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Forums » Rental Property Questions & Landlording Issues » Increasing occupancy for vacation rentals

Increasing occupancy for vacation rentals Subscribe to Increasing occupancy for vacation rentals

9 posts by 6 users

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SFR Investor · Chesterfield, Michigan


I'm looking for some advice on how to increase the occupancy rate of my vacation rentals. During the summer, they are booked solid, but I need to figure out a way to attract guests in the fall / winter. The properties are in northern Michigan.

Thoughts?


Real Estate Investor · Baltimore, Maryland


I guess seasonal rental implies a high occupancy in the certain season?


Real Estate Investor · Wheat Ridge, Colorado


Are other similar properties in the area booked in the fall and winter? What activities are possible in the slow times?

Its a problem here in CO, too, but the timing is reversed. Properties are heavily booked during ski season, and somewhat during the fall, but summers tend to be slow. The have built golf courses and heavily promote hiking and biking to try to fill the rooms during the summer. what can you promote that would make people want to visit during the winter?

Most vacation areas have high and low periods. Probably not really too much you can do to change that. You just need to account for that in your valuation calculations and be sure you can get through the slow times.

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


Multi-family Investor · South Jordan, Utah


Have you looked at catering to hunters? Maybe if you could put together a package that gives hunters right to get on private land included with a week long rentals type thing... Would require some upfront work on your end but at least it creates some demand.


Real Estate Investor · sioux falls, South Dakota


I've used several services over the past 10 plus years to rent my Cancun rentals. There are many available like Home away or VRBO. I don't know whether there is demand for your area during winter, but go check these sites for your area and you'll see what others might be doing. Good Luck. Rich


SFR Investor · Chesterfield, Michigan


I'm listed on VRBO for both, and that does quite well for me during the summer. Golfing is huge in our area and I plan to get out to the Expos to promote each lake house. Snowmobiling is also huge in our area. I have a couple of repeats each year, must it's typically a weekend sport and has been hit or miss. I should probably hit the snowmobile swap meets when they are held. One thing that I had not thought of was striking a deal with land owners and offering a package to hunters. Hell, it might be more cost effective to buy 25 acres and leverage the use of my own land. I'm going to look into that. Thanks.


Multi-family Investor · Victoria, British Columbia


Hey Steve, I have a bunch of vacation rentals in an area with high demand in the summer and very low demand for the rest of the year. In the low season I rent my vacation rentals as a monthly "furnished rental" for about $300/month more than I would if they "un-furnished". This works out very well for me as they're pretty much fully occupied for the whole low season and then I get possession again for the summer and charge the high nightly rate again. Hope this helps.


SFR Investor · Chesterfield, Michigan


Martin,
That's an excellent idea as well. I am actually going to offer that up as an option on my websites and see if I can find any takers. What area do you offer rentals in? We really love the aspect of vacation rentals, and plan to do more.
Steve


Multi-family Investor · Victoria, British Columbia


In Victoria, BC Canada and I also have some oceanfront cabins in a rural area about 1 hour away. I also have 1 vacation rental in La jolla, California. Furnished rentals works out well for and I have section dedicated to furnished rentals on my website www.apartmentsrus.ca




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