Vacation rental investing is different from buying a regular rental property. For long-term rentals, you can have one tenant, all year round, and still collect rent checks. But for short-term rentals, you’ll have hundreds of different guests coming in at many different parts of the year. While some vacation rental markets like Hawaii stay pretty packed all twelve months of the year, others see short-term booking slumps usually in either summer or winter.
Avery Carl has owned enough short-term rentals to expect these different ebbs and flows, but rookie investors may not. Oftentimes, investors will pass up a home-run deal just because they’re scared of seasonality. Avery thinks this is a massively missed opportunity since a higher occupancy rate doesn’t automatically equal higher revenue or more profit.
She shares her experience with short-term rental seasonality and gives two real-world examples to show why occupancy rates can be deceptive, to say the least.
Which metric do you use as your go-to analyzer on short-term rental deals? Let us know in the comments below!
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Grab Avery’s Book, “Short-Term Rental, Long-Term Wealth”
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Check out Last Week’s Episode on The #1 Rental Property
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4 Tips to Balance Out the Highly Seasonal Nature of Vacation
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How to Analyze a Short-Term Rental—From Cleaning to Cash
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How to Choose the Right Market to Invest in Short-Term
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Work with Avery on Your Next Short-Term Rental Purchase:
Agents:
Mortgages:
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@theshorttermshop or
Recommended Reading >> bit.ly/32kRpzw
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