Revenue from VRBOs (Vacation Rentals By Owner)
I'm still waiting for banks/lenders to acknowledge revenue from VRBOs as real.........it's my understanding from countless interactions with the above that this industry isn't sure how to deal with this, in relationship to mortgage lending.
The other side of this is when it's time to sell do you price and market the property as a business/commercial property and set price based on revenue and cap rate? or market it conventionally and assume that someone isn't interested in the revenue it brings in? I've asked commercial Realtors this and no one has given me a clear answer.
I feel like the only one who "gets it" with the VRBOs. It's an industry that is growing at a rate ten-fold the hotel industry and it's so misunderstood in the real estate lending world.
Am I alone???