as good as any coffee you’ll ever have.

PRE-FLIGHT

You don’t want to be guessing on things. So we leave nothing to chance. A full and bespoke communications package means you have all the information you need prior to your departure. The only surprise will be that “oh my, this is even more beautiful than I ever imagined” kind of feeling.

A WARM WELCOME

When you land at a LuxuryBNB property, you won’t want to be having to spend time finding your feet. So a warm welcome will always be waiting. We can let you know cool places to go, where to shop, and what to see. We’ll even be on hand to help if you can’t find the towels and robes.

HOUSEKEEPING

We’re talking way more than a little bit of spit and polish. Your rental will be pristine when you arrive. Anything less just won’t do. Cleaned with the precision of a seven-star hotel you can expect everything just so for you. And, if anything goes wrong, we’ll be on hand quickly to make sure it is sorted without interrupting your plans.

CHECK-OUT

You probably won’t want to leave. And we know you’ll have a lot to think about when packing up. So we’ll make check out a breeze too. Simply shut the door behind you, reflect on an incredible stay, and think about where in the world you want to go next.

The post Your Booking Starts with Relaxation. appeared first on luxurybnbrentals.com.

Charlotte, North Carolina

US News & World Report ranked Charlotte as the sixth best-place to live out of 150 metros in the country. And, it should come as no surprise why this city offers you a great opportunity — Charlotte boasts a mild winter and pleasant falls. With average home prices at $231,233, you can understand why it’s an attractive option for Millennials, Gen Z, and investors alike.

Boise City, Idaho

According to QuickenLoans®, the population from 2010–2018 grew by three percent. That’s a nice jump! And, with a median home price of $367,000, this is a great market to invest in. Plus, an emerging art scene coupled with its boutique shops makes it a trendy place to live.

Nashville, Tennessee

Ranked as the 17th best city to live in the US, Nashville offers plenty of return on investment. The average home costs $263,625, and the dominance of pop country as a music genre makes this city sing — literally. Also, don’t forget about the craft beer scene, as Nashville boasts plenty of up-and-coming and established breweries.

Austin, Texas

Austin has seen exponential growth for quite some time now. Even BiggerPockets acknowledges this while still predicting how more people will move to the city. And, why not? It’s slowly becoming a tech hub, with a lot of companies like Tesla fleeing California for a more tax-friendly state like Texas. Well-known food and arts scenes make this city a smart choice.

Miami, Florida

Similar to Austin, Miami is positioning itself to become a tech hub on the Southeast Coast. Florida is a nice tax haven, and list prices have seen a 12% increase, so now’s the time to invest in one of the Sunshine State’s crown jewel cities. Plus, Miami is known for its wild nightlife and beautiful beaches, so you better start working on your tan now.

Phoenix, Arizona

Phoenix is one of the main southern cities that is benefiting from people leaving in droves from New York City. And, it’s a great place to add properties to your portfolio. The population growth has seen a 1.6% jump, so now’s the time to snap up some of the high-end properties. The best part? You’ll be a stone’s throw away from the serene Desert Botanical Garden.

Jacksonville, Florida

Another entry, another city similar to Austin and Miami. Jacksonville has been slowly breaking out as an investment hotspot, and it will continue to stay this way. It isn’t quite the up-and-comer as some of the other cities on this list, but the opportunity is still there. Besides, you can never go wrong when you live at the beach.

Colorado Springs, Colorado

This city has an average list home price of $440,000. And, Colorado Springs saw a two percent population growth from 2010-to 2018. Hope springs eternal for luxury real estate investors and nature enthusiasts in Colorado Springs.

San Diego, California

Why should you invest in San Diego? Well, the city receives a 9.6 rating out of 10 on US & World News Report’s desirability scale. Oh, I’m sure the warm climate accounts for some of these points, but the strong job market that boasts a low 3.2% unemployment rate helps too.

Hawaii

Islands like the Big Island’s Hilo or Oahu offer great alternatives in Hawaii besides Honolulu, the eight most-expensive places to live in the US. And, Real Hawaii claims the average home price in 2019 in Oahu is $461,000. Come for the sound investment, stay for the world-class adventures of all kinds, like hiking through tropical rainforests, snorkeling, and surfing.

Montana

The Missoulian isn’t just pushing their local market when they discuss the great investment opportunities in Montana. The state saw the largest housing prices increase in the whole country! In the third quarter of 2020, there was a 10% year-over-year rise in home costs, so look for similar growth throughout this year.

Yellowstone

If you’re a nature lover, this is a must. Where else can you invest in luxury real estate while also having both Black and Grizzly bears as your neighbors? Soak in — literally — hot springs, or gaze in amazement at the famous “Old Faithful” geyser. Yellowstone is the perfect way to enjoy both the finer — and simpler — things life has to offer.

Joshua Tree, CA

According to Mashvisor, the Joshua Tree real estate market started booming in the mid-2000’s. And, this isn’t accidental — with the Joshua Tree Music Festival held there twice per year and the national park nearby, this California locale is a luxury real estate investors’ oasis.

Wyoming

When you think of luxury, Wyoming may not be a place that comes to mind — but it should be! Clever claims it’s a proven real estate market that attracts $2 billion in tourism revenue. In particular, Cheyenne has seen home values rise by 11.2% over the past several years. It may be time to start saying, “WhyNOTWyoming.” OK, I’ll see myself out after that bad joke.

New York, New York

OK, let’s call a spade a spade — New York City got hit hard by the pandemic. Unfortunately, it’s still reeling and feeling the effects of Covid-19, and people are opting for Southern cities and the suburbs. But, it’s still New York. It’s still the city Engel & Völkers ranked one of the top-five luxury real estate markets in the world. That’s not even mentioning Broadway, the world-class food scene, or some of the most famous sports teams in the world (like the New York Yankees).

San Jose, Costa Rica

Coldwell Banker Costa Rica speaks highly of the international business presence in Costa Rica’s capital. Plus, a strong tourism industry means there are plenty of opportunities to invest in high-end real estate in one of Central America’s most stable countries. And, if you’re a fan of living green, Costa Rica is world-renowned for its ecotourism.

Tel Aviv, Israel

If you’re looking for luxury real estate investments, you can’t do much better than Tel Aviv. CBSNews listed it as a top-10 emerging international market in 2019 — and for good reason. Growing tech industry and a 10.2 % price increase make it a very attractive city for savvy investors. It’s a quick plane ride away from Europe for those who love to travel, and a premier beach resort for those who like to laze around on their days off.

Toronto, Canada

According to Pierre Carapetian, Toronto is a great emerging market for luxury real estate investments for several reasons. Immigration is on the rise by 8.4%, so people are clearly moving there in droves. This is in no small part thanks to the emerging tech hub it’s become. And, with an upcoming transit project expecting to revitalize mass transit in the city, home values near the train lines should see a dramatic increase in value.

Vancouver, Canada

Vancouver has also seen a double-digit price list increase — almost 12%! — and is generally seen as a reliable investment. In fact, Vancouver has seen a median home value increase year after year for the past several years. Throw in gorgeous natural landscapes and you’ve got yourself a veritable paradise!

Montreal, Canada

Precondo suggests that Montreal — of all the Canadian cities — is the desired destination. In fact, it topped the list based on sales to new listings ratio. In 2020, the city saw an 8.48% increase in sales compared to 2019. Not bad, eh?

Rochester, New York

With the mass exodus from New York City, Rochester is primed to see a boom in growth. The city already experienced a 2.1% growth from 2010-to 2018, so expect this number to increase quite drastically over the next few years.

The Hamptons, New York

According to the New York Post, the Hamptons recently experienced a $1 billion real-estate boon. In the third quarter of 2020, average sale prices jumped by 33.2% from the same time last year. Don’t miss out on this opportunity to join this young community with a great vibe and gorgeous panoramic views to boot!

Caribbean

When you think of the Caribbean, you envision all-inclusive resorts, beautiful beaches, and blue water. But, Luxurious Magazine thinks you should also consider investment opportunity too. They claim the Caribbean has remained a stable real estate market, and you can benefit from a tax-free purchase.

Porto, Portugal

Porto has seen a bit of a boon. Because of cheap airfare, Porto’s hidden charm has become exposed. More than 11 million tourists now pass through Porto yearly. And, Live and Invest Overseas claims liquidity in the 1.7 million-inhabited city is on the rise. Plus, it’s the home of Port wine, so don’t be surprised to see many Millennials and Gen Z-ers sipping on this elegant vino in this harbor city.

Belize

Caribbean Lifestyle explains how the currency exchange rate in Belize is two Belizean dollars equaling one US dollar. So, with low property taxes, a favorable exchange rate, a soon-to-be-increased tourist industry, and easy-to-find properties, now’s the time to invest in Belize. The fact that it’s a gorgeous, English-speaking city is the cherry on top of this investment-opportunity sundae.

These 25 emerging markets for luxury real estate investments all offer unique — but profitable — opportunities for you to take advantage of.

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