{"id":1043,"date":"2021-10-05T17:57:38","date_gmt":"2021-10-05T17:57:38","guid":{"rendered":"https:\/\/blog.ark7.com\/?p=1043"},"modified":"2023-07-07T17:44:47","modified_gmt":"2023-07-07T17:44:47","slug":"short-term-rental-philly","status":"publish","type":"post","link":"https:\/\/ark7.com\/blog\/articles\/short-term-rental-philly\/","title":{"rendered":"Our First Short-Term Rental Property in Philly"},"content":{"rendered":"
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After collecting feedback about users\u2019 wants and needs, we\u2019re excited to announce a<\/span> new investment property in Philadelphia, Pennsylvania that is both short-term rental and a value-added property<\/b>. <\/span><\/p>\n

Why Philly?<\/h2>\n

Other than being a hub of history and culture and is the second-largest city on the East Coast, Philadelphia is a city where the supply of homes is limited, the demand is wildly high, and the interest rates are low. Also known as a<\/span> \u201ccity of firsts\u201d,<\/b> such as the creation of the first newspaper in the U.S. and becoming the country\u2019s first industrial center, this city will now be the home of our first value-added, short-term rental property.<\/span><\/p>\n

What makes the Philadelphia rental property unique<\/h2>\n

Airbnb Demand<\/b><\/h3>\n

Philadelphia City Council <\/span>passed<\/span><\/a> new rules on real estate intended for Airbnb properties, setting a higher standard. Airbnb\u2019d homes must have a commercial activity and rental license and be correctly zoned for short-term rentals. Fortunately, all of our Ark7 properties have met those requirements and can be offered as a short-term rental property in accordance with city law. This means that fewer homes will meet the requirements, the Philly market pool will be smaller, and our property can be more desirable.\u00a0<\/span><\/p>\n

Ark7\u2019s excellence in fractional real estate investing paired with Airbnb\u2019s ease of renting is great for both renter and investor. Over 800 million people have already stayed at Airbnbs, and there are always more people looking to book. Airbnb is a user-friendly rental platform that allows for efficient booking, support and communication for renters. With Ark7 managing guests and bookings, and Airbnb managing relations, investors like yourself can receive monthly dividends from each short-term rental investment.\u00a0<\/span><\/p>\n

Not only will our local partner use Airbnb, but they will also use a multitude of other booking and travel websites to capitalize on short-term rentals. Our professional team is skilled in handling management and can offer confidence in stable returns. <\/span><\/p>\n

Value-Added Upgrades<\/b><\/h3>\n