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

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

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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San Diego Vacation Rental Management
(or, a Guide for Property Owners
on Riding the Roller-Coaster)

In 2018, the San Diego City Council approved regulations governing short-term vacation rentals. Three months later, they abruptly canceled them. Now, with the City Council under pressure to enact new regulations, many vacation rental property owners are feeling as if they’re in limbo and waiting for the next shoe to drop.

It’s understandable if the ups and downs of San Diego vacation rental regulations induce a sense of dizziness. But it’s worth emphasizing that when short-term vacation rentals are properly managed, ownership can be largely stress-free – and extremely lucrative.

Consider this: AirDNA lists a $210 average daily rate for San Diego vacation rentals – and a 69% average occupancy rate. This means many San Diego vacation rental owners are making what they consider very good money during each day of occupancy. Trouble is, they aren’t getting enough occupants.

One big contributor to underperformance for San Diego vacation rental property owners is the complexity of the optimization game on sites like Airbnb. Most owners aren’t experts in the hyper-competitive world of Airbnb (or Vrbo, or HomeAway, and so on). And with 11,000+ active rentals in San Diego, according to AirDNA, it’s easy to feel a bit intimidated.

These challenges have led lots of San Diego property owners to full-service vacation rental property management companies for handling everything from staying on top of changing regulations to managing site listings for a competitive edge – and even daily rate optimization via advanced technology for revenue management.

Here at One Fine BnB, we do all that and more. Our aim is to be the very best vacation rental property manager in San Diego, so you largely sit back and collect a check each month.

Whether you’re in Mission Beach, Mission Bay, Pacific Beach, over in La Jolla, or elsewhere in greater San Diego, we’re ready to help keep you off the roller-coaster and on the gravy train. Schedule a complimentary consultation with a One Fine BnB expert on short-term vacation rental management in San Diego. If you qualify, you’ll receive a free revenue projection for your property. And you’ll learn how One Fine BnB makes the entire process surprisingly easy for owners.

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City of Anaheim to Vacation Rental Owners: Manage Your Properties With Care … or Else

Attractions like Disneyland and the Anaheim Convention Center – combined with a desire among visitors to avoid hotels – make Anaheim a popular location among users of Airbnb, Vrbo, HomeAway, and other sites.

But many owners have found the local regulatory environment daunting. Some recent history: In 2019, following complaints from property owners, the City of Anaheim reversed a ban and phase-out of short-term vacation rentals and allowed most owners with permits to keep operating.

Under these rules, short-term vacation rental owners in Anaheim, California who opted to shut down by August 2019 must do so. Short-term rentals located where homeowner associations have banned them must close by December 2022, but those with permits can relocate elsewhere in Anaheim. Other than relocations, for now, permits for new vacation rentals aren’t being granted.

Vacation rental owners will continue to pay the City of Anaheim’s transient occupancy tax. They must also comply with a strict set of “good neighbor” rules or risk losing their ability to legally operate.

Rules include having a local contact ready to respond around the clock, within 45 minutes, to complaints and violations; supplying contact information to neighbors; limiting guests to those ages 21 and above; and compliance with a “quiet time” from 10 pm to 9 am.

Punishment for violators is severe. Two major violations or 10 minor violations within a one-year period are “grounds to revoke a permit,” according to the Anaheim Fact Sheet on Short-Term Rentals. Fines run as high as $2,500 for owners/operators and up to $500 for guests.

In this challenging environment, it’s no surprise that owners are turning to full-service vacation rental property management companies to ensure compliance with regulations – and handle everything from prospective renter inquiries arriving from sites like Airbnb to contact with renters and review management.

After all, many if not most Anaheim property owners don’t consider themselves experts at the vacation rental game and prefer to largely sit back and receive a direct deposit from their vacation rental management service each month.

For owners looking for the best full-service vacation rental property manager in Anaheim, we suggest a call with us. Schedule a complimentary consultation with a One Fine BnB expert on short-term vacation rental management in Anaheim. If you qualify, you’ll receive a free revenue projection for your property. And you’ll learn how One Fine BnB makes the entire process remarkably easy.