But one Estonia-based company says its unique product could provide rental owners with both a simple setup and permitting process and a higher nightly rate.
ÖÖD
ÖÖD builds offices, saunas, and its signature tiny homes that can double as short-term rentals.
The Estonian company's tiny homes have already been on the market for some time now.
ÖÖD
But it recently launched a chassis with wheels that can be attached to these mirrored homes. This simple chassis speeds up some permitting requirements and therefore, the time it takes to deploy one of the homes, the company says.
People looking for backyard accessory dwelling units (ADUs) for personal use could purchase one of ÖÖD's tiny homes.
ÖÖD
But Robin Boehringer, the company's chairman, told Insider in February that he envisions a future where ÖÖD will work more closely with hospitality companies and rental operators.
ÖÖD
Its units are already scattered around the world from the US to the Netherlands.
Sarah and Michael Vestal, @venturingvestals
And some of its tiny homes in California and Vermont are currently being used as short-term rentals on platforms like Airbnb.
ÖÖD
The four tiny homes on the West Coast are seeing an average occupancy rate of 74% …
Sarah and Michael Vestal, @venturingvestals
… while the one in Vermont is occupied about 95% of the time and books out about four months in advance, ÖÖD says.
During its peak season, the home will go for $500 a night.
ÖÖD
In December 2022, the California units were booked for an average of $524 a night while hitting a 30% occupancy rate, the Estonian company told Insider in February.
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