How much income can you make with a VRBO rental in Avon? Quite a bit. 1.3 million tourists visit the greater Avon area every year, half in winter and half in summer. And Avon is the heart of the valley, near Beaver Creek Ski Resort and just 15 minutes down the highway from Vail.
Let’s start with the average daily rate of $461 and the average occupancy of 42%. That’s $70,671 a year. What if you rent your home more aggressively? If you’re able to keep
So far, so good. But we need to consider expenses, fees, and taxes.
VRBO charges $499 annually. If you’re only booking
Avon doesn’t collect sales or accommodation taxes from VRBO (or Airbnb, or any short term rental company). STR licensees are required to collect and remit 8% of the price paid for the rental of accommodations in the Town of Avon; 4% sales tax and 4% accommodations tax. They also must get a $75 STR Business License and renew it every year.
The largest two expenses are going to be the property itself and your time. For the property itself, you’ll need to take care of snow removal, lawn care, and general maintenance. You’ll have to budget to handle larger repairs like the room and septic. You’ll need to pay for insurance (which can be higher on
As a very rough gauge, call it $12,000 a year in assorted upkeep costs and $8,575 in taxes, credit card fees, licensing, and VRBO’s subscription fee. You’re keeping $50,000 out of that $70,061, which is more than enough to pay the mortgage and get a great place to vacation.