AirBNB Single Family in Different State using Vacasa
Wondering if anyone on BP has experience with this, I'd love to chat on it. Live in Twin Cities (market sucks for investing up here, low inventory and over inflated prices on single family homes). Looking at purchasing a single family down in FL to be used as an income property doing short term rentals through Air BNB and have it all managed by a company called Vacasa.. The realtor down in FL has been sending me a few properties, some with rental history, some with not. Numbers look decent
Wondering if anyone has experience in buying, furnishing a property in FL (or any different state for that matter) and then turning it over to a company such as Vacasa (who takes 25%) to rent out and manage for you. Please shed any thoughts or experiences on the matter.
Thanks in advance!
Most Popular Reply
I'm a little surprised you're reacting to Paul above who said the truth.
when you ask advice, it's better to listen and not assume you know more than they do
using something like vacasa or TurnKey or evolve is a gigantic waste of money.
the keys are to be on the four major booking sites, use Dynamic pricing also called yield management, read this form thoroughly for the last few months to get background knowledge, automated as much as reasonably possible, learn to self manage even from a distance, and get a good property management system such as ownerreservations or guesty for channel management or something similar.