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Updated about 7 years ago on . Most recent reply

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Jake Thomas
  • Residential Real Estate Agent
  • Grand Rapids, MI
689
Votes |
803
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Advice on our first STVR on a lake.

Jake Thomas
  • Residential Real Estate Agent
  • Grand Rapids, MI
Posted

My wife and I bought our first stvr this year and just finally got it ready to rent. We are planning on doing a major remodel this winter during the off-season as the house looks and shows fairly ok but it is not something I would want to spend more than a week in as it needs a remodel badly. The pics make it look nice but I hate deceiving people. We wanted to avoid all the websites with reviews until after the remodel. We didn't want to get bad reviews from people thinking the house is gross or too outdated etc. We put it on FB and Craigslist with an aggressive weekly price compared to the competition but wanted to know if there was anywhere else someone could post it to get traffic.

It has great space, on the biggest lake in West Michigan, dock, good parking, nice yard etc. I am sure once the remodel is done it will be great but just too worried to post on VRBO and alike. 

Thanks everyone in advance. 

Most Popular Reply

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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
5,689
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4,236
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
Replied

I would list it at discounted rate and get it rented so it can start paying for its own remodel.

Headline....
“NEW OWNER SPECIAL. ON THE LAKE!”
Description....
“This property is priced lower than our competitors because it is out dated. It is being remodeled after the busy season. Please enjoy the home at this special introductory rate!”

You’ll be surprised how quickly it books. Next year you will miss the days of not having to worry about your new floors.

Good luck!

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