All Forum Posts by: Brandyn Kemp

Great feedback so far guys, good perspectives.

The location I am considering is in driving distance of large populations and multiple states, and it is in the mountains. However, I'm currently considering a larger property with 5-6+ bedrooms; mainly because more rent per night with only a small increase in expenses compared to a 1-2 room property. This specific property will be a $400-500 ADR; my logic says that larger groups, 2-3 families can share rental cost so the property is more affordable for them, plus they stay together. Its not the highest end out there, but I wouldn't consider it the "wal-mart" of properties either. My thinking is to not buy a 2-3 bed because there are 100's of those types in this area, but to differentiate or buy something more unique.

Thoughts?

I am currently in the search for my first vacation rental. The question I have in my mind is what will happen to the occupancy rate and ADR if there is an economic downturn in the near future? Obviously it will drop off, but how drastic?

Does anyone have this experience in STR/ Vacation Rentals during the 2008-2013 years or sometime similar?

I guess I am trying to determine if rates the past couple years are high because the economy is high or if this is the norm. 

Thanks for any experience you may have!