Short and Medium Term Rental Vacancy Rates

[Tyson Thompson]

Hello!

Does anyone have any good advice or resources on how to determine an expected vacancy rate for short or medium-term rentals in any given area? My original thought was to basically just triple what the normal vacancy rates were in the area, but I know that would not be super accurate. We are analyzing a potential property as a short to medium-term rental and are struggling to pick a vacancy rate figure. Thanks in advance!

[Conner Olsen]

Quote from @Tyson Thompson:

Hello!

Does anyone have any good advice or resources on how to determine an expected vacancy rate for short or medium-term rentals in any given area? My original thought was to basically just triple what the normal vacancy rates were in the area, but I know that would not be super accurate. We are analyzing a potential property as a short to medium-term rental and are struggling to pick a vacancy rate figure. Thanks in advance!

 I own 2 units and manage another 2, we're seeing 5-15% vacancy across the units over the past 18 months. Biggest driver for vacancy for us is being pet friendly.