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Business PlansEconomic and STR Industry Risks with Bram Gallagher
In this week's episode, Jamie sits down with Bram Gallagher, a fellow economist here at AirDNA. With nearly a decade of experience as a travel economist, Bram helps us navigate the potential challenges facing both our industry and the broader economy as we move into the latter half of the year.
Hurricane season is upon us, and we delve into how these natural disasters have historically impacted markets, as well as their current effects. Bram notes that while these events can be highly localized, the ongoing impact of climate change is making recovery in certain areas more prolonged. This has led to increased hesitancy to invest or visit affected regions, and has also driven up insurance costs.
Another looming challenge is the potential government shutdown at the end of the month. At the time of recording, there's no budget agreement in sight, which could create a host of issues if not resolved. Additionally, the resumption of student loan repayments could put a damper on travel spending, with average monthly payments hovering around $300 for those who need to settle these debts.
Lastly, we touch on the ever-changing regulations in our industry. Most notably, Airbnb listings in New York will no longer be available for stays shorter than 30 days, a change that could significantly impact hosts and the local tourism economy.
While risks are inherent in any economy or industry, Jamie and Bram believe these challenges could be relatively minor and that the overall landscape remains robust.
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Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
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Find AirDNA at these upcoming events!
Up Next:
Unveiling the All-New AirDNA with Aaron Koppinger | Episode 49 | STR Data Lab™ by AirDNA
Unveiling the All-New AirDNA with Aaron Koppinger
In this week's episode, Jamie Lane sits down with Aaron Koppinger, AirDNA's Director of Product, to tackle one of the biggest challenges in STR investing: finding the right market and property that aligns with your goals. We've listened to your feedback and reimagined AirDNA to be your comprehensive guide in the world of short-term rentals.
AirDNA now offers flexible subscription tiers that replace market-based pricing, as well as innovative Market Scores—a numerical rating system that supersedes the old letter grades. These features are designed to offer you nuanced, actionable insights, making AirDNA your one-stop-shop for STR investing.
Aaron also teases upcoming features, including the ability to search through MLS listings for your next property investment. This episode is a treasure trove of insights that will revolutionize how you approach STR investing.
You don't want to miss this episode!
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Signup for AirDNA for FREE👇
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
~~~~
Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 49