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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
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SUNNYVALE
Number of active rentals: 708 (46% entire home rentals)
Average daily rate: $179
Average occupancy rate: 74%
Average monthly revenue: $2,469
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LOS ALTOS
Number of active rentals: 142 (50% entire home rentals)
Average daily rate: $231
Average occupancy rate: 68%
Average monthly revenue: $3,566
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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,
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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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