All Forum Posts by: Monika Haebich

To echo what @Patrick Diamond, @Lori Spadaro, & @Jeff B. said, yes, regulations are constantly changing, and it's important for invested homeowners to 1. be aware of what's happening, and 2. be proactive in preventing regulations. 

With this in mind, my company just put together a tool to help homeowners monitor local short-term rental regulations. It scrapes the internet, and you can easily filter by your location. 

Seeing as the tool is on my company's site & I don't want to be flagged as spam, please let me know if you want the link to it, and I'd be happy to message it to you. 

 I would recommend diversifying vacation rental locations if you are working with a manager (if not, that's a lot of travel for you). Should something go wrong in one location (i.e., no snow for ski markets, oil spill, strict ordinances, regulation, etc.), you'll still have another location that is hopefully immune.

That being said, you can also be more risk tolerant with vacation rentals by working with a manager that is offering fixed rental income, meaning they pay you a guaranteed, fixed amount every month. Regardless of occupancy, you'd be guaranteed your rental income.

Haha always :) @Jean-francois Ndomb

Sounds like a great starting point! Are you planning on managing bookings, maintenance, marketing, etc. on your own, or will you be working with a manager? 

Seeing as you are 90 minutes away, I would assume working with a maid would be necessary. Evolve put out some really useful checklists of things to consider with turnover: http://blog.evolvevacationrental.com/vacation-rental-checklists/

Great story, Gabe! Looking forward to hearing more of your success. 

Hi Julius! 

Welcome to the site! :) If you need help finding a property manager, are looking to do a fixed rent arrangement (where a manager pays you a guaranteed, fixed amount), or just have any questions about the vacation rental industry, please let me know! 

From what I've seen, owners haven't been happy - especially when they're in the process of filing a class action lawsuit.

Have you seen the results from this survey? There are also more comments in this thread.

Hi Nick! Welcome to the site! 

Participating in the sharing economy can definitely be lucrative (and sometimes easy), but whether you use Airbnb versus VRBO (or some other site) will be dependent on why type of property you're advertising. 

If you have any questions at all about the vacation rental industry, I'd be more than happy to chat! I'm not a property manager myself, but I work with hundreds of vacation rental homeowners worldwide and would be happy to share what I've learned with you. :)  

Messaging now w/ a short-term rental grader & calculator

 Definitely. We also use their data & have found them to be the best in the industry.