Evaluating/Researching Vacation Rental Prices
Hi All,
I'm a UK resident who is currently living in Qatar in the Middle East. However, due to the difficulty of obtaining an expat mortgage in the UK, i'm looking at investing into a vacation rental in the South of Spain.
My Question: How do you suggest researching the average rentals in a vacation property from a distance in addition to evaluating the average occupancy rate in that location? #askbp
Many thanks,
Liam
Most Popular Reply
Simple. Go on HomeAway, VRBO, Flipkey and Airbnb. Look at rates of similar type rentals in the area you are considering, and follow their calendars as the year goes on and see how booked they are. Make note of which ones seem to most successful and figure out why (good photos, good location, special amenities, etc).