Need help from experienced Vacation Rental owners

[Marques J.]

Good morning,

I was able to get a really good deal on a 4 bed 2 bath 1800 sq ft 2008 built property in a gated community on almost an acre, near a national monument and private access to the famous Oregon Illinois river access for the community. There is also a exotic cat exhibit with Tigers, lions and such... 

What I do not know is if it is a good vacation rental or not. I am a buy and hold guy and I know our rental market but not vacation market. I don't know how much to expect. I have heard some crazy numbers before..

This place is also 50 minutes from the Oregon Coast and 35min to the California/Oregon Redwoods. Please  help me out. Address is 521 Schumacher Dr, Cave Junction , OR 

I am trying to decide if I should sell or vacation rental. This is a beautiful quite Oregon community near the clearest river in the area, Oregon Cave national monument and the Oregon coast. I don't see how that cannot be a good Vacation Rental...

Could sleep 6 to 8+ also has 3 car garage that can be turned into rec room with items tailored to my ideal customers or something.

[Jason Hsiao]

Hi @Marques J., the quick and easy way is to go on Airbnb and VRBO and see if there's already listings similar to it or just gauge how active that area is. Each listing you can see the dates that are already booked. You can also get a sense on what other people are charging and if the returns make sense. You can also talk to a property management company but they tend to paint a rosier picture bc they want your business.