You’ve got extra real estate, and you want to make money by using it as a vacation rental. It’s a great idea, but many people are lost when it comes to turning that idea into a reality. Among the many hurdles you’ll face when trying to rent out your vacation property is attracting interested vacationers to your property. That’s where Airbnb comes in for most. It’s hard to ignore Airbnb’s remarkable functionality. Its streamlined platform offers more than four million vacation rental listings around the world, with nearly 500,000 stays booked each night. That’s a platform that can work [...]

If you are thinking of the best way to advertise your vacation rental property, you’ve probably already started looking at some of today’s most popular rental listing sites. But in our current digitally-driven world, it can seem like there’s an overwhelming number of potential listing sites to vet and explore when trying to get your vacation property listed. With tons of listing websites available on the internet now, the question is, how do you decide which one is best for you? At Minnestay, a main feature of our full service vacation rental property management are our professional listing creation services. [...]

Buying a rental vacation property is a big decision that requires a considerable amount of research and time. You will need to run your vacation property like a business so as achieve the maximize return on your investment as possible. With so much competition and new vacation property listing websites emerging every day, how do you make your rental property stand out from the rest? At Minnestay, we know a thing or two about managing vacation rentals. Here are a few actions we recommend you take to ensure that your vacation rental is receiving maximum visibility in your target market. [...]

Investing in vacation rental property can be a lucrative source of passive income for years to come. How much money you can make from your vacation property rental depends on a multitude of factors, such as the location of your property and on how much money you have invested in it. According to Airbnb, an average property owner makes about $11,000 a year. However, HomeAway statistics are higher, and it claims that their average property owner earns about $33,000 a year in rental income. While renting out your property requires a robust comprehensive strategy, the effort is often worth [...]

Investing in rental properties has become increasingly popular in the last two decades or so. In fact, vacation property investment has become a billion-dollar industry, and the future of this market looks just as promising. Vacationers are looking for easy and affordable ways to fit trips into their budgets and schedules and many vacation property owners are banking in on this desires to see increased rentals. All over the country vacation property owners are making significant profits renting out their vacation homes, and the Twin Cities and surrounding Minnesota areas are no exception. OWNING A VACATION PROPERTY AND CREATING A [...]