New VR Owner in Tucson

[Tom Albares]

My wife and I just got our offer accepted on a turn key vacation rental in the Ventana Canyon area of Tucson. 1286 sq ft, 3 bedroom, 2 bath condo. Fully furnished including linens, dishes, pots, etc. We're going to list it on AirBnB and VRBO/Homeaway. I've run a AirDNA report to get all the pricing/vacancy analytics. Bookings (even the past owners) is solid November - April. But the heat of Tucson keeps some tourist away in summer. So I will look into advertising it as a corporate furnished rental during the off months to try to capture families relocating during the summer months. Lodgify looks like a good way to manage the listings and bookings, also provides a website builder. We have an umbrella policy already that I will extend since we have a long term rental in southwestern Colorado. We plan on managing it ourselves and cleaning it between tenants until we can get a developed procedure and checklist worked out, and find dependable help. So we will keep our recurring expenses down in the beginning. I'm thinking about going with some automation for security and guest entrance. Z-wave products seem to get the best reviews. Anyway, just excited and anxious to get going in the hospitality business. We hope it will be rewarding for us in many ways. Thanks for reading!

[Stone Jin]

Congrats on the purchase. One piece of advice is to not clean the unit yourself. You already charge a cleaning fee. Let professional maids do the cleaning.