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Updated about 7 years ago on . Most recent reply
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What's your typical or average percent occupancy?
Simple enough question asked by someone looking for insight. What is your typical or average percent occupancy (or vacancy, if you prefer) during your "vacation season". Please specify which. Thanks.
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I just started doing vacation rentals and I am in the middle of WY in a town of only 3,000, but so far I am only doing about 10% rented out. It has only been 4 months, and it is the slow time of the year. I have very low rates in hopes of directing more traffic to my place. So far I have lost money every month but hope that spring and summer turns that around. On the bright side My last 3 guests have left very nice notes assuring me they will use my house the next time they come to town. I plan to give4 it a year before I make a decision on whether to keep at it or turn it into a regular monthly rental.