10 Best Places to Buy a
Vacation Rental Property

Do you know the 10 best places to own a vacation rental property? Where the Cap rate is strongest? Where any restrictions are minimal?

Well fasten your seat belt, hold on tight, and let’s run through the best places in the U S of A to maximize your short-term rental profits.

The analysis our team performed ranked each town based first on profitability - what is the average short-term rental revenue divided by the typical local costs. ie. the Cap rate.

Next, we took into consideration seasonality. Certainly it’s more profitable and easier to manage properties that are booked ten months out of the year than six. Seasonality is a primary driver of a short-term rental’s ROI.

And finally, our analysts accounted for the qualitative factor of any regulatory restrictions. Higher occupancy rates and better dynamic pricing can be achieved in communities that do not restrict length of stay. This too is a key revenue driver and simply makes rental management more manageable.

So without any further ado, here’s the ranked list:

The 10 best places to own a vacation rental in the USA:
1) Sevierville, TN … 8.7% cap rate
2) Key West, FL … 8.2% cap rate
3) Seaside, OR … 7.6% cap rate
4) Marco Island, FL … 7.5% cap rate
5) Myrtle Beach, SC … 7.2% cap rate
6) St. George, UT … 6.8% cap rate
7) Huntington, VT … 6.3% cap rate
8) Davenport, FL … 6.2% cap rate
9) Dauphin Island, AL … 5.9% cap rate
10) Maggie Valley, NC … 5.7% cap rate

At Plus Vacation Rental, we handle the day-to-day rental management so vacation rental investors minimize their hassle. We use best-of-breed dynamic pricing software to maximize their occupancy and revenue. Investors get maximum income with minimal hassle, so they can buy more properties and focus on investing!​
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The folks at Plus+ Vacation Rental have created the ultimate free guide for vacation homeowners - 'Vacation Rental Best Practices - An Owner's Guide'.  Download your copy today!


​Benefits of using the guide

The vacation rental industry is constantly growing and new vacation homes are popping up throughout each and every community. If you’re looking to stand out in the crowd and significantly increase your rental income from your vacation home, you’re going to need to ensure that you’re focused on best practices to maximize the rental experience for your guests, so they continue to rent your vacation home year after year.

Our free owner’s guide works to provide the tools, information, and resources that vacation home investors seek, all in one handy and easy to reference guide – no more searching for information. Simply use your free copy of ‘Vacation Rental Best Practices – An Owner’s Guide' and gain access to the information you’ve been searching for.

We all know that owning and renting out a vacation home takes a whole lot of time and dedication. Having all of the essential tips and steps in an easy to read guide takes the stress out of setting up your vacation rental.

Check out some of the tips and steps included in the guide
 
To give you a taste of what’s included in the guide, here are some of the great tips and steps that vacation homeowners should consider in their quest to showcase and list their vacation property and drive engagement and bookings.

• Set profitable rental goals – understand the key weeks or periods in the year and the expected rental income you could receive, being mindful of the percentage that you need to offset the ownership costs and expenses and focusing on the fluctuation of demand.

• Check compliance – this might be a tad dry; however, it is essential to check local and state governments', permits, health code regulations, insurance, HOAs and income tax to ensure you understand your regulations and tax requirements. 

• Focus on your cleaning and maintenance – your vacation home rental requires a dedicated and committed cleaning service to do spring-cleans, deep cleans and cleans after guests. Ideally, this group may also meet and greet guests if you require someone on the ground to assist with this.

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• Set up your vacation rental home to suit guests – your vacation home shouldn’t be strewn with all your personal belongings. Cut back the clutter and make sure all the essential elements in your vacation home are in good working order for guests, including dishwashers and appliances.

• Carry out a maintenance plan – your vacation home is going to need upkeep, so layout a maintenance plan to ensure your home stays in good shape for both your investment needs and also for guests.

• Make your home welcoming – treat your guests with a lovely bowl of fruit, fresh flowers and a welcome book upon arrival, so they feel welcome and at ease.

 

• Create a vacation home listing that pops – your vacation home listing is by far one of the more critical pieces in the puzzle, and you need to ensure you have listed the features and benefits of your vacation home and why people should choose your property over someone else’s. You also need to list on all the top sites (we include all our top 50 listing sites here.)

• Lay out the rules and policies – while your guests are likely to be dream renters, you should lay out rules for pets, additional guests, smoking policies, parties, music, and trash collection.

• Set up a rental rate table – your rental rate calendar outlines the rates of your vacation home throughout the year including seasonal highs and lows and school holidays. You should keep this table available on your listing and update your availability calendars across all platforms.  
  

• Market and promote your property – once you set up your listing the renters will need to be marketed to. The vacation home rental world is a competitive one and you’ll need to ensure you are properly promoting your listing to get the inquiries you’re searching for. Our top 50 listing sites is a great tool for getting a feel for the listing sites we suggest to boost your bookings and increase your chance of reaching your target audience of vacation home renters.

That is just a taste of what’s in our Vacation Rental Best Practices - An Owner’s Guide. Want to read more? Download your free copy today!


Plus+ Vacation Rental makes vacation home rental bookings simple

At Plus+ Vacation Rental we‘re all about making it simple for you to market, promote and manage your vacation rental property. We work for you to get the booking income you’ve only dreamed of.

Our professional copywriters create a compelling listing for your property, we list your property everywhere it should be on the global vacation rental listing sites and then we continue to market your property across social media channels, search engines and through re-marketing.

We even handle pre and post-stay communication on your behalf! If you’re looking for someone to synchronize your calendars across listing sites and ensure you get premium property management for your vacation rental listing – Plus+ Vacation Rental is your clear choice.

 

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Get the Guide!
Download your free 29-page premium eBook!  You'll get everything a property owner needs to know about vacation rental best practices.

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