The Lone Star State is having a full-blown love affair with short-term vacation rentals. Thanks in part to popular vacation destinations like Houston, Dallas, San Antonio, Austin, and Corpus Christi, this booming industry poured more than $3 billion into the Texas economy last year. In “The 150 Best Places to Buy a Vacation Rental Property […]
We’ll start with several fascinating facts: a recent ranking of the best places in America to buy a vacation home listed two Hawaii destinations – Kihei in South Maui and Waikoloa on the Big Island – among the top 25. A report by the Hawaii Tourism Authority indicated the number of vacation rental units on […]
Realtor.com recently listed Miami as America’s fourth most profitable city for vacation rentals. It’s no mystery why. Miami beaches are, of course, gorgeous. And they sit in an urban setting with something for almost everyone … throughout every season. For owners of vacation rentals, that’s a significant advantage. Unlike other tourist spots, visitors flock to […]
… On and Off Airbnb. Let’s start with the financial opportunity for Las Vegas homeowners currently renting to vacationers – or planning to. Statistically, your property sits in one of the world’s most in-demand locations. We’ll share what some of those statistics look like. According to the Las Vegas Convention and Visitors Authority (LVCVA), […]
The floodgates are about to officially open. The Henderson City Council has approved short-term vacation rentals – including rentals on Airbnb – in the city’s residential areas (presently, vacation rentals are only permitted in the tourist corridor). Las Vegas vacationers using Airbnb have long desired Henderson properties for a variety of not-surprising reasons, including the […]
Airbnb can be very lucrative for owners of investment properties and second homes – especially with full-service Airbnb property management by an outstanding team. Here are a dozen keys to optimized management for owners who prefer to outsource Airbnb property management: 1. THINK BEYOND AIRBNB – Promoting your property on Airbnb is a “must,” but […]
More than a fancy marketing term, price optimization raises vacation rental revenue by as much as 25%. So, what is price optimization, how does it work, and what’s the best way to start using it to raise revenue on Airbnb, HomeAway, Vrbo, and other sites? As it sounds, price optimization is about optimizing pricing on […]
Let’s say you’ve decided to become one of the 2.9 million hosts on Airbnb. Your aim: earn as much money as possible – as fast as possible – while enjoying your vacation rental property each year. As you consider the possibilities, you find yourself saying something like, “Surely I’ll earn more if I keep all […]
As we pointed out in our last post, when managing vacation rentals promoted on Airbnb and elsewhere, the devil is indeed in the details. But there’s more to the art and science of vacation rentals than optimizing tactical elements like listings, pricing, cleanliness, customer service, and use of the latest technology. There’s the strategic side. […]
Let’s say you own a gorgeous property in a spot popular with vacationers. You should be a shoo-in to earn big bucks from vacation rentals – right? Maybe. Even if your property sits in a prime location in Las Vegas, Miami Beach, or Fort Lauderdale, it’s not enough to simply post your vacation rental on […]