Listing A Property on VRBO and AirBNB. Information Needed.

You aren't local? Honestly, if you aren't local I'd probably go with a rental company. If you aren't local it's very difficult and time consuming to manage your housekeeping and you are going to need someone to check on the property besides a housekeeper usually. What if your housekeeper doesn't show up? If you aren't local a housekeeping company is usually better for that reason.

You will need a maintenance guy, someone like one of those Odd job joes guys to replace toilet flappers, unclog toilets (you'd be amazed how many dumbass women call you about this probably 2-3 a year at least), Ac filters, etc.

Rental companies charge 15-25% but they usually save you some in housekeeping, maintenance costs, etc. Believe me I'm against them if possible, but if you aren't local it's tough.

You also need to figure out bookkeeping. Paying sales tax for one property is one of the more pita things just because it just takes 30 minutes or whatever but a slow month it could be $50 only.

Vrbo and Airbnb also don't like each other so they don't work well together it's a pita to have a property on both. Not a huge one, but more so than it should be. But you should still definitely use both.

As far as making a reservation and talking to guests, both vrbo and Airbnb apps are very good for that. I usually reply to guests in literally 30 seconds at most. Vrbo has pre-saved replies and Airbnb is usually casual messages.

Now about half your guests have additional questions but you can get to those emails when you have time.

You sure about that? 20-25% is pretty universally standard. The more competitive places have people offering 15%, 30% is not unheard of but I would get some realistic quotes once you have a property.

If you have not purchased a property yet And people told you 35-40% and you are looking at it as an investment, you may want to analyze the property as it may be one that the rental conpanies didn't think would rent very well and that's why the high quotes.

The property we are pursuing has an excellent two year history on VRBO and airbnb. I intend to get the sellers data for those programs in the deal.

The math is excellent with the management and housekeeping fees the seller paid with the current VRBO/airbnb program. Gets tight if I have to cut 35-40% of gross out for management.

FYI- just to let you know and everyone else that are doing these short term rentals. Chances are I would say your insurance policy DOES NOT cover these short term rentals. I would be willing to bet 90% of people that are doing these have no clue that there insurance policy does not over this. So if your home or property burns down or had any type of claim then you are not covered by your insurance including a liability claim. I would highly advise you to contact your insurance agent as discuss this because it is a high probility you are not covered. There are a few companies that I work with that do cover it but they are very few. Just an fyi

Use a company called Evolve to handle bookings and payment- they charge 10%. You never have to answer the phone. Line up your own housekeeper and get a local maintenance guy on call. Evolve is based out of Denver.

This.

Stay away from VRBO/Home Away now. Not only do they charge you a fee for listing your property, they also charge the renter a fee as well.

I've been renting out ski condos and a house in MT/ID since 2005. I use VRBO and book manually. I have a lot of repeat customers and word of mouth stuff. I've considered adding Airbnb but VRBO doesn't take a % and keeps me busy.

Watch out for lodging/hospitality tax. Also, I assume you're fine code-wise in Breck, but I know a lot of code-enforcement officers use VRBO/airbnb to bust violators.

Yes they do.

I booked a condo thru HA within the last month and I was charged a $90 fee by HA on top of my condo rental cost.