Should you invest in Airbnb, VRBO, and other short term rentals in the space coast, Brevard county Florida, or should you go somewhere else?
Location is one of the most important aspects when it comes down to having a short-term vacation rental.
Brevard county, is a hidden gem for some real estate investors, but is it the place for Airbnb? Afterall is said and done, and you're all in, are you going to be making serious life-changing money or is it best to go somewhere else?
Homes that offer experiences for the occupants should be prioritized. Location. Location. Location. Examples of an "experience":
Homes with bars built into them
Creative interior design homes that really provide interactive experiences for the guests [similar to that of a themed home]
Finally, Mansions. Seriously though who doesn't like a good mansion party and event house?
I guess, in Brevard County, Florida size really does matter.
12-months of Stats
Statistically speaking the average for the entire county within the past 12-months Nov20-Nov21 is roughly $189/night. That's for all bed counts and all occupancies.
However 5-beds+ seemed to be making some serious bang for their bucks.
Not too shabby, but what really matters is the occupational rate.
Occupancy Rate for County wide all beds/occupancies:
Occupancy Rate for 5-beds+ across the county:
Available supply & Revenues County wide all beds/occupancies:
Market Revenue and the average number of nights booked per listing in a given time period County wide all beds/occupancies::
Revenue per night & Lead Time for County wide all beds/occupancies::
Revenue per night County wide all 5+ beds:
Available Supply Across the County [your competition]:
Available Supply Across the County for 5+ Beds [your competition]:
Moral of the Story
If you're going to want to overcome the fact that you're going against a group of investors, bigger and more "experience worth" = better money in your pockets.
Is Airbnb, VRBO, & Short-term Vacation Rentals dead in Brevard County, FL?
No, you just need to be able to do what your competition isn't doing. Think bigger, think better, think more fun and experience. Create an experience that makes people go "WHOA". Then you'll be that filthy rich investor you've always dreamt of. Become the best and list on every single website that is out there.
Investment Management, Mentorships, and Partnerships
As you know, our company is a little different than our competition. We want our clients and customers to win big and have access to a pool of opportunities.
If you're ready to purchase your first investment, or need someone to help teach you the ropes, or maybe you just need someone to do the property management, you know how to reach us.