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Updated over 3 years ago on . Most recent reply

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STVR with included car, good idea?

Posted

Background: We're under contract right now to own a condo unit in Kona Hawaii looking to close at the end of July. The current owners have a license to do short term vacation rentals there that they're going to transfer to us so we're looking to run AirBNB/Vrbo on it. This is our first ever investment property and we're looking to see what kind of tactics we can employ to get ratings on those sites. Right now there is a HUGE shortage in car rentals across the country, but more so here on the islands. I am thinking of buying a used SUV and parking it on the condo to have it be used by anyone who stays in our STVR. Is this a good idea? Has anyone here done something like this before and have some advise for us? Mahalo!

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Joseph Bafia
  • Investor
  • Raleigh, NC
280
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Joseph Bafia
  • Investor
  • Raleigh, NC
Replied

Look into listing & renting your vehicle on Turo.  Its the Airbnb of personal car rentals and they have all the logistics and liability pieces covered.  You can then share with your guests that you offer a car on Turo and they can book on that platform as an "option" if they want one.  I've used them for both renting my personal car and also renting someone elses.

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