Table of Contents:
Vacasa Vacation Rental House Tour in Kissimmee Where To Stay At Walt Disney World Orlando Florida
Video taken from the channel: The Go To Family
Buying and Managing Short Term or Vacation Rentals Real Estate Investing
Video taken from the channel: Lynn Currie
Restrictions being lifted on new FL vacation rental bookings
Video taken from the channel: ABC Action News
2019 Vacation Rental Marketing: 3 Core Areas
Video taken from the channel: Fully Booked Consulting
5 Steps to Short Term Vacation Rental Investing
Video taken from the channel: Phil Pustejovsky
Starting a vacation rental (what to focus on in year one)
Video taken from the channel: Fully Booked Consulting
Ask A Designer: How To Design A Vacation Rental
Video taken from the channel: House & Home
Pay attention to the possibilities that your vacation rental has to offer and invest in providing the best stays for fitness and wellness travelers. Pick a spacious room to convert it into a communal area where guests can relax after a full day of exercise, or refurbish the exterior to create an unforgettable experience for those who want to practice yoga in a natural environment.Travel in past was limited to just a few days off work or to work-related trips. But with people opening up to more viable options (vacation rentals being one of them), plus the increase in transportation as well as lower cost airfares, we are now seeing more frequent travelers for both work and leisure.
Or a beach resort that will help you address health, fitness, weight loss or adventure goals, like The Body Holiday in St. Lucia, which has all-inclusive programs that put fitness, nutrition and a lifestyle goals at the forefront of your vacation experience. A new fitness and travel company, Ketanga Fitness Retreats, organizes active vacations.Faced with limited demand due to COVID-19 travel restrictions, hoteliers must think outside the box to capture bookings and maximize revenue.
Pricing practices that made sense before the virus hit—like seasonal pricing and non-refundable rates—may not be.Unlock Your Travel Perks. Unlock Your Travel Perks. HOTELS UP TO. 60 % OFF.
Unlock Your Travel Perks. CAR RENTALS WITH SPECIAL RATES. Unlock Your Travel Perks. Unlock Your Travel Perks. Still not a member?
Get your PF Black Card. 2020 Planet Fitness Franchising, LLC.From the first moment the traveller finds your property, to the day they check out, and everything in between. The level of professionalism you demonstrate will be a critical factor in how much you can increase your bookings.
Great vacation rental owners & managers generate more repeat guests, more referrals, and more 5 star reviews.Perhaps intuitively, the easiest way to increase your bookings is to increase the number of eyes that see your listing. What better way than to list on as many websites as possible?
Here are a few of our favorites: FlipKey: This vacation rental listing site offers a free-to-list policy with a mere 3% fee per booking. As a TripAdvisor partner.A vacation rental is both a fun place to stay and an investment opportunity. And a part of that responsibility is ensuring that you run your business smoothly.
When you own a vacation rental, you want to have good cash flow, avoid tax penalties, stay organized, have a great presentation, minimize risk and ensure your customers are satisfied.These fitness getaways promise to change your mindset, prolong your life-span, and give you the foundation you need to help you live a healthier life.Vacation Expense No. 2: Car Rentals.
Renting a car for your vacation can drastically increase travel costs. According to USA Today, the average cost of a car rental ranges from $45 to $65 per day for an economy car and can reach $120 per day for a luxury vehicle. Here are some ways to get your rental car for less.
Your rental rate will be based on the condo complex or neighborhood, and the time of year it is. You may notice, however, that similar homes and condos often have significantly different rental income than yours. To help maximize your income, we’ve listed a few actions you can implant immediately: 1. Advertise the property yourself. Don’t.
Renting a luxury property for your family is one of the best ways to maximize rest and relaxation. Like anything in life, though it’s important that you spend a little time making sure everything is perfect. We put together a list of the 5 things you should always do to make sure your luxury vacation [ ].
5 Ways to Increase Your Vacation Rental Revenue The reason you’re in the property rental game is to make money. Sometimes it can be hard to get ahead of the competition and keep making revenue on your property, so let’s look at the five best ways for you to increase revenue on your vacation rental.It’s vacation season, and for many that means visiting faraway friends, exploring new places and possibly even crossing some things of the ol’ bucket list. Unfortunately, traveling often also means lots of sitting, interrupted sleep patterns due to time zone changes, unhealthy eating, and workout routines that are sporadic, if not nonexistent.
But, travel doesn’t.7 Fitness Vacation Ideas to Stay Active on Holiday In Europe and North America, 71% of travel agents say consumers are now more aware of wellness travel. With stress on the rise, health and wellness vacations are in demand.
List of related literature:
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| from Marketing: Essential Principles, New Realities |
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| from Leisure and Recreation Management |
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| from Working Out in Japan: Shaping the Female Body in Tokyo Fitness Clubs |
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| from The Persona Lifecycle: Keeping People in Mind Throughout Product Design |
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| from Accessible Tourism: Concepts and Issues |
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| from Kellogg on Marketing |
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| from The Essential Guide to Fitness |
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| from Kraus’ Recreation and Leisure in Modern Society |
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| from The Cornell School of Hotel Administration on Hospitality: Cutting Edge Thinking and Practice |
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| from Managing Organizations for Sport and Physical Activity: A Systems Perspective |
92 comments
Great video. I agree with all but the kitchen cabinet decision. 40-50% of my resevations are repeat guest that stay 3-4 weeks at a time. One thing that almost all mention is the kitchen being better equiped than any other rental they’ve visited.
Another good tip is to get furniture that can handle people of all most sizes (tall and/or heavy) like a king bed and well built sofas and chairs.
Such great information. I have good friends building a Rental empire here in Sourh Florida �� and I cant wait to share this info with her
Thanks, great videos. Can you synch more than 2 OTA without a third party software. In other words, if I use VRBO as my master calendar, but synch with airbnb so my VRBO calendar is up to date. Is there a 3rd OTA that will really be value added and can I synch a third site to VRBO calendar? Thanks.
Did you know that you can list your properties worldwide free of charge on http://www.goto.mu? No commissions or listing fees. Multi-Lingual currency and language.
I’m considering using my SFR owner occupied for 6 years into a vacation rental for the next year or two. Will that affect me the same with the IRS as renting it out long term? Will my property turn into a rental and I’ll have to pay CG taxes on my equity?
I see room for eight at the table and eight to watch tv. Not ten. Did I count wrong?
Hey Phil, I’m currently under contract for a duplex on the West End of Panama City Beach. I was wondering what you think of the location? By the time I close the lower tenant will be gone and the upper units lease is up in May. We are going to air Bnb/VROB the lower unit it out starting mid April and then do the same with the upper unit in May. Both units are 2 bed, 2 full bath and have all the appliances.
I’ve been on booking.com since september and have a 9.9 rating however, what do I do about the new sites I’m going on like airbnb, VRBO, tripadvisor etc?
Hi. I’m considering jumping into the vacation rental buisness. Small, scale. Nothing huge. Something I can pretty much run on my own. I was thinking about a couple of small, secluded cabins in the Piney woods of east Texas. Would you recommend buying or building?
Airbnb now offers for free the same product as evolvevrn.com in regards to getting your pricing just right. I have multiple listings on airbnb and vrbo etc and love this new option. easy to use.
Yes Phil!! I’ve personally tripled my rental income by switching to short term rentals. Currently have properties in Manhattan, Hamptons, Colorado, Alabama, and Windam, NY.
Great video. Clear, useful, and on point. Very helpful. Thanks
Hello Heidi, just found your channel last week. Wish I could have found great help like yours 11 years ago,when we opened our resort. I have learned a lot just by watching a couple of your videos.Thanks for sharing your wisdom with us less fortunate. Thanks again Roger.
Hi Phil,
what about MARKETING an Airbnb poverty for SALE? I have a 5 star money making machine in downtown Sarasota that meets all 5 steps and I’m ready to sell. Turns out I’m pretty amazing at creating such properties, but there doesn’t seem to be a place to market them for sale. Any thoughts? https://www.airbnb.com/rooms/17317089?s=51 https://www.airbnb.com/rooms/17317887?s=51
Why do I earn more with more people? Usually it’s a fixed price… and the more people the more „usage“ it gets… other than that, great tips, thank you very much!
Very helpful, just bought a lake view property to build a custom short term rental property. So excited!
Thanks for the great points about nail down the offer!! I never thought about vacation rental as a product. This is super amazing!! thank you for sharing.
Thanks for watching! Let me know in the comments what areas of marketing are you focused on for your vacation rental?
*Be sure to grab my Vacation Rental Marketing Roadmap. It will help you prioritize your marketing efforts to ensure your efforts have the greatest impact possible: https://www.fullybookedcourse.com/Roadmap
Thanks for these tips. We are considering getting a vacation rental property!
Thank you for all of the great information. Is it possible to set up any of these accounts on the various websites you’ve mentioned, if you don’t yet own the property? I like to get ahead of the game and want to hit the ground running as soon as the property is closed on. Thank you!
I think that hospitality is probably the most important one. I have stayed at some gorgeous rentals but the owners were NOT the nicest people on the planet and really made the whole experience not all that great. And on the flip side I’ve stayed at some nice places where the owners just went out of their way to make sure all was wonderful and we definitely want to go back. Great tips!
I love tip #3 hospitality. We had a person who gave us a tour with a vacation rental and we loved the property but couldn’t stand them so we didn’t go with that rental for that reason. Great tips.
Hi Phil, do you think doing subject to with properties that have negative equity is a good idea? I would do vacation rentals with them.
thx Phil for this..u rock!! very helpful..working on a nyc shared unit for airbnb but I never knew of the other rental sites or the additional time saving services. You are very resourceful.
Thanks again,
DJM
My question is reg. #1
How would be the best way to “research”?
I mean, it is noticeable that cities, counties, municipalities are raging war against STR, therefore any specific tips on how to go about on our research would be highly appreciated.
I heard of a dedicated property management company called Bongo Property Management, has anyone heard of them? Any good?
Cherry Home Shores in Northport Michigan is a private corporation. It is deed restricted to “one family”, “residential” registered to all property in the association. We are in the process of shutting them down
including considering taking legal action against those who rent from them. SORRY VRBO! You lose!
Hi Phil, we just purchased a condo on Fort Myers beach looking over The Gulf Of Mexico. Beautiful sunsets and beautiful sugar sand. We are thinking about renting it out 7 months a year. Now here’s the question the money we make on it, do we have to pay tax to the government being Canadian thanks for your channel
Here comes that second wave!
This time you knew it was coming and the National Gaurd have all gone home!
This wave is for culling the stupid, go right ahead and the rest of us wish you luck!
How do you start the special events writer? Can you be more specific? I’m having the same problem with getting insurance for a rental property because my main home is not insured by them?
Phil, I’ve been watching your videos for a long time. I just want to tell you that you’re a beast man. So much solid information. Can’t thank you enough.
Thanks, Phil, I have been a landlord for 30 years owning and managing as many as 80 properties at a time. You point out some very good ideas on Short-term rentals.
I have purchased a Log home in Alaska and I am getting ready to list in the spring.
Interested in this business renting in Barbados on a short term basis
I have five units in Kihei, Maui that I’m looking at converting from long term rentals to Airbnb. I’m looking at it because it’s near impossible to find good management. Hopefully it will increase my income. My biggest concern is cleaning how do you find maids that will get it cleaned by the time the new tenants will be arriving?
We did a series on vacation homes Vs. Investment property hope you don’t mind me plugging it https://www.youtube.com/watch?v=CNxdK5Nejp0
Great tips! I enjoyed watching even though I don’t own a home or plan to rent one out. It made me think about the number of seats in my small apartment, at least.
The big takeaway on this: If you do an AirBnB, etc…you are now in the hospitality industry. Act accordingly!
Phil, what is the typical percentage of occupancy for a vacation rental property in a given year? I’ll say, hypothetically for a 4 bedroom and 3 bath, property in Kissimmee, FL?
Thanks Phil this was helpful. Do you have any recommendations of the best places to invest in?
Hi @phil, could you provide a few estimates on good rates for full time property managers for vacation rentals in terms of percentages? Thanks.
correctomundo! on the furnishings..
we recently stayed at a Airbnb in Asheville..
the king bed they had in there was the best bed I’ve ever slept in EVER!!!!
i was flippin it over..
taking pics of the tag lol
i looked it up..
it was a four thousand dollar bed..
and the pillows..
Ikea pillows omg..
the stay was worth the $140 a night.
and it ALL about the reviews
Evolve charge 10% of every booking. That seems like too much. AirBnb will still get their cut and I guess other platforms will too. That will run the cost up to having an actual property manager doesn’t it?
What do I need to ask about a vacation condo before I buy it? Either our realtor or the owner.
what is a good ROI exptectancy, range, or average on a good property?
These fools that counties and cities can’t all get on the same page. Who in the hell wants to rent anything?! Jesus…wait til they are loved one gets it. They will speak much different.
I don’t want to spend alot on expensive furniture because of the high risk in guest ruining it… any tips? ������
This strategy financially benefits the STR Management co but seems to do nothing for the homeowner.
Regarding legality in Toronto Canada, the government just passed a new law today, in regards to air bnbs, no short term rental in ghost houses, you must be living in it, if you want to offer air bnb renting.
Cherry Home Shores in Northport Michigan is a one family residential HOA. That makes rentals prohibited. We are now acting to shut them down. Don’t invest here thinking you can rent. Any member can take action in court on those that do. What is also possible it seems is to go after their customers.
Phil your the man, hands down. Your delivery is on point. Keep it up!!��
Thank you for this information. It’s awesome you mentioned Evolve because I am planning to list my condo on Airbnb on my own and do it all myself. I came across Evolve, considered them but wasn’t sure if it was too good to be true so I was skeptical calling them. I am very new to real estate investing so I’m on here learning as much as possible. I saw your video in its entirety, which is rare with a lot of Youtube videos of people rambling on, and I end up losing interest. Your video is very well put together, edited and you kept my interest by getting to the point and delivering an informative, useful and interesting presentation. The information you provided is extremely helpful and now I will certainly call Evolve, but first I need to add more furnishings and a few more towels for my unit.
hi thanks for these advices! What software are you using to make the list of items and checkboxes on left of the screen? Thanks
I made a killing on my apartment in DC. Almost 4 times what I was paying monthly. Because of that I’m keen on investing in a home to do this full-time.
We are just getting started thank you so much for all the great info! I’m doing your free training:)
Great insights! Hospitality is probably our biggest short coming. I’m always torn between getting too close to the guest but probably err on the side of not getting close enough. Our reviews are excellent so staying the course. If it ain’t broke, don’t fix it!
thank you Phil. how to avoid overbooking the same room or flat, because you listed it on 3-4 different websites like homeaway, and tourists booked the same room for the same period, on 3 of the websites let’s say.
thank you very much
@Phil Pustejovsky Iam right now searching for a house to book in the summer holidays of my kids. your rentals sound great. Could you link them for me please:)
Great video Phil! Had a question on timing…. I intend to buy a vacation rental in Florida. I got pre-approved yesterday but am wondering if now is the best time to do it…..since summer is the busiest season, I’m concerned that I may miss the summer season. Thoughts?
hello Phil I’m just curious about this type of technique love investing I was watching the news and it was a gentleman that did the same similar thing but the thing is is that the renters was very loud and partied a lot the people that’s living in the area complained how do you prevent this from happening
I have been using Evolve for almost 2 years now, they do a fantastic job and well worth the 10% (12.5% if you count payment processing) as they cater to the guest all the way to check in! And now, they come with a free $1M umbrella with all bookings! Op Ex Ratio is the game changer when it comes to VR investments I have found. Shopping around for the best price for line items you can control (pool service, housekeeping, internet, etc) greatly helps your ROI. Also, use Mint to categorize your expenses (free and a must for tax time) and the biggest tip of all….spend the money on professional pictures!! They make all the difference in the world!
Very nice video all your points are exactly right! I wish we would have had a road map when we got started.
Great video! I’m excited to get involved with Holiday Lets and you have given me lots to consider. Thanks Phil! ��
Do your creative real estate techniques work as well for buying vacation rental properties?
College is so much fun. But because of all this himework, I don’t have time to enjoy my time. My friends orders papers on myeasypaper.com and has plenty of free time. Guess I will do the same.
You could always put a cover on your keys with a discrete bluetooth that alerts you when it’s left the range of the house.
30% for property managementwhy is that not included in the monthly expense along with mortgage, marketing, etc?
Great info for prospective STR investors. I took a ton of notes!
You are so right about staying focused on one area! I spend most of my time making sure I have good content on the vacation rental sites. (photos, reviews, etc). Very informative video!
Great design. However, the living room only has seating for eight…and so does the dining room.
Great video. The Digital Marketing checklist was super helpful. Keep up the great work!
Really good tips! However I find queen size beds are for small and petite people. I am 1.71m and my husband is 1.86m height. On couple of holidays we ended up one of us sleeping on the kitchen floor on the blankets and pillows we managed to find. Please at least 1 beds should be a king size
That rental property looks amazing. I love the color of the kitchen cabinets.
Great tips! Grounded and clear. Really keeps things aligned.. so important! Elizabeth:)
Happy to have found your channel, we both seem be on the Airbnb fan train. Pop over to my channel if you ever have some free time:D
Great video, youtube is full of wacky guys talk with a weird tone. A calm and informative conversational talk is exactly what we need when we seek advices from here
The niche of VRs I sell and consult on are oceanfront and 2nd row vacation rentals in North Carolina. Subscribe to my channel for detailed examples of how to win at vacation rentals in the oceanfront niche. Appreciate it.
You can buy some nice used furniture sometimes high end furniture for less.
Unfortunately this info is out of date. The city of Austin is no longer issuing Type 2 licenses and plans to revoke all existing Type 2 licenses in 2020.
Hi, we bot a house 3 years ago in Vero Beach and we start renting the house for minimum a week. Unfortunately we have been contacted by the County and now we can’t rent the house for less than a month. How can I try to rent to Snow Birds for April, or even November or December? Next year we have already rented for 3 month but we need more to cover year expenses, and Tax + Insurance. What do you recommend? Is there a page for 1 month minimum short term rent? do I talk with Realtors in the area? Could you give me some clear idea, I just don’t want to sell the house but I need to cover expenses. Best regards. Patricia
Vacation Rentals can be a win/win investment if you buy a property in a place you also enjoy visiting. Steve Schwab discussed some key tips on episode #13 of The Richer Geek podcast. You can check it out here; https://www.therichergeek.com/podcast/turnkey-vacation-rental-investments-steve-schwab
What do I need to ask about a property before I buy it? Either our realtor or the owner.
Vacation Rentals can be a win/win investment if you buy a property in a place you also enjoy visiting. Steve Schwab discussed some key tips on episode #13 of The Richer Geek podcast. You can check it out here; https://www.therichergeek.com/podcast/turnkey-vacation-rental-investments-steve-schwab
Thanks for watching! What’s a key focus for your marketing efforts this year?
I have two STRs now and am looking to get two more by end of year. Actually looking for quad-plex. Then I’m done. The ROI is great.
Hospitality is a great thing to think about! It’s not just about appearance but about how you actually treat your guests. Great tips. Cheers!
Hey, just found your channel I think you have some super unique content and you’re super charismatic! Keep it up gotta support other small creators!
-James
Very insightful video packed with information. Similar video you can recommend for Tampa, FL beaches area? Thank you!
Do most HOA fees for condos on the beach include cleaning fees and such? If I’m a thousand miles away from my property, how can I be certain that my condo is well stocked with the bare necessities for my renters?
I am so glad i found you. I am on my way to sign up for the Vacation Rental Marking Roadmap. Thank you for this video. I have a lot to learn from the expert (you).
Have consideration for the people who live in those neighborhoods.
Great video packed with very useful information! I live in Tryon NC where a huge equestrian center is under construction, to be completed in 2016. Local realtors are hunting for short term rentals. Many visitors are already coming and going, so the demand for accommodations is increasing. You’ve given me plenty to consider. Thanks!
Interested in buying and managing short term rentals? Scott Sutherland shares his story about how and he and his wife, Sally, manage several.
#realestate #vacationrentals #adventuresinrealestate