Updated over 9 years ago on . Most recent reply
Vacation Rentals
Just listened to Show 57 with Matt Landau. It's an older podcast, but I trying to get through all the older ones. It was a great show about marketing vacation rentals and how to be the best in your market, but there weren't any numbers.
Who out there has vacation rentals and what kind of numbers are you looking at in your area? Purchase Price, Rehab, Furnishing the house, Expenses, and Nightly rates/ occupancy levels.
Most Popular Reply
Vacation Rentals changed dramatically based on your location, the size of the home, the amenities associated, and the management company that is handling your property.
The main problem with vacation rentals are that they only have an average occupancy rate of 90 to 120 days. If you want them to perform the best, you want to make them larger. The more bedrooms and bathroom you have, the better the property will perform.
If you'd like to get a rough idea about your area, you can always look at airdna.co they put together a lot of data from airbnb. They have estimated revenues, seasonality, occupancy rates, etc.