Preferred Partner
DC Landlord Association
DC landlord Partnership
Multi-Family Short-Term Rentals
Long Term Rental Alternatives
Increase NOI through Short-Term Rentals
DC Landlords using Airbnb often earn 30% or higher NOI than long term rentals. DCLandlord.org and Great Dwellings have partnered to provide owners with expert short-term rental information and services. We give you the tools to evaluate the economics of short-term stays in your properties. If you choose short-term? We can help you convert as well as manage them.
DC’s AIRBNB Market is BOOMING
DC’S Airbnb Market is Booming
DC is one of the hottest markets for Airbnb Landlords. Occupancy rates are among the highest in the US. but inventory is limited. Single-family licenses are heavily controlled, but multi-family properties are far easier to license.
Expert Investment Guidance
Making Smart, Informed Decisions
We work closely with our multi-family partners in the planning stage. Exceptional Income and P&L data is available to accurately determine short-term rental economics. Between market analytics and a decade of historical data, Great Dwellings if your best partner for determining success.
Hands Free Investing
Full Service Property Management
Great Dwellings was founded in 2017 to deliver best-practice, full-service STR management for owners and investors. With a focus on revenue generation, customer service and operational excellence, we deliver world-class results. We perform 100% of marketing, maintenance, management and finance. We offer full-service management, or partner with LTR management when there’s a long-term mix. We manage the entire lodging function from marketing to vetting; customer service to guest exits.
Décor Curation
We help manage furniture and furnishing acquisition driving rental success.
Better Performance
We deliver the highest RevPAR and NOI yield in our markets through promotional excellence, stellar guest reviews, and dynamic pricing.
Stellar Guest Experience
Our 5-Star Customer Service teams accommodate all guest needs from pre-trip to return stays
Experience
We know real estate.
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Contact UsOur Management Experience
Hundreds of Millions in assets Under Management Worldwide
- We serve small and large developers, hotel owners, limited partnerships, private equity, family offices, and investors.
- We partner with these groups, serving as their full-service consultant and partner for project planning and design, marketing, property management and all other aspects of Short-Term Rental operations.
We Believe in Hard-Working Professionalism
Continuous Market Optimization
Review Management
When You Win, We Win
Schedule a Call
Learn more or request a free, detailed Earnings Analysis
Case Study
65% NOI increase over Long Term
In 2022, a metro-area MFH real estate investment group converted a six-unit building from long-term to short-term rentals. After a year, they yielded annual net profits that went from $150k to $247k; a 65% increase.
This is the group’s third STR project and it led to value beyond revenue such as lease-up speed and increased building valuation. Projects and applications for STR include commercial conversion, condo conversion, purpose-built projects, and acquisitions.
Case Study Continued
Our Solution: Thoughtful Management and a Re-imagined Listing
After a short discussion with the owner, the Dewl team reviewed the property with a simple question: where can we infuse this property with love? We presented our plan and a quote for a master lease, signed it on March 1, and the rest is history.15 days and $15,000 later, the property was refurnished, redecorated, and totally reimagined. More importantly, it was ready to rent out. In the final two weeks of March, the property rented and generated 90% of our ideal monthly lease rate. In the second month, we garnered over 200% of the monthly lease.The property began to see return on investment (ROI) within six months, with an internal rate of return (IRR) of a staggering 194%.
And we were just getting started.
