[quote=sdduuuude]Short-term rentals make the revenue and return on investment look pretty good, until you put a dollar value on your time. I know people who have one house on VRBO and it takes alot of their time. You never get a vacation from it.[/quote]
Absolutely! You really have to put a value on your time. You will spend oodles and oodles of time on it. Especially if you do it right. Not to mention, you can spend a LOT of money marketing the property. I spend over $2,000 a year on each property advertising and marketing them. It’s not cheap.
Especially if you answer your own potential bookings. I do it all myself on ALL my properties and it’s a LOT of work. You can spend a lot of time. Emails, phone calls, etc. Of course it helps to put as much information possible on your listing so it will answer many of the same questions.
After a while you get it down to a science. I do agree it’s not for a lot of people but I know several people that make significant amounts of money doing it.
And of course it just depends on the actual property and the area and how desirable it is. I had a property a few years ago that I was getting $8,000 a week during the high season. Now THAT was a GREAT investment property.
