The short-term vacation rental platform reports a net loss of $56 million to start the year despite booming revenue. Vacation rental platform Vacasa reported a doubling of booking value, driven in part by an uptick in the price travelers paid to book a home on the site in the first three months of this year.
Zillow was trending on social media on Wednesday after two formerly beachfront homes were swept out to sea on the North Carolina coast. Twitter users piled onto the online search portal giant after the homes, the second and third to be engulfed by the Atlantic Ocean in the vacation rental hotspot this year, collapsed on
Airbnb, Vacasa and Your.Rentals have all unveiled new policies and technology focused on noise monitoring in an attempt to block raucous parties before they start for the holidays this summer. One of the biggest threats to short-term rental investors is that their guests will throw ragers, ticking off neighbors and drawing negative attention from the
Welcome to Inman’s Property Portfolio. Inman created the Property Portfolio newsletter specifically for small-time real estate investors interested in growing their personal portfolios, and we need your help as we continue to fine-tune our real estate investment coverage. We’ve been writing for the short-term rental investors, the fractional owners, the independent landlords, the property managers
The number of homeowners who are more than 30 days late on mortgage payments dropped for the 11th straight month in February. The number of mortgages that were past due by 30 days or more fell to 3.2 percent in February, continuing an 11-month decline in the number of people who are past due on
Revenue, market share, web users and homes sold by RedfinNow all rose. But the company reported a $90.8 million net loss in a Q1 earnings call on Thursday. With Redfin CEO Glenn Kelman acknowledging headwinds in the market, he described his company’s strategy as running a marathon against competitors Zillow, Realtor.com and, soon, CoStar. “As
Single-family rental investor platform expands to Indianapolis, Jacksonville and Nashville, bringing total footprint to 25 markets. An online platform that works with institutional and small-time investors to buy and manage single-family rental homes across the U.S. is launching in three new markets. Mynd has been quickly expanding across the country, giving investors the opportunity to
The short-term rental platform posted a $19 million net loss for the first quarter of 2022, a significant improvement over the same period last year, according to earnings released Tuesday. Airbnb customers booked more nights on the short-term rental platform last quarter than at any point in the company’s history as the company fell shortly
Arrived Homes unveiled 13 new rental homes, allowing investors to buy shares for as little as $100. The demand quickly crashed the single-family rental platform’s website. This story has been updated to reflect shares in all of the new apartments that had sold out by the time Arrived Homes’ website went back online around 1:30
Half-day Fridays, required vacation and a focus on health and employee wellness are keys to keeping great employees, brokers say. Inman events are the best way to connect, learn and grow. Don’t miss the next one, Aug. 3-5 at Inman Connect Las Vegas! Get your ticket now for the best price. Things changed for Sarita Dua the
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