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Updated about 5 years ago,
Vacation rental minimum days question
I am new to the short term rental market and just purchased our first a couple months ago. It's up on the usual sites for rent and it's doing well. My question is, what is the standard rule of thumb about requiring a certain number of nights in prime season. I see some competitors bump up their minimum nights to 3 or 4, up from 2 in the off season. Only one home had a 7 day minimum. 7 days is what I would expect to see for a vacation market like the Poconos. Leaving the rule a 3-4 nights leaves room for lost days throughout the month. Should I take the lead of the other homes in the area, or give the 7 day minimum a try? Are there benefits of a lower minimum that I'm not seeing?
Thanks!!