Short-term rentals have become a popular investment opportunity for those seeking to generate passive income from real estate. Finding the right property, however, in the right location at the right price can be a challenge. That’s where technology comes in. Sourcing engines like Keyturn’s can help you find the best deals 100x faster than on your own.
Read below to learn more about how sourcing tools can help you invest with more confidence and speed.
Find High-Demand Areas
Sourcing engines help users identify high-demand rental areas by analyzing data patterns and trends related to rental prices, vacancy rates, and other market indicators. You can customize and edit financial analysis, and the tool will ensure you receive automatic updates on new and ongoing market regulations and any news that might be relevant to your potential properties.
Toggle to Properties with the Highest ROI
Going hand-in-hand with picking an optimal location is picking a property with high growth potential. As short-term rental listings grow, customers' expectations are too. By investing in luxury and/or high-potential properties, owners can increase their property’s lifespan while growing revenue. Look beyond the property itself and consider factors such as nearby or planned construction, economic stability, accessibility to recreational activities, weather, and more.
Why not try Keyturn's Sourcing Engine for free so you can quickly find the perfect investment property? Join our waitlist here to get a 50% discount code for your first month - only 50 free spots available for our Beta.
Compare Properties Side-By-Side to Save Time
Comparing properties side-by-side is advantageous but can be tedious to do on your own. Sourcing engines significantly cut that time down by filtering back only properties aligned with your investment goals. Users get immediate access to listings already vetted with the latest financial breakdowns, so on first glance, you'll have access to cash-on-cash analysis, upfront costs, monthly revenue, regulatory restrictions, and typical occupancy rates as you search. Plus, tools like Keyturn’s have automatic custom underwriting included, allowing you to focus on other aspects of your investment strategy, such as managing or redeveloping your rental properties.
Gain Leverage in Negotiations
When you're ready to buy, it's important to equip yourself with the necessary financial metrics to negotiate the best price for purchase. Sourcing tools can provide you with valuable insights about the local real estate market, such as property values, expected rental rates, and occupancy rates. This information can help you prepare yourself for negotiations and secure a better deal. Learn about how Keyturn can help you get the best price possible through our purchasing services.
The process of finding and buying a property can be overwhelming (trust us, we know), but sourcing tools provide valuable insights and data that can help you invest in short-term rentals with ease. Invest smarter, not harder!
