Short-Term & Vacation Rental Discussions

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Cole Simpson
  • Real Estate Agent
  • Charlotte, NC
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How Do You Research Your Occupancy Rates In Your Area?

Cole Simpson
  • Real Estate Agent
  • Charlotte, NC
Posted May 14 2022, 17:59

Occupancy plays a very important role for those wanting to generate a notable income from short-term rentals. It goes without saying that bookings are your bread and butter – having an empty, un-booked property is obviously never ideal.

In some cases, a low occupancy rate indicates that something is wrong with the property, such as its location or available amenities. In other cases, low occupancy rates may mean the facility is poorly managed by its existing owners or it is in an undesirable location.

The key is to always do your research first.

You can use AirDNA or rabbu and they will give you an average of the occupancy rates in your area. If you want more anecdotal reach out to hosts and buy them coffee, ask them about their experience (offer value, I’ll book your place when it usually wouldn’t be, etc) Hope this helps!

What about you? What data provider are you using for your occupancy metrics?

Real Estate Agent

Charlotte, North Carolina

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