Corona, Lime, and Vacation Rentals- What’s Next?

[Account Closed]

With the Corona Virus becoming a household name quicker than Usain Bolt running the 100M it has people quarantined all over world asking questions. I would love to tell you I have the answer- but really- its more of an educated opinion. With the summer months quickly approaching, which is notoriously the slow season for many vacation rentals across the country many are transitioning to a longer-term leasing option- temporarily.

Trust me- I get it- longer term leasing options don’t have the same financial benefits when you compare it to vacation rentals in a hot market. TIMES ARE CHANGING and it is up to us to change right along side or risk behind left in its wake.

Again – I don’t have the answers, but I do know one thing that in almost every situation rings true for an owner, landlord, or investor. An Empty House doesn’t make you money.

Of course, there are some exceptions to the rules there but in reality-if no one is renting that property out- you aren’t getting paid, and neither are the bills. Period.

• Summer is the down season
• Quarantine has all but halted the industry
• Gotta pay the bills

I could go on with this list but frankly I don’t see what more people would be searching for. Corona Virus has hit hard but don’t let it break you- a 6 month lease gives you the freedom to transition back to Vacation Rentals at the end of September as the seasonality of the industry swings back up and hopefully by then we have started to settle back into a more familiar way of living. That is putting the Lime in the Corona and not letting the Corona put us into a Quarantine. 

Everyone please continue to stay safe, wash your hands, and social distance yourself whenever possible. Together we can make a difference.