Despite strict regulations on STRs in the city of Austin, the greater area has a vibrant short term rental industry. Austin is the second fastest-growing U.S. city and there are many jokes about the grand migration from California to the Austin area. The city’s combination of technology hub characteristics, high concentration of venture capital, warm climate, vibrant culture and tier-1 research university offer a lot of appeal, which is one reason Austin has attracted several high-profile Silicon Valley companies like Amazon, Google, and Tesla.
The City of Austin is sometimes known as the Live Music Capital of the World. The city has more than 250 music venues, across all musical genres and hosts the world-renowned SXSW festival and Austin City Limits Music Festival.
Austin is a prime location to own a vacation rental property. However, when you ultimately decide to cash out on your Austin short term rental rental, there are a few important things to consider to ensure a successful airbnb sale.
If you’re looking for a great investment opportunity in the Austin real estate market, you may be considering purchasing a property to use as a full-time vacation rental. With the rising popularity of websites such as Airbnb, VRBO, and homeaway visitors to the Austin area have simpler ways to identify places to stay besides hotels. Furthermore, renting out a property as a short term rental (STR) may be even more lucrative than a traditional long term rental.
In recent years, Austin has continuously ranked as one of the top places to invest in real estate. When assessing a market’s potential, analysts look
