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Updated about 4 years ago on . Most recent reply
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St. George Vacation Rentals - Projected Income?
Hey everyone! I'm under contract for my first vacation rental property! It's a 5 bedroom luxury townhouse in St. George. I've spoken with five different property managers about occupancy, nightly rental rates, and income projections and they are all over the board. Does anyone have experience with STG vacation rentals? If so any guidance or thoughts on what kind of income it could / should bring in would be helpful! Just trying to do due diligence. Thanks!
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@Kevin Hill Thank you for the response! That is super helpful to know what others are doing. I've heard some say that 50%+ occupancy is do-able but I was skeptical- that's awesome to hear that you're rocking at 65%! And those are very good questions - some I didn't even think of! I'm sending my agent an email right now.
You are correct on the St. George rules. But there are a few "select" developments that do allow the vacation rentals. You can find this list on the city's website (it is not entirely up to date for the most recent additions) but luckily we are included there! I'm happy to send over this list if you'd like it.
@Sofia Sharkey I'd love to see your analysis! As mentioned my rental is in St. George city itself - but I'm definitely curious about the other areas too. All the data I can look at would be super helpful! Is email the best way to share that? I'll PM you with my email - or just let me know what would be best. Thank you so much everyone for your responses!