A Class Luxury Vacation Rentals in Resort Areas

[Josh Stack]

Hey Ya'll,

Does anyone have experience with A class luxury vacation rentals in resort areas?  Particularly owning and running these at scale (10+)?

I've googled and surfed the forums but haven't found much discussion on these types of rentals.

[Josh Stack]

@Luke Carl - OK, let's see if this is specific enough

- A set of 10 townhomes have come on the market in a resort area that I already own one property in
- They are class A luxury homes with long range views, they are built on a ridge

-They come fully furnished and are about 10 years old

- The resort area has winter recreation and a small amount of summer recreation so there is year round draw

I'm interested in building out a business case on these and running them as short term vacation rentals but haven't found a lot of others discussing these exact type of rentals.  My initial searching shows that running short term rentals like this is quite a bit more expensive than traditional long term rentals.  I'm also concerned about other elements of the deal - lack of control of the surrounding area (other HOAs, the local ski resort, etc) and also that high end rentals like this will probably suffer mightily during a downturn.

I'm wondering if anyone has particular experience with this type of situation such that they could share their lessons learned and best practices.