Owning a vacation rental can be very lucrative, especially in Arizona where we tend to see a migration of snowbirds coming from the north to roost here for the warmer temperatures from the fall into the spring. But with so many listing sites for vacation rentals how do you choose the one that works best for you? Here are a few things to consider before you list your vacation rental:
- There are multiple sites to choose from when selecting where to post a vacation rental, so don’t forget to investigate them as well as these two well-known ones.
- Fee Structure: What costs will you as the owner face by using one of these sites? Will you face a credit card fee? Do you have to sign up for a subscription? Do you pay a percentage to the hosting site when your rental gets booked? To make the best choice for your investment you’ll want to consider these expenses before listing it just anywhere.
- VRBO is great for longer vacation rentals, while Airbnb is more popular for short weekend trips. How do you see your vacation rental being used? If you’re planning to rent a property within an HOA what are their rules?
- Renting the whole space, or just want to share space? VRBO’s site will only allow for full dwelling space rentals (so a house, apartment, townhouse, condo, etc can be rented). On the other hand of it, Airbnb will allow it’s owners to just rent out a room in an entire house or an apartment and share space with the owner, or share space with other travelers, as well as providing a full house or apartment to a single guest. It depends on what you are willing and able to do.