Beach rental folks… how has your summer been so far? I saw a pretty significant decrease for June and July from 2021. More competition in my market seems to be driving down my nightly rate.

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Additional Posts in Short Term/Vacation Rental Real Estate

For those with beach rentals, how far out do you like to have your whole summer booked? The majority of my bookings come in the 7-14 days ahead of time, because I price my property aggressively and rely on low availability in the area. I see other similar units that are fully booked for the summer at about 60-70% of my nightly rate and get a little frustrated.

Bought first property in August 2020. Bought second property in January 2022. Already on the hunt for a third unit when the right deal comes along!
What kind of numbers do you look for in a short term rental? My rule of thumb is an average nightly rate of .1% of purchase price. So far we have stayed under $175k with each place and for 2021 averaged $178 per night with 63% occupancy for the year.

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Can someone give me any tips to get my first rental property. Under valued markets? Anything like that

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