How Does Eden Select Our Vacation Rental Properties?
Photo by Merrit Thomas on Unsplash
Eden Homes prioritizes discovering top-tier vacation rental properties to offer you the most profitable and high-yielding options. You might be wondering about our process, how we prioritize rental markets, select our properties, and prepare them to be rental-ready. This article will comprehensively outline each step of this process.
How We Select Our Market
When choosing a market, data is pivotal in our decision-making process. With the expansive growth of platforms like Airbnb, the breadth of available data concerning vacation rental markets has reached unprecedented levels. We have an expansive wealth of data combined with insider knowledge from our locations that form our proprietary selection. We blend numbers and trends with personal insights to create a well-informed and authentic collection. The stats lay the groundwork, but the local know-how adds depth and makes our choices stand out.
Data
We sift through a substantial amount of data to pinpoint the top-performing markets. We start by collecting a wide array of data sources ranging from reports to economic indicators to competitor analyses. We then organize and refine the data further to analyze it, allowing us to select the market that will perform the best for vacation rentals.
Insider Knowledge
Eden's approach relies on specific assets, such as a carefully chosen team of experts from the area whom we are partnered with. This particular resource grants us a profound understanding of various markets, providing an edge in comprehending everything from potential profits to market stability. We prioritize thorough evaluations and delve into backgrounds to shape our strategies and judgments. Our partnership with local experts is vital as they provide firsthand, on-the-ground information inaccessible through conventional means.
Their expertise enables us to monitor markets in real time with intricate insights, empowering us to make informed choices across diverse market landscapes. Through these experts, we are also able to determine which locations in a particular country/city are the best for investment based on a variety of factors such as high-end amenities and convenience.
Council for Estate Agencies (CEA)
Being a CEA estate agent, Eden follows a set of stringent guidelines to ensure professionalism and competence. Under the Estate Agent Act, we need to carry out due diligence and advise consumers on the risks involved in purchasing foreign properties, be covered by Professional Indemnity Insurance (PII), and be knowledgeable and competent to sell foreign properties. This is important to the buyer as these stringent standards serve as a gatekeeper, ensuring that only qualified, competent, and ethically bound professionals enter the realm of estate agencies. The CEA sets rules that ensure agents are well-trained, keep learning, follow ethical guidelines, and have insurance. This builds trust between agents and clients. It creates a safe space for people to work with agents who are skilled, honest, and follow strict ethical rules.
Photo by Scott Graham on Unsplash
Very few deals make the cut
Less than 9% of the properties we analyze clear our bar before presenting for investment.
Data plays a crucial role in our market selection process, especially in the vacation rental sector, where platforms like Airbnb have vastly expanded available information.
Combining extensive data with insider knowledge, we craft a proprietary selection process blending statistics, trends, and personal insights for informed decision-making. Our rigorous approach involves analyzing diverse data sources, from reports to economic indicators, to identify top-performing markets for vacation rentals.
Partnering with a specialized team of local experts grants us deep insights into various markets, aiding in assessing profitability and stability. These partnerships offer real-time, on-the-ground information, allowing us to make informed choices across diverse market landscapes.
Additionally, as a CEA estate agent, Eden adheres to strict guidelines to ensure professionalism and competence, providing consumers with a trustworthy, ethical, and knowledgeable service. These standards establish trust between agents and clients, fostering a safe and skilled environment for property transactions.
Eden Homes aims to offer real estate investors the chance to invest in properties and benefit from both property appreciation and rental income, all without the burdens of locating, upkeep or overseeing a property. Ready to start investing? Get in touch with us today.
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Eden strives to help individuals attain financial freedom and build wealth by investing in vacation rentals, highlighting it as a sustainable income source.
