It's not just the higher price per day that often makes vacation rentals one of the most lucrative forms of real estate investing. There's also another huge and often overlooked element – pricing flexibility. When demand for vacation rentals skyrockets in an area, their prices can be changed with the click of a button, resulting in head-spinning prices per day.
Sometimes, that price hike can be so steep that it makes headlines. While The Cardinal has undoubtedly been one of those, there are others that are capable of following in its footsteps.
Click here to discover the latest cherry-picked vacation rentals.
Investors who managed to snag The Cardinal's shares before they were gone got to split 25k in profit for a single week. The Cardinal is situated in Scottsdale, which happens to be only 20 miles away from Glendale: the site of this year's Super Bowl. As football fans flooded short-term rental websites like Airbnb, prices soared, which explains the immense windfall. However, luck wasn't the only factor behind the sudden cash influx.
The Cardinal has been offered to investors on Arrived, a real estate investment platform attracting those who want to secure passive income through real estate rentals. The real estate professionals behind Arrived conduct extensive analyses of hundreds of markets to pinpoint cream-of-the-crop offerings and present them to its following of 231,000 active investors ready to pounce all over new uploads.
The last batch of these rentals sold out in record time, which is slowly becoming the norm on Arrived. These wipeouts are mainly due to the company's meticulous approach to selecting which properties to showcase; only 0.2% of considered properties ever make it onto the platform.
With such a rigorous selection process, market-beating returns are to be expected, which hasn't escaped a handful of business hall-of-famers. The founder of Amazon Jeff Bezos invested in the company's seed round and series A round, while Arrived has also garnered the trust of Salesforce's Co-CEO Marc Benioff, and Uber's CEO Dara Khosrowshahi.
If you'd like to own shares of cash-flowing vacation rentals, there's still a chance to acquire some with only $100. Click here to secure them before it's too late.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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