Vacation Rental Bookings Starting to Slow? Do This ASAP!

The vacation rental market is starting to get hit hard, especially as we wind down into winter. Your lakefront property may have bookings in the summer, but as soon as the ice forms, the water starts to freeze, and so do your bookings. But just because you own a vacation rental property doesn’t mean you can ONLY rent out your space on a short-term basis. Instead, one quick trick may allow you to rent out your space even during the harshest months.

The formula is simple: swap your short-term rental for a medium-term rental! You can keep the same furniture, same listings, and same cleaners, but lower your turnover while obliterating any chance of vacancy. Don’t believe us? Amelia was able to convert her short-term rental into a medium-term rental and get it booked in just a few hours! All of this for a lakefront property in chilly Iowa during the coldest months imaginable!

Amelia walks through the purchase price, profits, and expenses from this property and how easy it is for you to follow this same strategy! Now, even during the off-season, you can still cash flow, no matter where your property is!

00:00 Converting to a Medium-Term Rental
00:35 Buy in These Markets
02:04 Profits on a $105K Property
06:32 Tips for Short-Term and Medium-Term Rental Success


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Grab the New BiggerPockets Book on Medium-Term Rentals:
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Check out Last Week’s Episode on Creative Financing Strategies:
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3 Ways to Monetize an Empty Short-Term Rental Right Now:
https://www.biggerpockets.com/blog/monetize-empty-short-term-rental?utm_source=youtube&utm_medium=description&utm_campaign=none
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Medium-Term Rentals—How to Get BIG Cash Flow Out of Small Properties:
https://www.biggerpockets.com/blog/real-estate-679?utm_source=youtube&utm_medium=description&utm_campaign=none
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Short-Term Rental Research Sites Mentioned in This Video:
AirDNA: https://www.airdna.co/biggerpockets
Mashvisor: https://www.mashvisor.com/checkout?plan=Standard_Annual&coupon=BIG&
Furnished Finder: https://www.furnishedfinder.com/
Airbnb: https://www.airbnb.com/
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Connect with Amelia on BiggerPockets:
Amelia: https://www.biggerpockets.com/users/ameliam21?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Amelia and Grace on Instagram:
Amelia: @ameliajorei or https://www.instagram.com/ameliajorei/
Grace:@grace.investing or https://www.instagram.com/grace.investing/