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Updated almost 7 years ago,
Rural AirBnB & VRBO Rentals Questions
Hi all! I am a investor/landlord in the Western PA area who has acquired 22 units in 2 multi unit buildings. Knock on wood, very comfortable with where I am and heading right now in with this concept/plan. Really enjoy it and hope to continue to grow. However, a friend of mine is getting into an AirBnb Cabin Rental scenario and it caught my eye. My friend is a 25+ year experienced contractor, and is currently rehabbing the property himself but seems to be diving into it with limited research or planning.
Does anyone have any experience with a rural property as an AirBnB or a VRBO property? I would love to hear about someones experiences with this model. I am wondering about the following things; what you can expect your occupancy rate to look like out of 365 Days, are renters respectful of the property, is receiving rent challenging, what are things that have been challenges, and what is the exit strategy (have a free vacation home eventually?), or is there a growing market for rural vacation rentals?
Any insight anyone may have would be greatly appreciated!
Thanks