Updated over 9 years ago on . Most recent reply
Vacation Rentals in Seattle
I have couple regular rentals in Seattle area. I am getting 6%-8% cash flow cap rate. I am thinking about converting those to vacation rentals in AirBnb and elsewhere. Eventually, I will add a few more to portfolio, and I can scale dedicated maid service, airport pick-up and drop off. I did the financial analysis and after accounting for vacancy, maintenance, utility costs I can easily make ~15% Cap rates .
Are there any pitfalls/risks to the vacation rental business should be aware off? Practical experiences will be highly helpful.