All Forum Posts by: Monika Haebich

Good for you on making the strong moves towards buying - is this your first property? What draws you to the idea of doing Airbnb/VRBO rentals - personal interest, or a need for the additional cash flow to qualify the numbers you're seeing? Finding someone to "take care of the cleaning and all that jazz" is generally possible, but expect to pay anywhere from 30-50% of your overall revenues for professional management, just so you know. Also, you should be aware that condominiums will generally be exceptionally harder to offer on Airbnb, since you'll be dealing with neighbors in close proximity and an HOA that will most likely prohibit short-term rentals - at the least, make sure you review the HOA bylaws before you purchase anything if this is your intention, just to be sure it'll actually fit your goals.

Another option would be to find a management company willing to pay you a fixed amount/buy out your weeks. They provide turnkey service, & you get guaranteed income & get to pass off the risk.

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Myles, I'll message you some good resources (calculator, rental grader, etc.) that my company puts out.

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Hi Myles,

Atlanta actually is a good market for short term rentals; HomeAway reported that it was one of the top 5 U.S. markets in terms of demand per listing.

If you have any questions, I'd be happy to talk!

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@Doug H., you could try these: LeisureLink (only for property management companies, not individual homeowners), Avantio, myBookingPal, Rentals United, and Rental Network Software

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Looks like HomeAway may be facing a class action lawsuit about the new fees:

https://www.tnooz.com/article/homeaway-class-action/

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Exactly, @John D.!

The $150,000 was what she was netting, and she was grossing about $230,000. She bought the home in 2015 for $1.07M.

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That sounds great; the owners that do best are always the ones that treat it like a business.

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Welcome to the site!

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Hi Jeffrey! Welcome to the site :)

I recently saw a first-time, out-of-state investor make $150,000 per year with a vacation rental in Palm Springs (and that was after her management company paid for maintenance, cleaning, booking costs, marketing, etc.). She did it with a guaranteed income offer from a property management company in her area, and I'd definitely look into companies making similar offers if you won't be using the vacation rental too often.

How often are you looking to be staying in the home, and do you have any markets in particular that you're interested in?

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Hi Scott!

Welcome to the site!

Where is your vacation rental? If you ever have any questions about the VR industry, I'd love to chat. :)

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All Forum Posts by: Monika Haebich

Monika Haebich has started 22 posts and replied 263 times.

Post: Anyone own a VRBO or AIRBNB type of property??

Post: Vacation rentals and AirBnB in Atlanta, GA

Post: Vacation rentals and AirBnB in Atlanta, GA

Post: HomeAway / VRBO Service Fee

Post: HomeAway / VRBO Service Fee

Post: vacation rental property success.

Post: vacation rental property success.

Post: New member from MA looking for insight and possibly opportunities

Post: vacation rental property success.

Post: Relative Newbie from Pennsylvania