Archives For Vacation Rental Income

"Summer time (Algarve)" by Tiago Fernandes (CC BY 2.0)If you enjoyed a brisk business this summer, you’re not alone; a recent report from HomeAway shows a vast majority of owners (86 percent) enjoyed vacation rental bookings that were the same or better than last summer.

Highlighted in HomeAway Vacation Rental Report: Owner Edition, these numbers reflect the niche that vacation rental properties are carving in the travel industry.

Among owners who see summer as peak season, occupancy rates averaged 77 percent – higher than the 70 percent average occupancy rate reported by U.S. hotels (a slight increase over last year). Continue Reading…

"Graveyard lemonade stand" by Nina Frazier on Flickr (CC BY-SA 2.0)You know you have a good thing going: Your guests are happy, the bookings are coming in.

But you can’t help but feel that you’re not quite there yet; you feel like your vacation rental could be doing better, but something hasn’t clicked yet.

What’s the missing link?

Here’s a look at some of the ideas we’ve shared to help you tackle three common issues: Not enough inquiries, not enough bookings, and not enough income.
Continue Reading…

log cabinWhether you keep your vacation home as a weekend getaway, property investment or long-term retirement plan, second homes have one thing in common: Their own set of bills and expenses.

While income isn’t the only reason to consider renting out your vacation home, it certainly is one of the top reasons. While a majority of owners leave their property standing empty when they’re not around, a growing number are beginning to wonder: Is this downtime a lost opportunity?

Growth of the vacation rental industry

Currently, fifteen percent of vacation home owners rent their space for at least part of the year, estimates T.J. Mahony, the founder of rental listings site FlipKey. Continue Reading…