Additional income generation ideas in STRs

[Vikas Raoot]

Has anyone implemented additional streams of income in short term rental properties that add to your existing source of primary income from them? E.g vending machine (luxury food/drink items etc). Any brainstorming ideas anyone can come up with? :)

[Ken Boone]

Golf cart rentals with an STR are quite normal along the southeast coastline. For example if you rent a place at Fripp Island, SC just about every owner has an option to rent their own golf cart or has a connection to a local golf cart rental place and will take care of acquiring the rental for you. The same is true in a lot of the locations around Myrtle Beach as well.

I think the key thing is run anything you do by your insurance agent.