TOP TIPS TO SET YOUR VACATION RENTALS RATES

Key Largo Cottages17 Feb, 2023Real Estate

Setting the right rates for your vacation rentals can be a bit of a challenge. In our infographic, you can easily check out the top tips to set the best rates for your vacation rental. CHECK THE COMPETITION Search for similar short-term rentals in your area on the major vacation rental websites. Take a look at what they are setting as nightly, weekly, and monthly rates for their vacation rental. Check which dates these competitors have an as high and low season. LOOK AT YOUR EXPENSES To calculate your vacation rental rates as well as the number of days you will need to be booked to make a profit, start by estimating your expenses. Include taxes, mortgage, utilities, insurance, and the possible costs of ordinary repairs, emergency repairs, and renovations.