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Updated over 4 years ago,
Management company vs personal management for overnight rental
Hello all. I hope everyone is staying healthy! I am in the medical field, so I am not as educated in the real estate area as you all. I am in process of building a vacation home/investment property in Gatlinburg, TN. The property will be in an overnight rental. My question is if I manage it myself, what are the best vacation rental platforms/sites to use (VRBO, airbnb, etc), and how many platforms to list my home on? Can I just list it on VRBO and be OK with occupancy rates? Should I have a rental company manage it and rent it initially till I learn how to do it myself? I am unsure if I should list it on as many sites as possible to optimize occupancy rate. As an example, if 90% of all rental bookings are from VRBO and airbnb, should I still add my property to more vacation rental sites? Thanks for your input!