Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
STR version 2.0 - shelter in place
I own two STR in Quito, Ecuador and one in my basement where I live in Alexandria, VA. Like everyone else I had two days where I had 8 cancellations. My heart sunk and I knew it was going to be tough.
However, two weeks later my two STR in Ecuador are occupied and my Alexandria one would have been as well. We decided against renting our basement since we decided to shelter in place and realized we could not control those demands if we rented the basement. However before this decision was made we received three inquiries in one day for 3-4 weeks stays.
As for Ecuador, they are being occupied by tourist who have been stranded there because the airports have been closed. They are also staying multiple weeks.
Reservations for a few days or the weekend will not come back until this dies down. Which may be months. However medium stays of greater than 2-3 weeks may happen. I am sure this will vary depending the region and circumstance but all is not lost. Yet.
Good Luck.