Pros of Buying An Airbnb Property in Montreal, Canada

We already know that the chic city of Montreal is widely known for its festivals, culture, history, and gastronomy, So what else is there to know about Montreal? Here are some of the major reasons why you should start  buying a property for Airbnb in this city:

1. Affordable real estate market

Investors will certainly end up being captivated by Montreal’s affordable housing values as its real estate market prices are lower than the majority of big cities in Canada, such as Vancouver or Toronto. In addition, investors can search for different types of properties like townhouses, apartments, or duplexes in popular neighborhoods at an affordable cost.

2. Lively city with many festivals

Montreal is widely known for being a multicultural city with vibrant arts scenes and for this, it hosts many major festivals annually, so many visitors arrive in the city each year. Whether there’s a family visiting the city or a group of friends, there will always be an event to suit their tastes. In addition to this, we should also mention that Montreal welcomes around 8M visitors each year and this amount increases year by year!

3. Low cost of living

Don’t let Montreal’s cosmopolitan atmosphere scare you because this city has a fairly low cost of living! Such as groceries, bills and transportation costs are quite low compared to other major cities.

Cons of Buying A Property in Montreal

Since we discovered the pros of investing in Montreal, let’s discuss some of the cons so you can know what to expect when living in this city. It’s always better to look at the two sides of each coin in order to properly set your expectations.

1. High Taxes

While Montreal’s cost of living is low, the same doesn’t apply to taxes since they are higher than in other cities outside Quebec. However, although taxes are higher, the residents in Montreal enjoy more state benefits!

2. Beware of the weather

Not everything can be rosy and that applies in Montreal’s weather conditions as it can get really cold during winter months with temperatures dropping below zero. In addition to this, rain and are pretty common during winter months as well.

Top reasons for buying an Airbnb property in Niagara Falls

Leaving behind the fact that Niagara Falls offers unique experiences, great waterfall views as well as picturesque landscapes, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Niagara Falls:

1. Outstanding touristic destination

It is nothing new that Niagara Falls is a popular destination with a strong touristic market, right? In fact, this city welcomes around 12M visitors arrivals annually according to the Tourism Industry Association of Canada! This surely will catch the attention of investors who want to cater to tourist accommodations.

2. Good Housing Market

Considering that Niagara Falls is a hot touristic destination, the housing values remain fairly affordable. According to AreaVibes, Niagara Falls housing price is 50% lower than the national average and the median selling price is near C$700K. 

3. Great local infrastructure

As a renowned touristic destination, Niagara Falls doesn’t disappoint when it comes to local infrastructure and its reliability. The city invests a lot in its infrastructure to offer the best of the best to visitors and locals alike.

4. Low cost of living

If you are looking to invest in Niagara Falls, then another important point to consider is the cost of living. Luckily this is another remarkable advantage in Niagara Falls because it has a low cost of living which is 18% lower than the national average. 

What to Expect When Purchasing a Property in Niagara Falls?

Now that we know the pros of investing in Niagara Falls, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

• Tourist everywhere!

While being a hot tourist destination can be an advantage to investors, it can also be a nightmare sometimes because the city is full of tourists all year round, especially on weekends and in areas like Clifton Hill & Fallsview. 

Why Invest a Property in Sevierville?

It’s a given fact that Sevierville offers a stunning view with its privileged location at the foot of the Great Smoky Mountains National Park, but what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in Sevierville:

1. Bustling tourist destination

Being a known tourist destination can play an important role when it comes to investing in the real estate market. Luckily for investors interested in Sevierville, the city is a pretty popular holiday site in Sevier County aside from Gatlinburg. As a matter of fact, the county alone receives around 15M tourist arrivals annually and a great percentage of that visits the cozy city of Sevierville. 

2. Remarkable quality of life 

Overall, Sevierville offers an outstanding quality of life with a low cost of living and an affordable real estate market that will surely catch investors’ interest. According to AreaVibes, the cost of living in Sevierville is 13% lower than the US average while property values are 10% lower (around $350k).

3. Low risk of natural disasters

While there are plenty of cities with eye-catching views of nature, it’s safe to say that property investors will worry about one thing: natural disasters that can damage property. The good news is that in Sevierville, there is a low risk of being threatened by natural disasters such as tornadoes and hurricanes as confirmed by Dwellics.

Expectations When Buying A Property in Sevierville

Aside from the pros of investing in a property in Sevierville, let’s discuss some of the cons so you can know what to expect when living in this fascinating city. It’s always better to look at the two sides of each coin in order to properly set your expectations!

• High crime rate in specific areas

Bad news here, because Sevierville has higher crime statistics compared to other cities in the State, especially if we talk about property crimes. Taking this into account, it will be best to analyze calmly where you want to purchase the property as well as the neighborhood and while you are on it, it would be ideal to also look for a reliable home security system.

Best Neighborhoods for Airbnb in Sevierville

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Sevierville. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Top Reasons for Buying An Airbnb in Trinidad, CO

Trinidad is a popular city in Las Animas county that offers a variety of outdoor activities to travelers while they can also enjoy the stunning landscapes conformed by cliffs and mesas that surround the place. But aside from that, what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in this Trinidad:

1. Affordable real estate market

Trinidad offers an attractive proposition when it comes to its housing market because the selling prices are certainly affordable and appealing! In fact, real estate prices are 52% lower than the Colorado average. According to Realtor, the median house price in Trinidad is $279K and it does up 3.5% year-over-year.

2. Good cost of living

It’s certainly important for investors to consider the cost of living as well as the overall livability when choosing where to invest. Taking this into account, Trinidad certainly sounds attractive as it has a nice cost of living that is 19% lower than other cities in Colorado.

3. Low property taxes

Perhaps, property taxes can be a real headache to some investors, but don’t worry too much about this in Trinidad because they’re low. In fact, Colorado ranks high when it comes to cities with the lowest property taxes with an average effective rate of just 0.48%. 

What to Expect When Purchasing a Property in Trinidad, CO?

Now that we know the advantages of investing in Trinidad, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

• High Crime Rate

Crime problems are something that the majority of cities can’t avoid, especially if the city has great tourist traffic. Unfortunately, we need to mention Trinidad here because its crime rate is 79% higher than the national average according to AreaVibes. However, the good news is that year over year, crime in this city has decreased by 12%.

Best Neighborhoods for Airbnb in Trinidad

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Trinidad. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

Pros of buying an Airbnb Property in Orlando

Orlando is a city where you can find legendary themed parks, but not only that because it also offers entertaining activities linked to ecotourism, top-tier restaurants and unique shops. However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Orlando:

1. Booming local economy and job market

It’s a given fact that tourism is one of the major contributors to Orlando’s local economy, however, we can forget that the city is also known as a business hub. In addition, Orlando also hosts events and its convention industries also rank high as economy contributors. Thanks to this, the city brings both job opportunities and ongoing investments. 

2. Popular tourist destination

Probably one of the first things that come to our minds when we think about Orlando is its fantastic themed parks, right?  Walt Disney World, SeaWorld and Universal Studios are some of the major attractions in this city. Thanks to this, Orlando stands out when it comes to tourist destinations that people love to visit. Based on Visit Orlando Website report, the city welcomes nearly 60M tourists annually! 

3. Livability and low cost of living

Livability and cost of living also play an important role when you are deciding whether you should invest in a city or not and luckily, Orlando offers a great quality of life. The city cost of living is fairly cheaper than most cities in Florida, in fact, it’s 18% lower according to Zumper.

Cons of buying an Airbnb Property in Orlando

Now that we know the pros of investing in Orlando, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. Extreme weather conditions

While Florida generally has warm temperatures throughout the year, this doesn’t mean that it’s not prone to face natural disasters. Albeit Orlando is not located in the coastal area, it’s still threatened by the hurricane season that happens from June-November. Hence, investors can expect harsh winds and heavy rains during these months.

2. Tourists everywhere

Of course, being a popular tourist destination is an advantage for your Airbnb investment, but still moving around may be a little difficult in Orlando. Travelers from around the world arrive in Orland each day to experience its thrilling adventures. So you can expect a lot of traffic and large crowds while managing a listing here.