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Anyone rent out your home with vrbo?

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Anyone rent out your home with vrbo?

Old 05-11-2017, 04:13 AM
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Default Anyone rent out your home with vrbo?

We are thinking about buying a second home in a small beach community about an hour from where we live. It won't be on the beach but in town within a few minutes from the beach. We mainly want it so we can spend a night or 2 there 2-4 times a month.

We are wondering about renting it on vrbo but would love to hear some pros and cons for those of you that rent your homes like that. I like the idea of making some money off it but hate the thought of having strangers in our home.
Old 05-11-2017, 05:38 AM
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I have multiple vacation rental properties and have been doing it for going on 16 years. I have seen many changes especially with VRBO.
When I started advertising with VRBO I paid $99 a year and had links to my own website. Then Home Away came along and bought them and the crap started hitting the fan. My advertising rates jumped 10 fold and I was paying $1050 a property to be a platinum property.

Now Expedia bought Homeaway and they are pushing property owners nto their book it now system. It is $499 a house. The guest pay a variable rate fee to VRBO upwards of an additional $125 on my property. I no longer have a link . I no longer have direct access to guests' emails. All my correspondence must go through the VRBO portal. I don't trust VRBO Expedia . I could go on.

If your real question is how do you make a go of it renting your place, well send me a PM and I can point in the direction.
Old 05-11-2017, 06:10 AM
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I just started with VRBO at my sugarloaf property (Lower Keys) Seems that it has really got noticed. The problem in the Key West or my area is that it's a minimum 28 day rental, you must also go through a licensed real estate broker and there are multitude of Taxes and Fees in MORON COUNTY.
So far it has been or will be rented 4 times, only December is left so I'm happy with the $499. annual.
re: 285 Southpoint Drive
I'm OK with paying 15% to the broker as she is very careful who gets to rent it and also keeps an eye on the place while I'm up north.
Old 05-11-2017, 06:15 AM
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If you plan to rent by the week then you need VRBO or something similar.

If you plan to rent by the month or season (one tenant for multiple months) you should try Craigslist. We do it this way and have had amazing success with great tenants. I place an ad then send a link to a facebook page that has photos and all the info. Works great.
Old 05-11-2017, 06:19 AM
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We have a beach house in OBX. When we rented we only rented to friends or friends of friends. We did not charge top dollar but it was on the terms that you leave the cottage the way you found it. We did this for years with out any real issues and found that it was easy to keep rented through our net work of friends. If someone came in and found the cottage not cleaned we had a cleaning crew that would come in and we would subtract that from the prior renters deposit. Only happened twice with little issue.
Old 05-11-2017, 07:33 AM
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Originally Posted by SmokyMtnGrady View Post
I have multiple vacation rental properties and have been doing it for going on 16 years. I have seen many changes especially with VRBO.
When I started advertising with VRBO I paid $99 a year and had links to my own website. Then Home Away came along and bought them and the crap started hitting the fan. My advertising rates jumped 10 fold and I was paying $1050 a property to be a platinum property.

Now Expedia bought Homeaway and they are pushing property owners nto their book it now system. It is $499 a house. The guest pay a variable rate fee to VRBO upwards of an additional $125 on my property. I no longer have a link . I no longer have direct access to guests' emails. All my correspondence must go through the VRBO portal. I don't trust VRBO Expedia . I could go on.

If your real question is how do you make a go of it renting your place, well send me a PM and I can point in the direction.
X2
Old 05-11-2017, 07:37 AM
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I have a ski condo in Telluride.
Been using VRBO for a long time. It has gotten better over time and now I use it exclusively.
www.vrbo.com/47845


The auto book / auto pay is great. Really streamlines the process.

^^Not sure what Kennyboy experienced, but if you log into your admin - all the guest contact information is there and you have TOTAL control of the process. You can communicate outside the vrbo system if you like.
I do both with cc email.

I much prefer the book it now system.
Old 05-11-2017, 07:54 AM
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Originally Posted by kennyboy View Post
X2
x 3


VRBO is going the way of flip key, they do NOT want you to have any contact with the renter, that eliminates all the vetting you would do by emailing and speaking to them, hold your rent and deposits, in other words, turn over your rentals to them, no calling or "getting a feel" for the renter. If you are ready to just hand the control over to a computer, as there will not be any human contact by anyone, then it's great. If you use a local realtor, keep in mind that they will work for the renter, not you.


You can make $$$ but don't think that all you have to do is sit back and let the dollars flow and all renters will be perfect! And if someone ever damages your property and you hold a portion of the deposit, get ready for them to give you a scathing review out of spite!


We've been renting our Keys house for 19 years, and when we control the rental we've had great results.
Old 05-11-2017, 09:01 AM
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We use air bnb and have for 2 years now with good results
Old 05-11-2017, 09:12 AM
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We have been with VRBO for the past 10 years. They have recently started pushing their rent it now thingy which is a disaster. Trying to communicate with potential renters is much harder and the system constantly screws up pricing. They are just getting greedy. Hopefully. Someone new will come on the scene or they will fix the new system.
Old 05-11-2017, 09:36 AM
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On the flip side, as a renter myself who has used VRBO for years all over the east coast, I find it getting worse. Once Homeaway took it over it seems like the cost went up. Places got more expensive, cleaning fees, owners fees, vrbo fee now at over a hundred dollars. Pay the ENTIRE fee upfront, months in advance of the rental, PLUS security deposit, months in advance? WTF! It's no longer listed at $/week, it's give you a price per night, then by the time you book it's another $75 per night on top

I understand homeowners needing to pass costs along to the renters, but it has taken the charm out of the whole thing. I enjoy the contact with the owner if they are local, getting the rundown of the house, local knowledge and tips, their expectations etc

We're currently looking for a 2 or 3 bedroom house in the keys for a week in mid July and lot's of tiny places are all now $2000 per week for a 900 sq ft half of a duplex. Damn. The costs have gone up to the point where I'll consider a stay-cation.

Hopefully, another service comes along to what VRBO used to be. (And if anyone has a place in the Keys for a week starting July 8, hit me up, shameless thread hijack)
Old 05-11-2017, 09:45 AM
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If you hate having people in you're home it's not for you. They are going to F everywhere which I can't get past. My ex sister travels the world for he past couple years. Gets 2k per week on her dump of a house in San Diego she paid 190k for.
Old 05-11-2017, 09:52 AM
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Why not use AirBNB instead of VRBO?
Old 05-11-2017, 11:42 AM
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Originally Posted by PiperMachine View Post
On the flip side, as a renter myself who has used VRBO for years all over the east coast, I find it getting worse. Once Homeaway took it over it seems like the cost went up. Places got more expensive, cleaning fees, owners fees, vrbo fee now at over a hundred dollars. Pay the ENTIRE fee upfront, months in advance of the rental, PLUS security deposit, months in advance? WTF! It's no longer listed at $/week, it's give you a price per night, then by the time you book it's another $75 per night on top

I understand homeowners needing to pass costs along to the renters, but it has taken the charm out of the whole thing. I enjoy the contact with the owner if they are local, getting the rundown of the house, local knowledge and tips, their expectations etc

We're currently looking for a 2 or 3 bedroom house in the keys for a week in mid July and lot's of tiny places are all now $2000 per week for a 900 sq ft half of a duplex. Damn. The costs have gone up to the point where I'll consider a stay-cation.

Hopefully, another service comes along to what VRBO used to be. (And if anyone has a place in the Keys for a week starting July 8, hit me up, shameless thread hijack)
x1000!!! I agree totally. VRBO, for a renter, is a shell of what it once was. Good deals are going to the wayside. I don't want to pay an additional couple hundred dollars to VRBO or these booking agencies that list property. I automatically filter to owner rented properties only and will only book with ones that will communicate freely back and forth.
Old 05-11-2017, 11:45 AM
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Been a VRBO client for 12 years. They have become a bit of a pain but I am still able to get email notices from the prospective guests. $500 a year. I just ended my listing this year as our place is booked three years out.
VRBO gets you plenty of exposure but as others have mentioned they are ripe for a competitor taking over.
Old 05-11-2017, 12:46 PM
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I used to advertise on VRBO, but no longer. I use a great local management company now. She has been managing vacation rentals for years, and she is good at weeding out problem people. She also advertises all over on her dime. I think in certain areas renters are afraid that when renting on Craigs List the house is not even owned by the advertiser, and they get scammed. Very common in Key West.

I am going to try THT advertising and see how it works.
Old 05-11-2017, 02:22 PM
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Originally Posted by elpez View Post
x 3


VRBO is going the way of flip key, they do NOT want you to have any contact with the renter, that eliminates all the vetting you would do by emailing and speaking to them, hold your rent and deposits, in other words, turn over your rentals to them, no calling or "getting a feel" for the renter. If you are ready to just hand the control over to a computer, as there will not be any human contact by anyone, then it's great. If you use a local realtor, keep in mind that they will work for the renter, not you.


You can make $$$ but don't think that all you have to do is sit back and let the dollars flow and all renters will be perfect! And if someone ever damages your property and you hold a portion of the deposit, get ready for them to give you a scathing review out of spite!


We've been renting our Keys house for 19 years, and when we control the rental we've had great results.

Totally agree with keeping it personal-- I email or talk to every prospective guest before they book. I specifically ask them if they read my terms and conditions and if they are aware of the limited parking.

It also creates more of a personal touch and less likely there will be issues and poor review. I was on the phone yesterday for 20 minutes with a past guest from AZ who wanted to rent again. We were booked so I gave him the low down on other units in the building.


After years of renting, I don't collect a security deposit. Waste of time and a hassle - and the only issues I have had is with the cleaning crew stealing.

I have found the rent it now works good after checking in with the guest.
not perfect, but workable.
Old 05-11-2017, 02:28 PM
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As a renter on VRBO I enjoyed the owner contact it gives you a feel for the owner and their property. I doubt I will go with VRBO any more if I cannot communicate directly with the owner.
Old 05-11-2017, 02:36 PM
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Originally Posted by r.waddill View Post
As a renter on VRBO I enjoyed the owner contact it gives you a feel for the owner and their property. I doubt I will go with VRBO any more if I cannot communicate directly with the owner.
Yeah, we're users as well and really liked the option to speak directly to the owner. Now we just use a rental agency. Of course the owner of the house we typically rent lives in the adjacent house. We usually spend at least one dinner with them while we're there. Sweet people. Though, this year we're in a different house since they were booked.
Old 05-11-2017, 05:09 PM
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We use HomeAway and VRBO as renters ... funny how I try to book and it says the properties are not available and then in the next day or two (after I already have a reservation somewhere else), the owners call saying .... "you were asking about my property"? This must have something to do with the owner wanting the personal contact but the site trying to keep the transaction all business.

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