VRBO boasts 3372 rental listings, and that’s not counting your competition on other sites (like Airbnb). But how many of those are actually being rented out? I know of one resort that was summer-only and didn’t even rent in the winter, and yet just being on a short term rental site makes all of its properties count as listings. That’s not even to mention all the homeowners who dabbled in short term
Here’s what you need to know when looking at VRBO investment property in Avon.
The Goldilocks Principle
Very small or large properties rent for more or less. The general rule of thumb says you should pick a property YOU want to vacation in, because you’ll always find a market. But if you’re planning on buying purely as an investment, you should know that fully 66% of short term rentals are 2 (31%) or 3 (35%) bedroom properties.
What Do They Have To Offer?
Amenities in Avon are mostly what you’d expect. Air conditioning is in 91% of the units, as is heating, washer, dryer, parking, kitchen, and internet. Surprisingly, a pool or hot tub is available in about two thirds of the units, so you may want to think twice if your property doesn’t have either.
Growth and Investability
First, our research site Airdna isn’t offering sunny “buy everywhere!” recommendations. In fact, there’s a hefty subscription fee just to get as granular as we get in our blog posts (you’re welcome!), and the site makes its living on real data. So when they suggest the Bay Area or Rome don’t have a great ROI for short term rentals, it’s just a dose of realism.
That’s why it’s so shocking to see them rate Avon with a 97/100 for invest
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