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Mountain View, Sunnyvale, and Los Altos Vacation Rental Management: a Snapshot

Ashburn Virginia airbnb

We’ll begin with a glance at key AirDNA statistics on vacation rentals in three Silicon Valley cities.

MOUNTAIN VIEW
Number of active rentals: 761 (54% entire home rentals)
Average daily rate: $204
Average occupancy rate: 73%
Average monthly revenue: $3,014
[source]

SUNNYVALE
Number of active rentals: 708 (46% entire home rentals)
Average daily rate: $179
Average occupancy rate: 74%
Average monthly revenue: $2,469
[source]

LOS ALTOS
Number of active rentals: 142 (50% entire home rentals)
Average daily rate: $231
Average occupancy rate: 68%
Average monthly revenue: $3,566
[source]

All three cities have room for occupancy improvement. Let’s say, with optimized vacation rental management, the average occupancy rate in each city rises to a level that raises average monthly revenue by 25%. In Mountain View, average monthly revenue would rise to $3,767 – an increase of $753 per month and $9,036 per year. In Sunnyvale, the increase would be $617 monthly and $7,404 annually. And in Los Altos, a 25% increase in average monthly revenue via property management improvements would result in monthly revenue growth of $891 and $10,692 a year.

What does it take to achieve that enviable level of improvement – or more? We spell it all out in a FREE guide,

In this complimentary guide for property owners looking to optimize every major aspect of vacation rental property management, you’ll discover:

  • How to maximize your exposure on the web (Hint: Airbnb is just the beginning)
  • What you need to know about online listings on sites like Airbnb to turn browsers into renters
  • The importance of optimizing communication with inquirers and renters to maximize your bottom line
  • What every vacation rental property owner should know about price optimization
  • Details that heavily contribute to vacation rental success
  • The strategic side of vacation rental ownership
  • How to determine if you’re a candidate to manage your vacation rental yourself or go with a full-service vacation rental management firm

The guide is free and without obligation. It’s a quick read. We’re confident you’ll find it valuable.

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What Palo Alto Property Owners Should Know About the Airbnb Vacation Rental Market

Palo Alto airbnb management

First, let’s look at several statistics on short-term vacation rentals in the city of Palo Alto, courtesy of AirDNA:

  • Number of active rentals: 894 (53% entire home rentals)
  • Average daily rate: $213
  • Average occupancy rate: 72%
  • Average monthly revenue: $3,221

As of this moment, the Palo Alto, CA vacation rental with the highest asking price on Airbnb runs $2,750/night. Believe it or not, the one with the lowest price goes for just $10/night (as one might expect, it’s a shared situation, including a shared bath).

A glance at these statistics tells us many Palo Alto, California property owners can significantly improve their average daily rate, occupancy rate, and monthly revenue. How? Well, the easiest and fastest way may be by choosing the best Palo Alto vacation rental property management service available.

The right full-service vacation rental management service for Palo Alto property owners will also enable you to keep from being immersed in the details of local regulations. They’ll know which Palo Alto districts prohibit short-term vacation rentals. And ensure you pay the proper transient occupancy tax, and pay it on time, to avoid substantial penalties.

One Fine BnB, an innovator in vacation rental property management, can relieve you of a big burden by doing it all: enhancing your listings, broadening your exposure, converting your inquirers, satisfying your renters, improving your reviews, raising your income, and yes, reducing your stress. So you largely sit back and collect a direct deposit each month.

Download our complimentary educational guide, Capitalizing on the Vacation Rental Boom: 8 Keys to Success.

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Palm Springs and Palm Desert Vacation Rental Owners Shouldn’t be Deterred by Regulations

Palm Springs Airbnb management

Yes, regulations for vacation rental owners in Palm Springs and Palm Desert can be daunting and even intimidating. But they shouldn’t stop you from taking advantage of what could be an excellent income source.

According to the Mashvisor Palm Springs Real Estate Market Report 2020, the city’s average monthly Airbnb rental income is $4,470. That works out to $53,640 a year. Of course, that’s just the average. Some short-term vacation rentals pull in far more in annual income (and some considerably less).

Now, about those pesky regulations: if you’ve Googled your way to the 21-page Ordinance No. 1918 or combed through the Frequently Asked Questions document on short-term vacation rentals in Palm Springs or the collection of documents on Palm Desert vacation rentals and concluded you have no desire to tackle this on your own, we have a suggestion: don’t (we’ll discuss an easy way to take care of this stuff in a moment).

After all, few Palm Springs and Palm Desert vacation rental property owners are interested in the minutia of existing regulations governing vacation rentals – or in staying on top of regulatory changes going forward.

And regulatory compliance is just one facet of optimized vacation rental property management. On Airbnb and many other sites, listings should take advantage of each site’s qualities and attract the right potential renters. Communication with inquirers and renters must be flawless – and timely (even during evening hours, including, at times, 2 am calls from renters).

Pricing needs to be optimized on a daily basis. Housekeeping must not only be maintained at a hotel-quality level; housekeepers should be trained to spot damaged items, wear-and-tear, and other issues, and promptly report them, to help maintain strong reviews.

On that note, “review management” isn’t just a fancy term; it could mean the difference between high and mediocre net income. Gaining Superhost status on Airbnb is, for many owners, a financial bonanza.

As for that easy way to keep you from having to go it alone, many owners have chosen to get the best Palm Springs or Palm Desert vacation rental management company available. Very often, the added income from price optimization alone covers the monthly management fee.

With a vacation rental property management business like One Fine BnB managing your property, you offload a big burden while enhancing your listings, broadening your exposure, improving your reviews, and raising your income.

Find out more about optimizing every key aspect of Palm Springs or Palm Desert vacation rental management by downloading our complimentary guide, Capitalizing on the Vacation Rental Boom: 8 Keys to Success. You’ll also learn more about One Fine BnB, the vacation rental property management service that does it all, so you largely sit back and collect a direct deposit each month.