Real Estate investment in the United States dates back to the early 1800s and folks who have played their cards right have made a wealth of money in that time. Some of America’s wealthiest families attained the majority of their wealth from investing in real estate. In the last 20 years or so, the short term rental industry has exploded to the point where there are specific rules written in certain cities and states regarding short term rentals. Navigating these rules and restrictions can be tricky if you are trying to enter the short term rental space. We build permit friendly shipping containers that make the process as easy as possible. Whether you are looking to place one unit in your backyard or several units on a plot of land outside a major metro area, shipping containers are a premium solution for you.
Quick Turnaround Time and Customization
Here at Bob’s Containers, our build time averages less than a month with our lead time coming in at that range as well. This means in about 2 months you could have your first unit delivered and listed on various short term rental websites like AirBnB and VRBO. For a project like this, keeping your options limited to our base models will help keep your costs low. If we enter the fully custom design space we push the timeline and cost of the project up significantly. Our 20 ft models suit a unit that is small but functional enough to provide a comfortable experience for your guests. Our 40 ft models on the other hand are twice the size and have the potential to be built into a two bedroom unit, like our Elgin Model. This means you could comfortably host a family with one or two children in the unit. Once you have picked out the unit(s) you think would fit the bill, we start looking at market rates and return on investment over time.
Market & Rate Research
There are many tools at your disposal for looking at the potential ROI of a short term rental property. Internally, we utilize AirDNA for data and insights into the cost efficiency of a unit at a certain address. You can use different addresses to see the difference in rental rates in certain areas and change other data points for realistic ROI numbers. You will then take this information and cross reference it with your payment strategy. Whether you are looking to finance your unit(s) with us, a third party financing institution, or pay for your container(s) with cash, you should have all the information you need to understand the potential return on investment with your shipping container AirBnB rental property.