Natural beauty. Access to education. Up-and-coming industries. A great nightlife. These are a few of the reasons that people flock to Scottsdale, Arizona. The self proclaimed “west’s most western town” has become a wonderful place both to live and to visit.

As a result, Scottsdale homes have become sought-after, and Scottsdale’s real estate market has made huge strides in the last few years. The average property value has increased, and so has demand. In fact, the demand for short term, furnished housing is at an all-time high.

If you’re an investor with your eye on the Scottsdale real estate area, this article is for you. Keep reading to learn more about this beautiful, vibrant community and to see if the short-term rental scene in west Arizona is for you.



UNDERSTANDING THE SCOTTSDALE REAL ESTATE MARKET

Scottsdale is located in south central Arizona, right in the heart of Paradise Valley. It’s situated on the eastern side of beautiful Maricopa County. It is also within easy driving distance of Grayhawk, Camelback, and most notably Phoenix, which is about 20 minutes west of the Scottsdale region. Nestled in the McDowell Mountains in the Sonoran Desert, just south of Lomas Verdes, Scottsdale is a beautiful city with incredible views and great hiking trails. The elevation changes by 4,000 feet when traveling from south to north. Its natural beauty has made it a magnet for nature lovers and golfers everywhere. It has also become a serious player in the AZ real estate market.

Scottsdale is bustling, but also intimate, as far as cities are concerned. It is home to about 240,000 residents. The city 

has grown almost 20 percent in the last 20 years

. Also, of the 240,000 people who call Scottsdale home, 

roughly 160,000 of them were born in a state other than Arizona

. In other words, it’s an attractive place to live, even by the standards of those born in other parts of the country.

At 240,000 residents, Scottsdale, AZ might not sound like the biggest or flashiest destination for tourists or homeowners. It’s only a fraction of the size of New York City, and it has a very different urban “mood” than many of its east coast counterparts. But visitors pour into Scottsdale every year for a number of reasons.

One of Scottsdale’s largest draws is its blossoming tech industry. The city is home to big names like GoDaddy and Yelp with strong stakes in their field. Maricopa County is also a strong contender in the realms of construction, retail, oil, gas & mining, entertainment and tourism. It’s home to HonorHealth, General Dynamics Mission Systems, Discount Tire Company, and major tourist attractions like the McCormick-Stillman Railroad Park. In other words, it takes a diverse set of skills to keep the city functioning.

Job growth is promising in Scottsdale – promising enough, in fact, for the city to score a 

 in 2023. Unemployment currently sits at 4.7%, which is below the national average, and job growth is predicted to hit 51.2% in the next ten years. For comparison, the national rate is predicted to grow by 33.5% in that same amount of time. Although the cost of living in Scottsdale is high, the average salary is well above the US average, too. The 

 in Scottsdale is roughly $90,000 per year.


Houses in Scottsdale range from the thousands to the millions, but the average house currently costs about $700,000. The most expensive place to live include the Desert Mountain, Arcadia, Fountain Hills, Gainey Ranch, Troon Village, DC Ranch, Dynamite Foothills, Reata Pass, McDowell Mountain Ranch, Legend Trail, The Boulders, and Old Town areas. With an average house cost of $400,000, Old Town is easily the most affordable neighborhood on this list. In Desert Mountain and Troon Village, just to compare, a home will cost $2 million on average.

Currently, property in Scottsdale, AZ is hovering at about 

 – which is almost double what it was worth in 2020. According to Redfin, the price of a house in Scottsdale

 in April 2023. However, in a post-Covid world, it is still too early to track long-term growth trends – especially where housing is concerned. And since Scottsdale holds a lot of clout as a great place to live AND to visit, all signs point to it becoming a more vibrant, desirable destination in the years to come.

In other words, the value of Scottsdale real estate is very likely going to rise again in the near future. The small “dip” in 2023 makes this season a great time for real estate investors to ‘cash in’ on Scottsdale short-term rental opportunities.

Since Maricopa County is home to big industries, great sights, and opulent neighborhoods, it should be no surprise that Scottsdale real estate can reach into the millions of dollars. The city is home to beautiful mansions – properties of 4,000 to 7,000 sqft — and the mansion-heavy neighborhoods offer some pretty awesome amenities.

For example, the exclusive Desert Mountain neighborhood is home to gorgeous gated communities, villas, mansions, golf courses, clubhouses, hiking trails, restaurants, and other amenities – all built and operated with the neighborhood in mind.

This is common in D.C. Ranch, Troon North, Gainey Ranch, McCormick Ranch, and Paradise Valley as well. Entertainment, golf, dining, and leisure are built into the very neighborhoods.

That being said, not every house in Scottsdale is a mansion. The city is equipped to fit a wide array of housing needs, even in its most exclusive neighborhoods. Scottsdale residents will find apartments, condominiums, single-family homes, townhomes, and even waterfront homes for sale – typically starting in the $400,000 range.


Are These Neighborhoods a Good Fit For You?

Scottsdale has a lot to offer, and it draws residents and guests from around the USA for good reason. But how can someone know if it’s the right fit for his or her individual situation?

For starters, think budget. Knowing what you can afford to invest will help dictate whether a certain area is a good match for you. D.C. Ranch is home to expensive single-family Scottsdale homes, but it also offers many affordable options such as townhouses at much lower prices – all with the same access to the local amenities that a mansion-dweller would have.

Location is also a factor to consider. Paradise Valley is beautiful, exciting, and full of growth – but it’s actually a city in between Scottsdale and Phoenix. If your job is in the heart of Scottsdale, you might want to find a neighborhood that is better suited to your commute, avoiding areas like Paradise Valley or Pinnacle Peak.

You should also consider how much you want to prioritize getting to know the neighbors. For example, all Gainey Ranch residents are given membership to the Daniel C. Gainey Estate Club – a place just for homeowners that lets you mingle with the people in your neighborhood. If you value your privacy, or just want a little distance, you might opt for a neighborhood that is not gated, or does not make connecting its residents a high priority.


At this point, it is probably pretty clear that the cost of living in Scottsdale is higher than the national average. Scottsdale homes are sold at impressively high values, bringing high taxes with them into the picture. However, it also provides a pretty high quality of life for its guests and residents. Amenities are well-kept, opportunities are vast, and the area is very safe. The violent crime rate in Scottsdale is 

 – which is incredibly low. The neighboring city of Phoenix’s violent crime rate is twice as high.

Scottsdale is also one of the top six cities in Arizona for “shortest commute” rankings. A Monday morning commute can easily make or break the week for many. Easy access to local stores, parks, and business offices is yet another perk of living in Scottsdale, and it adds a lot of value to the overall quality of living there.At the end of the day, home value and list price will always be measured in numbers — but as any homeowner can tell you, quality of life is a value that goes far beyond the calculator and shows up in the comings and goings of daily life.

Scottsdale Silverado Golf Club Aerial View

, a great spot is near Scottsdale Silverado Golf Club. This popular attraction draws thousands of golfers every year, and it is a prime hub for someone seeking to find consistent tenants for a short-term apartment. Continental Golf Club and Rolling Hills Golf Course are two other big draws in the Scottsdale area.

Waterfront properties also make great spots for short-term luxury homes. Look into areas like Chaparral Lake, Tempe Town Bay and Najahli Bay. These spots are ideal for boaters and watersports enthusiasts looking to have a good time in the Arizona sun.

One of Scottsdale’s “secret strengths” is a great lineup of museums. Western Spirit: Scottsdale’s Museum of the West celebrates the spirit of the American West through art, history, and cultural exhibitions. The Musical Instrument Museum hosts a robust collection of instruments – over 5,000 – from all over the world, and is easily paired with a visit to the Scottsdale Museum of Contemporary Art. Between cultural opportunities and the nightlife in places like Old Town Scottsdale, investors have some great locations to choose from!


Why is Investing in Scottsdale Real Estate a smart move?

Short-term housing has become a popular alternative to the traditional hotel model – and not just for vacationers. The internet era has made it possible for work, play, and connection to happen remotely, leading more and more people to book short-term stays in destinations that offer them good opportunities.

For out-of-town vacationers, Scottsdale is a fantastic place to try new foods, get out in nature, and see impressive artistic and architectural landmarks. Scottsdale is a popular stop for golf enthusiasts, and almost every day is sunny. 

Almost half of Scottsdale land is designated as “open space,”

 so the town has no shortage of great places to hike, fish, or catch a sunset. Scottsdale is also home to family-friendly zoos, museums, and a host of other attractions.

It is probably no surprise that many of the “tourist draws” are also reasons that people decide to live in Scottsdale. In addition to all the amenities that make a great vacation, Scottsdale boasts a solid economy and lots of job opportunities. The tech industry is strong in Scottsdale and includes big names like GoDaddy and Yelp. Since tech is a sector of the workforce that gets bigger and more important almost every week, that means that many of the jobs in the Scottsdale area are great opportunities with a reasonable level of stability.

All of these reasons make the Scottsdale housing market a promising resource for investors seeking real estate. The city is close to great entertainment outlets, strong workforce pillars, and even highly-ranked universities and educational centers. In 2021, 

 ranked Scottsdale, AZ as one of the 100 best places to live in the United States.

Since Scottsdale is such a common meeting point for industries, education, families, tourists and entertainers, it tends to draw almost as many migrant visitors as it does permanent residents. As more outsiders start to recognize Scottsdale’s many strengths, western Arizona will become more and more appealing to visitors, not just homeowners. Investors have noticed this, and they are beginning to pay more serious attention to the opportunities waiting in Scottsdale for short-term rental property owners.

Right now, Scottsdale sits on the edge of another season of steady economic growth. As such, the odds are very high that property purchased in Scottsdale will appreciate steadily in the near future.

Azure Cove Vacation Rental Property by Rove Travel, located in Scottsdale Arizona. Backyard photo with grill, lounger set, swings, and putting green.

How can an investor make his or her short term rental stand out in a city full of vacation homes?

For starters, make sure you understand the amenities that appeal to tourists. At the moment, larger sized homes (those with three, four, or even five bedrooms) are doing very well in the Scottsdale rental game. Renters are also drawn to properties with fun, high-qualities amenities. Great examples of this are heated pools, mini golf course access, and movie theaters (either in home or on property). 

 partners with its investors to curate a living space experience that is fun, fresh, luxurious, and efficient for both the renter and the owner.

With the right consultant, your short-term rental property will have the extra features it needs to stand out in an online listing. At the moment, there is a little bit of oversaturation in the market. However, with the right assets and a good property management company like 

 at your disposal, there are still plenty of ways to succeed and stand out from other properties.

A smart investor expects to face challenges and risks in the process of opening a short-term rental. In the right hands, challenges and risks do not need to become dealbreakers. The best first step is to cultivate awareness – to understand what might make the path to opening a rental difficult or risky.

One of the biggest challenges that Scottsdale property investors face is seasonal fluctuations in the housing market. The busy season in Scottsdale is typically November through May, when it is a little cooler. Scottsdale is 

 sunny, but the heat is more intense in the June-October months. Some rental property owners struggle to find tenants during the summer and fall “off season.”

Right now, the competition for real estate investors is also pretty high, at least when it comes to desirable properties. The short-term rental market is growing all across the United States, challenging the traditional hotel or short-stay model, and places like Scottsdale with great vacation appeal are hot on many investors’ radars. Potential investors need to understand that Scottsdale real estate sells quickly at high prices, so finding and procuring the property of your dreams might take a little time.

Finally, there are some limitations on property development in Scottsdale. There are township rules that dictate distances from the street, parameters on windows and balconies, and zoning laws that might impact an investor’s personal hopes and plans. An investor with an eye on Scottsdale should take the time to study the local property development laws before purchasing real estate – that way, there are no nasty surprises along the way.

If you’re serious about buying real estate in Scottsdale, the easiest way to get started is to find a qualified real estate agent. There are many nuances involved in closing on a home and getting it inspected. And if you’re an investor who is not from Arizona originally, you might find that the housing market in your own state is different than the one in, say, north Scottsdale.

Partner with a realtor who is trustworthy, creative, licensed, and industry-savvy – someone connected to a real estate brokerage (or other service) who can help you navigate the Maricopa County properties available. A great way to start that is to 

connect with Rove Travel through our marketplace

, which is an up-to-date listing of Scottsdale properties run by trustworthy real estate experts.

That agent will prove invaluable as you navigate open houses, listing information, and other processes. Someone with a localized knowledge of Scottsdale can support you in the negotiation phase, keep you posted on prospective properties, and provide the local connections you need as you walk through closing and inspection. They can also help you discern between list price and actual value of a home. For more information, or to peruse a great starting resource, check out

The year-round sunshine isn’t Scottsdale’s only selling point. From its beautiful landscapes and great museums to its vibrant culture and pristine golf courses, this western gem has cemented itself as a great place to live, vacation, and invest.

Investors with their eyes on Scottsdale should take a step towards obtaining property soon. The city is a buyer’s market at the moment, but it won’t be forever. Soon, property values will rise and Scottsdale will become an even more competitive market than it is currently.

If you are a potential homebuyer who wants to buy property in Scottsdale, you can start taking steps towards your goal today. Check out 

 to get started, see prospective properties, and connect with an expert.

The world of corporate­ housing, a profitable slice of the re­ntal market, can be pretty intricate­. Dive into our pieces on "

Finding the Pe­rfect Corporate Housing in NYC

" that unravels tactics from one­ of the most bustling cities for corporate wande­rers. This resourceful guide­ will enlighten your strategy to appe­al to business clients in Scottsdale. 

Getting a grip on luxury re­ntal dynamics can really bolster your investme­nt approach. Our study titled "

The Future of Fully-Furnishe­d Luxury Rentals in NYC

" offers key insights which you can apply to high-e­nd properties in Scottsdale. Afte­r all, there's a growing appetite­ for luxury experience­s there.

Discover the opportunities in Scottsdale real estate market. Learn about the cost of investing, rental potential, and rules for short-term rentals in this comprehensive guide.

Exploring Scottsdale Real Estate: A Guide for Investors

Uncovering the Hidden Gems of Scottsdale Real Estate: A Guide for Potential Homebuyers and Investors

UNDERSTANDING THE WEST PALM BEACH REAL ESTATE MARKET

What Does This Mean For Short-Term Rental Investors?

WHAT ARE THE RULES FOR INVESTING IN WEST PALM SPRINGS, FL? 

Risks and Rewards of Investing in a Short-Term Rental Property

West Palm Beach, Florida is a colorful, lively and popular hub for work and play on the southern east coast of the United States – and how you feel about it might depend on your reasons for visiting. A high school or college student might hear “West Palm Beach” and envision a spring break destination. A working artist might hear “West Palm Beach” and see a vibrant community of up-and-coming artisans. For those who have a desire to invest in homes for sale, however, “West Palm Beach” should be a name that stands out in a special way.

Between an innovative workforce and a demand for tourist housing that lasts all year long, West Palm Beach is becoming a very competitive, attractive place for investors. Palm Beach County has always been a hotspot for guests, but in recent years, the number of visitors has skyrocketed. So has the demand for short-term housing.

As a potential investor, location matters. It’s important to feel secure in the city that you choose to enter as a homeowner. West Palm Beach is a fantastic fit for many first-time renters. Keep reading to see if it might be a good fit for you.


West Palm Beach is located on the southeastern tip of Florida, about an hour north of Fort Lauderdale and three hours southeast of Orlando. It’s a town with “waterfront appeal” – many of the town’s hotels and apartments are built within walking distance of its famous beaches.

, there are 117,500 people living in West Palm Beach, Florida in 2023. Since the city covers about 58 miles, that gives it a population density of 2,184 people per square mile. It’s less densely populated than New York, but just as big of a draw for many people looking to have a good time.

 lists the median family income in Palm Beach County as $68,874, which is almost $30,000 higher than the national average.

Florida is full of stereotypes, and West Palm Beach is no exception. Between crazy “Florida Man” headlines, jokes about snowbirds moving south, and the spring break antics of high school and college students, this city is often dismissed as a place where the extremes go to play golf, retire, or party.

However, that is not the full picture. West Palm Beach is home to luxurious tourist locations, historic points of interest, a growing space for working artists, and even long-term residential neighborhoods. The city is also home to beautifully-preserved old mansions, some right on the waterfront, that have been carefully preserved.

Certain regions, such as the northwestern district of West Palm Beach, are higher in crime and are not ideal for investors to choose. However, some of the city’s most appealing areas are neighborhoods that give guests access to the beaches, downtown, and parts of the city’s rich history.

Here are a few of the most popular neighborhoods in West Palm Beach:

Flamingo Park. This neighborhood is known for beautiful architecture and its great location. Residents of Flamingo Park are a short drive away from downtown West Palm Beach (a hotspot for shopping, eating out, and nightlife) and the beaches.

El Cid. A highly affluent area, homes in the El Cid community often sell in the millions. This district is known for great schools, comfortable family life, impressive architecture, and its proximity to Flamingo Park.

Southend. This neighborhood, also nicknamed SOSO, is a versatile spot for homeowners. It boasts everything from modestly priced single family homes to opulent waterfront mansions.

Prospect Park. This is one of the most historic neighborhoods in West Palm Beach, Florida. Properties are not only beautiful, but often include larger plots of land than other parts of West Palm Beach County. It is less densely populated, which means houses often sell at higher prices.

Lands of the President. For avid golfers moving to West Palm Beach, this neighborhood provides privacy and great access to some of the region’s finest golf courses. It is a gated community with a great reputation. It also boasts a variety of housing options, including high rises, single family homes, and condos.

Northwood. This neighborhood is a hybrid of history, urban progress, nightlife, and quiet areas. It is about 100 years old and has similar “bones” to Flamingo Park and El Cid, but it offers an array of house types for buyers in the $400,000 to $3,000,000 zones.

Grandview Heights. For buyers looking for low-price areas with high return, Grandview Heights might be the most appealing neighborhood on this list. In 1999, Grandview Heights was admitted to the National Register of Historic Places. It is close to Downtown West Palm Beach and the waterfront, and homes begin in the $300,000s. Price factors can include sqft and distance to amenities.

Since tourists visit Palm Beach County for many reasons, the most successful type of investment property in 

West Palm Beach neighborhood is a short-term rental. The city has “peak seasons” for guests who want to visit the beach, but it also boasts many tourist attractions that draw visitors all year long.

For instance, the beaches tend to attract tourists in the spring and summer (April through September). However, downtown West Palm Beach is home to nationally-ranked art museums, zoos, Palm Beach gardens, concert venues, and nightclubs – so there are lots of reasons for people of all ages to visit in the “off seasons” as well.

Real estate in West Palm Beach ranges from reasonably-priced to high society, meaning that investors with many different budgets can be successful there. And short-term rentals in a neighborhood with a heavy tourist component give the homeowner unique control over their calendar, rental rates, and relationships with their tenants.

Many of the guests who need short-term rentals are in Florida for vacations, but not every guest wants the 

of vacation that we stereotypically associate with southeast Florida. Because of that rental properties can find great success in almost any part of West Palm Beach.


On average, a home in West Palm Beach costs about $400,000. Again, since the city has everything from modest condos and single-family homes to elaborate historic mansions, the median tends to settle a little higher than the U.S. average.

The cost of living in West Palm Beach is also high – almost 90 percent higher than living in the rest of the state. For that reason, it is a very popular place to visit, but not often a place where people choose to live long-term. That makes short-term rentals a very strong presence in the West Palm Beach housing market.

Housing is also a hot commodity in West Palm Beach at the moment – and that does not seem to be changing any time soon. A February 2023 article stated that 

Palm Beach County homes went up by almost 25 percent in value this year

, and that trend looks like it will continue. West Palm Beach in particular saw a rise in prices and decline in the number of houses sold. 

Palm Beach real estate is expensive because it’s an attractive place to live and vacation, but doesn’t have enough housing to meet demand. The island is full of activity, but it’s quite small. That means that many people want to stay, but there are very few places to put them. This, in turn, hikes up the cost of purchasing a house.

According to an article published in February 2023, long-term home sales in Palm Beach County 

. The number of homes sold in January 2023 dropped  over 30 percent, compared to sales in January 2022. In that same window of time, the average cost of a house in Palm Beach County 

The current metrics suggest that the average cost of real estate in Palm Beach County will not decline any time soon. The West Palm Beach region is experiencing many of the same pains that we see in the nation-wide housing market.

The last year in West Palm Beach has not been easy for many homeowners looking to sell. However, for someone looking to enter the short-term rental arena, the current climate is actually a great situation. Palm Beach 

 – a record breaking year for the area. In other words, the long-term housing market has suffered, but more people than ever before are coming to West Palm Beach for short-term vacation stays.

The short-term investor has a strong upper hand in the West Palm Beach real estate market. Purchasing a home for short-term rental is not only a strong business move, but a fairly low-risk move. As West Palm Beach becomes a more and more attractive tourist destination, the need for short-term housing will only grow. Short-term rentals not only provide security for the investor, but they meet an ongoing need for the city’s tourist community – a population that literally keeps the rest of the city in business.

Where Should I Purchase My Short-Term Rental Property?

The list earlier in this article is not exhaustive, but it does target seven West Palm Beach hotspots that seem to draw visitors all year long. Investors should consider location first. If your plan is to target beach-bound families, a short-term rental right on the island is probably a smart place to land. If you are seeking to attract young adults with an interest in nightlife, something closer to Flamingo Park or Grandview Heights might be wise – both of these areas are short driving distances from Downtown West Palm Beach and the waterfront.

Here are a few other factors to consider when choosing the location of your investment property:

The northwest district of West Palm Beach has the highest crime rate. Consider looking for an investment property closer to Downtown West Palm Beach or the beaches on its east coast. You might also want to think about the driving distance to other popular South Florida spots, like Riviera Beach, Lake Park, Wellington, Miami, Boynton Beach, Royal Palm Beach or Fort Lauderdale.

 If your property is on the island with a waterfront view, the renter probably isn’t too concerned about travel. However, many of West Palm Beach’s main draws do require a vehicle to reach. Does your short-term rental come with some form of transportation? If not, is it close to a business that rents bikes or cars? Is there a bus station nearby? You can also consider proximity to amenities like a country club.

Many of the short-term jobs available in West Palm Beach are tourist-driven. Places like hotels, restaurants, and entertainment centers get especially busy in the summer months. Research the job market in your investment property’s area. It will give you many clues about wise places to find tenants.

If you are going to invest in a short-term rental, it is very important to do your homework. Make sure you know the local government’s rules and regulations regarding realty. Realtors can be a huge help on this front!


WHAT ARE THE RULES FOR INVESTING IN WEST PALM SPRINGS, FL?

All short-term rental properties are subject to a local business tax, which starts with a rental license application. More information about the tax and license can be found on 

There are also guidelines for the property’s interior and exterior that must be obeyed for the property to keep its license. Most of these regulations are to protect the health and safety of a short-term tenant. For instance, every window needs to have a window screen, and the property cannot show signs of an insect or rodent problem.

In some cases, occupancy limits and vehicle limits might also apply to homes for sale. Those will vary based on the type of home and the nature of the rental property. Investors also need to be savvy when it comes to local rules, such as HOA agreements, that might impact their property in some way.

Based on West Palm Beach guidelines, there are three main types of residences that can be registered as short-term rentals with licenses.

. This is a single-family home, multi-family home, townhouse or duplex that is shared by the owner and the short-term tenant. This can happen two ways, for FL real estate: the owner can live elsewhere, but claim ownership and residency of the property for some of the year, or the short-term tenant can live on property while the owner is home. For the second situation to work, the owner must prove that the tenant has one full bedroom as private space and at least one shared bathroom.

The second kind of housing that qualifies is a 

. This is a single-family home or townhome that the owner does not live in and has no residential claim on. The short-term tenant has access to the full unit, and there are no other parties present while the short-term tenant is living there.

. This kind of property is typically an apartment or smaller unit in a multi-family building. The owner again does not have residency, and there is never a scenario where the tenant and owner would live there at the same time. The tenant has full access to the entire unit during his or her stay.

Every investment comes with its challenges and rewards. As a disclaimer, here are the most common 

 that an investor might face when purchasing FL real estate in West Palm Beach:

Market fluctuations and changes in demand. 

The past two years of housing, nationwide, have been volatile. Market trends can change on a dime. What favors the buyer today might favor the seller tomorrow, and vice versa. Crisis can also impact tourism. A great recent example of that is the 2020 pandemic.

The most recent example of this would be the Recession of 2008 – a situation that housing played a key part in. If the economy does poorly, one of the first things to go for many households is vacation. Tourist towns like West Palm Beach tend to suffer when the overall economy suffers.

Every house requires a certain level of upkeep, but short-term rentals often need it more because so many people are coming and going. It’s a space that gets used intensely in short bursts of time. Also, you need to consider the potential for natural disasters in a place like southeastern Florida. If a hurricane blows through, that could result in a costly repair bill for your new construction. 

Applications and renewals often have fees attached to them. If Palm Beach County decides to update its bylaws, that could result in new charges for realty. The township can also make changes that impact a short-term renter’s clientele. For instance, if a law is passed that changes the capacity limit on a single-family home of a certain square feet, that could impact who is interested in your property and how much you charge them to stay.

 experience. Here are a few ways that a short-term rental owner might benefit from deciding to enter the market: 

Potential for Appreciation and High Return. 

Real estate, even in a bad year, is often a good investment. It holds value and appreciates with time. The selling price down the road is almost always higher than what you paid for it.

Again, West Palm Beach is a tourist area. Most short-term renters are prepared to pay a high price for a good experience. If your property is in a strategic location and caters to a vacation mindset, you can more or less name your price and find success. Once you have made your initial purchase, the property is a hard asset.

Diversification of Investment Portfolio. 

Real estate is an attractive asset to have in your corner. Again, there will always be some risk involved, but there is also a pleasantly high change that it will be of economic benefit to you.

Ability to Enjoy the Area’s Lifestyle and Amenities. 

Remember, it’s your property first – even if you choose to rent it out for most of the year! You now own an attractive home in a prime location. For short-term rental property owners in West Palm Beach, that means you get to enjoy the beaches, shopping, nightlife and culture without doing what your clients do: paying to stay. In fact, the rental business funds your own visits to West Palm Beach!

For many investors, the first step is to find a trustworthy real estate agent or brokerage. There may be Palm Beach homes for sale that you don’t know how to find. Get someone in your corner who knows the area, understands what properties are worth, knows where to find current real estate listings, and will walk you through the process with honesty and support. 

has great resources available to help Florida investors get started.

Make sure you understand your financing options. Make sure you understand the difference between conventional, private, hard money and government-backed loans. Realtors will be able to walk you through the differences if you don’t know already.

Lastly, you need to find someone who can help you strategize. Consider attending open houses in the area or taking a virtual tour of new listings in the neighborhood that interests you. Be sure to consider the pros and cons of buying a new construction versus an older property, and who knows the ins and outs of consumer protection. Rove Travel

 has a history of helping investors navigate short-term rental ownership in Florida

. Get someone in your corner who can help you network, research, and make smart professional decisions in the Palm Beach county Region.

West Palm Beach is an exciting area with strong appeal. It’s also a great fit for investors who want to join the ever-growing ranks of short-term property rentals. If you’re ready to take your first steps towards owning a short term rental in West Palm Beach, 

 is here to help. Check us out to get started today.

The charm of Naples' real estate market captures the essence of Florida's lucrative investment opportunities. Explore our comprehensive 

guide on navigating the Naples, Florida real estate market

 for in-depth insights into what makes this coastal haven a prime choice for discerning investors and homebuyers considering short-term rental investments. Moreover, the vibrant real estate market of Miami has its unique set of opportunities and challenges; delve into our 

 to explore the prospects in this dynamic region. If you're interesting in learning about the larger Florida market, our 

guide on navigating the short term rental ownership in Florida

 offers a comprehensive overview to inform your investment decisions. 

 While exploring investment opportunities in Florida, broadening your horizons to other lucrative markets can offer a diversified investment portfolio. Uncover the potential of the Scottsdale real estate market in our blog on 

the hidden gems of Scottsdale real estate

 Luxury furnished rentals are carving a niche in the housing market, offering a blend of comfort, convenience, and luxury. Understand why 

 and how this trend correlates with the short-term rental market in Florida.

Discover the opportunities in West Palm Beach real estate market. Learn about the cost of investing, rental potential, and rules for short-term rentals in this comprehensive guide.

Exploring West Palm Beach Real Estate: A Guide for Investors

Exploring the Opportunities in West Palm Beach Real Estate: A Guide for Potential Investors

What Type of Property Should I Invest In?

What should my fully-furnished luxury apartment have in it?

What does a typical rental agreement look like?

How fully-furnished luxury rentals impact investors

Upscale, fully-furnished rentals in NYC are the future

In early 2022, New York City introduced new restrictions on short-term housing. The ban was mostly meant to fix a problem -- NYC officials were trying to bring order to a chaotic part of the city’s housing market -- but it also forced the Big Apple to change its housing strategies.

 have stepped in to fill the gap. This new, convenient housing option 

 in many neighborhoods, and it is a great choice for those who miss the city’s more traditional short-term rental options.

If you are an investor, now is a good time to buy a

. Here’s a quick overview of the market -- and a few ways to customize your experience.
 

What’s an upscale, fully furnished rental?

By definition, an upscale furnished apartment is a living space that provides every amenity that the tenant needs to live comfortably for a short period of time. 

 properties, for example, are beautifully designed homes that provide modern comforts (most are even pet-friendly)  as well as remote-work features, such as modern workstations with monitors and keyboards. Because of city laws, luxury furnished apartments must be rented for a minimum of 30 days. 


Why live in a luxury, fully-furnished apartment?

have already been a great option for years. The city happens to be made up of businesses and lifestyles that rely on things like convenience, flexibility, and personalization -- three things that the luxury apartment model does well by nature.

Upscale, fully-furnished rental apartments make work, life, and leisure convenient for “nomad workers.” The 2020 pandemic made many businesses think outside the box -- and that means that today, a record number of employees are working from home.

For many professionals, it does not make sense to move every single “comfort of home” across the country for a three-month contract. However, three months is a long time to feel like you’re living in a hotel. Upscale short-term luxury homes bridge that gap. They let short-term renters experience the comforts of home without having to move their own homes.

 are also custom-made. While most NYC apartment complexes are built to service hundreds of tenants, the luxury apartment model is more unique. An investor might manage a small handful of properties instead of dozens. Because of this, there is often a more 

personal tenant-to-owner relationship in short-term luxury rental situations.

Upscale furnished apartments are better than a basic furnished unit because they are more likely to meet a variety of renters’ needs. New York City is a hotbed for industry, but it is also a popular tourist destination. A luxury apartment is versatile -- it can pamper a work-minded tenant, and it can create special memories for a leisure-minded tenant.

All in all, luxury rentals are a great investment -- and since NYC is so rich in industry, history and entertainment, there is truly no bad place to create one. 

 properties can be found in Manhattan and Brooklyn, Upper East Side, Midtown West, Chelsea, Flatiron, Gramercy, Tribeca, Wall Street, Union Square, Soho, West Village, East Village, Greenwich Village, and Williamsburg.

What kind of property should I invest in?

There are several different types of properties available to renters in New York City. If you would like to invest in a fully-furnished luxury apartment, you will have no trouble finding a property type that fits your ideal.

One of the best options to many renters is a single-family property. Brownstones, or townhomes, are freestanding residential buildings, often with one to four bedrooms, arranged in a row-home style along a residential street.Although they are not always easy to find in NYC, they are popular with renters because they offer the tenant privacy and independence. They also make great vacation rentals in NYC -- especially if the person on vacation is hosting a family or seeking a little privacy.

 -- buildings divided to host multiple families -- are a great secondary option for those seeking privacy. Typically, the tenants share a wall with another tenant, but there is still personal space and a less crowded building.  Duplexes are a great example of this housing type -- they allow the owner to double his income while still giving his tenants the gift of privacy.

. These are what most people think of when they envision a New York City Apartment -- high-rise buildings filled with many units, each rented by a different tenant. Because condos serve so many people, the living spaces are often smaller than single or muti-family homes. The condo lifestyle is great for “work nomads,” contractors on short-term projects, or tourists. They also open a world of possibilities for the investor..

. A co-op is technically a nonprofit corporation -- a building that is jointly owned by multiple inhabitants.

, there is also great potential in the “pied a terre” market. Pied a terre is a French term meaning “a foot on the ground.” It often refers to a person who owns property in New York City, but has a permanent address in another city, or even another state. In many cases, pied a terre properties end up being used as vacation homes a few times a year. They can also be rented out to others in the owner’s absence. 

Pied a terre living is a great way for an investor to remain connected to their property while maximizing revenue on it. They can share it with renters for a portion of the year, but still retain the property for their own business or leisure.


A fully-furnished luxury rental includes many of the staples of any modern home -- things like couches, tables, lamps, dining space, and a bedframe. However, it typically pays attention to aesthetic and quality when choosing these items. An upscale short-term rental should also think ahead, anticipating the “finer” needs of its tenant. What would a pet need to feel at home? Is there access to a swimming pool? If it’s a two-bedroom or three-bedroom apartment, is there space for a children’s playroom? What office supplies would a work-from-home tenant find useful? Are there ways to make life more convenient for a commuter? (For example, 

 tenants have access to a 24/7 concierge team, workstations with ergonomic chairs and standing desks, and high-speed internet.) 

Do not underestimate the importance of luxury amenities. These details are small, and they often take a little more time and effort to add to a living space, but the payoff is great -- not only for the tenant, but for the homeowner.


Thanks to a few legal changes earlier this year, short-term rentals in NYC must be signed for a minimum of 30 days. Depending on the location, a NYC apartment can be rented for anywhere from

However, the numbers increase when the property is a 

Upscale, fully-furnished short-term rentals in NYC are becoming increasingly popular. Read on to learn more about investing in luxury apartments in the Big Apple.