Buying an existing vacation home is a smart investment move, especially when you can transform it into a high-performing short-term rental (STR). Here's how you can leverage a vacation home into a high cash flowing asset.
STR Cribs is a nationwide design and renovation company with a proven track record in creating high-performing short-term rentals. They have successfully completed over 200 projects, helping clients achieve up to 64% more occupancy, 40% higher average daily rates (ADRs), and an additional $50,000+ per year compared to competitors.
Their main offering is a comprehensive, white glove service that includes:
Clients receive a dedicated project manager, personal time with a designer and head of construction, and can choose their level of involvement in the process. They encourage and embrace collaboration to ensure the final product meets or exceeds your expectations.
In addition to their full-service offering, they provide E-design services and a la carte options for clients who prefer a more hands-on approach or do not need the full package. This flexibility allows them to work with a variety of clients and situations.
Consider one of their standout projects in Scottsdale. This property, according to AirDNA projection data, was projected to generate $140,000 to $150,000 in revenue annually. After design and renovation, it achieved $242,000 in its first year. We attribute this success to their strategic design and added amenities.
By purchasing a home on Revnest and partnering with STR Cribs, you can position your property in the 90th percentile of revenue earners. Explore existing turnkey vacation rentals on Revnest, and then book a call with STR cribs to help you take your investment to the next level.
Let’s turn your vacation home into a high cash flowing business together.