Air B&B's vs VRBO's?

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!!

Why To Choose Us?

John DL Arenden, Broker 

TAG Real Estate Sales & Investments

TAG (The Arendsen Group) Real Estate Sales & Investments is a full service, one-stop, turnkey, family owned and operated real estate brokerage, General Contractor, Manufactured Home Contractor, Developer, Investor, Property Manager, Interior Design, Engineering, architectural, Landscape design, Expert Witness, Consulting, Curative Title and Troubleshooting company with over 100 years of combined experience in the San Diego real estate sales, construction, design & development arena.

 

 

 

 

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Comment balloon 5 commentsJohn DL Arendsen • January 01 2017 03:22AM

Comments

I used to manage some vacation rentals. We preferred VRBO but only because AirBnB wasn't big in my market. I recommend trying both and seeing if one performs better than the other. You should also benefit from the additional exposure.

Posted by Nathan Gesner, Broker / Property Manager (American West Realty & Management) 7 months ago

Thanks Nathan and Angie Gesner BTW, love WY. Lived in JH for a year back in the 60's.

Posted by John DL Arendsen, TAG Real Estate Sales & Investments Coastal Living (TAG Real Estate Sales & Investments, ON THE LEVEL General Contractor, Crest Homes Factory Built Housing Developer) 7 months ago

I started using VRBO to book places in Vail and Breckenridge for summer hiking. This year my wife and I boar a condo on the east coast of Florida as a second home but renting it when we were not there. We have had great success on VRBO doing weekly rentals. Unlike others in our complex we don't do monthly so we have maximized our profits. The difficulty in Florida is finding condos that allow for weekly rentals. Also, we have not booked a single tenant on AirBnB. I find VRBO much easier to use as an owner and they are suppoesed to be working with Expedia to allow vacation booking.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 7 months ago

That's great info Joe Pryor Our daughter manages our rental portfolio and we just added our most recent Oceanside purchase to the VRBO and Air B&B inventory both of which she's realized a reasonalbe degree of success with to date.

The good news is that Oceanside is such an aggressive and welcoming vacation/resort friendly community because that's the model they've designed for themselves. Whereas several other San Diego Beach communities are totally against transient flow.

So taking precautions and really doing your homework whence purchasing these types of properties is of tantmount importance. But then if you are not permitted to offer vacation rentals you can still rent/lease to longer term clientele because of the high demand for coastal living.

Posted by John DL Arendsen, TAG Real Estate Sales & Investments Coastal Living (TAG Real Estate Sales & Investments, ON THE LEVEL General Contractor, Crest Homes Factory Built Housing Developer) 7 months ago

I've got no experience with either.  

Posted by Chris Ann Cleland, Associate Broker, Northern VA (Long and Foster REALTORS®, Gainesville, VA) 7 months ago

Participate