Airbnb Vs. the rest

[Terry Madden]

Hi All, 

For the past decade, I've been investing in long term rentals in various areas of NJ & PA. 

I recently closed on my first short-term rental property located on the Jersey shore. So far, I've had a lot of success with getting the place rented in a short period of time. Aribnb has been the primary driver in addition to a realtor I'm working with in getting tenants.

Does it make sense to also have it listed on VRBO, Booking, etc.? Is there that much of an audience that looks to rent homes like these not looking on Airbnb? I feel like Airbnb is the king of the short-term vacation rentals, but I could be way off and selling myself short by not having them posted on the other sites. My reason for not posting on these sites is due to the fees they charge. With Airbnb, most of the fees are incurred by the renter, not the owner (I could also be wrong here).

Any insight/advice is greatly appreciated!

Thanks, 

Terry

[Leslie Anne Morris]

VRBO is more expensive. Airbnb charges 3%, while VRBO is at like 8%. There are some people who are grandfathered into an old plan where they paid annually, but you’ll likely see 8% - so just keep that in mind. If you plan to scale you can integrate rent increases to essentially pass this fee on to guests.