As Featured in West + Main Home Magazine: Building the Brand

 

By Julie Robertson

 

In this day and age, short term rentals are becoming a popular way to boost your side hustle and income. However, it must be strategically thought out as to how you market your short term rental on Airbnb. Creating a great marketing scheme for your short term rental will, in the long term, completely benefit you. A property that really looks like a “brand” will build far more brand confidence and trust in the guests that stay there. Branding your property will also create a much more “professional” look for the host. In the points to come, you will be able to figure out how to most effectively brand you short term rental to not only bring in the max amount of income. And have fun doing it!


How to brand your short term rental

1. Choose your name

Think about where your rental is. Is there historical significance? Do you have a personal tie to the area? Could there be a play on words? Try to keep the name 1-4 words.

2. Come up with a logo

In Bethany Buchanan's "Vail Tree House", designer Julie Robertson came up with an all-encompassing logo design signifying what Bethany wanted shown. The logo can be used on notecards throughout the property showing rules + directions on how to operate things in the property. They can also be used on mugs, tote bags, koozies, and wall art.

3. Bring the branding into the website listing

Once you have your name + logo, make sure this branding is consistent on the website listing for the property. Using similar wording, phrasing, and imagery ties the brand to the listing.

4. Use social media to reinforce the brand

Create an Instagram account for your property. Additionally, create a hashtag that guests can use to tag photos of their adventures with. For Bethany's rental, #VailTree- House is the hashtag that the guests use to post with. Not only does this give promotion to the property , but it gives you, the host, content to use for Instagram as time goes on.

Bethany Buchanan’s Vail Tree House

Photos are Everything

Including photos from unique angles and highlighting interesting spaces that your guests check out can show off a unique area of your property and align with your branding. In the case of your short term rental, your listing will be judged by its cover, photos. Investing in professionally taken photos will pay off immensely in the long run. Make sure to include photos that go along with your rental's branding. In the case of W+M OK founder, Jarred D. Smith's Oklahoma City short term rental and Rachel Cardwell’s short term rental, they were able to capture all the fun and playful spaces throughout the properties to invite the guests in and get comfortable in the space. The photos worked together seamlessly.

Info on featured short-term rentals

Rachel Cardwell's Castle Rock Airbnb
Listed as Castle Rock Hideaway $243/night

Bethany Buchanan's Vail Tree House
Listed as Boho Chic Studio in the Village $204/night

Jarred D. Smith's Oklahoma City Airbnbs, Listed as The ACE2 Paseo $82/night

+

Listed as The Uptowns1 on 23rd $103/night

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Down Payments Reach a New High

The national median down payment hit its highest level since at least 2005, ATTOM Data Solutions reports.

The median down payment on a single-family home purchased with financing in the third quarter was $27,500. That is up 41% from $19,502 in the third quarter of 2020.

Overall, the median down payment of $27,500 represented 8% of the national median sales price for homes purchased with financing in the third quarter, up from 6.5% a year earlier.

Down payments are higher likely because home prices are higher. The National Association of REALTORS® reports that existing-home sale prices were 13% higher in October compared to a year earlier.

While borrowers are bringing more money to settlement, they are also financing more of the home purchase than in years past. The median loan amount was $295,954 in the third quarter, up 13% compared to a year earlier, according to ATTOM Data Solutions.

Metro Areas With Highest Down Payments

The following 10 metros had the highest median down payments on single-family homes and condos purchased in the third quarter, according to ATTOM Data Solutions:

  • San Jose-Sunnyvale-Santa Clara, Calif.: $336,700

  • San Francisco-Oakland-Hayward, Calif.: $253,000

  • Los Angeles-Long Beach-Anaheim, Calif.: $166,500

  • Boulder, Colo.: $151,325

  • Oxnard-Thousand Oaks-Ventura, Calif.: $145,540

  • San Diego-Carlsbad, Calif.: $134,000

  • Bridgeport-Stamford-Norwalk, Conn.: $110,600

  • Santa Rosa, Calif.: $110,500

  • Seattle-Tacoma-Bellevue, Wash.: $107,000

  • Boston-Cambridge-Newton, Mass.-N.H.: $101,125

Source:

ATTOM Data Solutions


Related Links

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Winter Park Area Real Estate Market Report from November 21


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Just Listed: Investment Opportunity in Federal Heights

 
 
 

Wonderful opportunity to own and rent!

Full 3 beds/2 baths, living, dining, kitchen, laundry on main floor. 1,456 finished sq ft. PLUS, separate entrance to fully permitted basement finished 2019: 1 bedroom, 1 bathroom, open living/dining/kitchen, with OPTIONAL 2nd bedroom. 1,456 basement sq ft. 2,912 total square feet. New furnace, water heater, AC, paint, carpet, stainless steel appliances. Parking for 4 vehicles off street. This is a manufactured home on a full basement foundation. You own the land. 1998 Construction. NO HOA. SOLID INVESTMENT.

Listed by Chris George for West + Main Homes. Please contact Chris for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com

Presented by:
Chris George
(720) 478-5501
chris@westandmainhomes.com


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This Weekend: Denver Metro Open Houses for December 10th-12th

 
 

Our agents are hosting Open Houses this weekend all over the Metro Denver. Please reach out to the listing agent for information on times and more information on the listing!

 
 
 
 

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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