Air B&B's vs VRBO's
Anyone have any hands on experience as
guests/clients or your own vacation rental investments?
I'm anxious to hear from folks who've had personal hands on experience with both. We will be expanding our VRBO portfolio and are curious to know which may be the better choice for the quality of clientele/guests, ROI and ease of managing.
I've heard various opinions about how difficult it is to schedule both without some degree of conflict and/or confusion.
BTW, I just read Fred Griffin's two questions re: Air B&B's and VRBO's and found some very interesting opinions, attitudes and philosophies about this cottage industry that just seems to be getting bigger, better and more successful by the year.
I do realize that there are a lot of municipalities and neighborhoods protected by HOA's and CC&R's who are resisting this movement in much the same manner that taxi drivers are resisting UBER and LYFT, however, it doesn't seem to be slowing it down let alone stopping it.
I understand and empathize with this dilemma inasmuch as it does pose certain problems and tends to disturb the status-quo of otherwise quiet residential family communities and that has to be addressed and dealt with.
However, in destination tourist and vacation communities it's a train that's already left the station and there's no turning back albeit there will be a price to pay in the way of Transient Occupancy Tax (TOT) on the rack rates for this type of rental activity. This is only fair and to be expected.
I personally don't have a problem kicking my fair share into the kitty. After all it is a business for profit and participating and accepting communities should be allowed to derive some benefit for this privilege.
Have a Happy, Healthy & $Prosperous$ 2017 & beyond!!