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The fifth annual Report is brought to you by Rented, Inc., the leader in Revenue Management Services for Vacation Rental Property Managers in conjunction with Weiss Analytics
ATLANTA - OhioPen -- Rented Research partnered with Weiss Analytics to rank vacation rental destinations by the cost of ownership, short-term revenue potential, acquisition cost, annual appreciation, and projected changes in asset value.
"Our findings uncover the most lucrative locations to buy real estate where the cost of ownership is outweighed by the returns vacation rentals provide. This year, our bustling global economy came to a screeching halt with the travel industry at the center of a near-collapse," said Andrew McConnell, founder and CEO of Rented, Inc. "Hospitality is still front and center, but it's become clear that there is more to vacation rental investment management than finding a property and someone to keep things clean."
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The list is designed to be an initial guide for sellers, buyers, and owners of short-term and long-term vacation rental properties. It can also provide value to property managers who are looking to expand their footprint into new destination markets or for additional insights into the areas where they currently operate, said McConnell.
This year's projections include an 18-month COVID impact. Fly-to and urban markets have taken the most substantial revenue hit, but these are short term and might provide more negotiating power in real estate purchases, the report said.
"The pandemic is changing real estate market conditions across the nation. The realignment of housing markets is creating new opportunities for investors who do their research and take a long-term view of the potential for markets that have been overlooked," said Allan Weiss, founder and CEO of Weiss Analytics.
Download the Full 2020 Rented Report Here
About Rented, Inc.
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Rented, Inc. is the world's largest Full-Service Revenue Manager for professional vacation rental companies. Rented, Inc.'s Revenue Management Service provides local managers with a dedicated team of full-time professional revenue managers enabled and enhanced by Rented, Inc.'s best in class data and technology. Rented, Inc. does not give you suggestions; it delivers bottom-line results.
Rented, Inc. was founded in 2012 and is headquartered in Atlanta, Georgia with representatives all over the US.
About Weiss Analytics
Weiss Analytics provides the next generation of home price indexing, forecasting, and analytics and is the only provider of house-specific repeat sales indexes in the US. Founded by national housing index expert Allan N. Weiss, co-founder of Case Shiller Weiss, Weiss Analytics combines leading industry experience, proprietary analytics, and state-of-the-art significant data computing power to deliver revolutionary products with unprecedented resolution. Weiss Analytics is an independent and trusted information source for home buyers and sellers, real estate professionals, financial institutions, and hedge funds.
"Our findings uncover the most lucrative locations to buy real estate where the cost of ownership is outweighed by the returns vacation rentals provide. This year, our bustling global economy came to a screeching halt with the travel industry at the center of a near-collapse," said Andrew McConnell, founder and CEO of Rented, Inc. "Hospitality is still front and center, but it's become clear that there is more to vacation rental investment management than finding a property and someone to keep things clean."
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The list is designed to be an initial guide for sellers, buyers, and owners of short-term and long-term vacation rental properties. It can also provide value to property managers who are looking to expand their footprint into new destination markets or for additional insights into the areas where they currently operate, said McConnell.
This year's projections include an 18-month COVID impact. Fly-to and urban markets have taken the most substantial revenue hit, but these are short term and might provide more negotiating power in real estate purchases, the report said.
"The pandemic is changing real estate market conditions across the nation. The realignment of housing markets is creating new opportunities for investors who do their research and take a long-term view of the potential for markets that have been overlooked," said Allan Weiss, founder and CEO of Weiss Analytics.
Download the Full 2020 Rented Report Here
About Rented, Inc.
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Rented, Inc. is the world's largest Full-Service Revenue Manager for professional vacation rental companies. Rented, Inc.'s Revenue Management Service provides local managers with a dedicated team of full-time professional revenue managers enabled and enhanced by Rented, Inc.'s best in class data and technology. Rented, Inc. does not give you suggestions; it delivers bottom-line results.
Rented, Inc. was founded in 2012 and is headquartered in Atlanta, Georgia with representatives all over the US.
About Weiss Analytics
Weiss Analytics provides the next generation of home price indexing, forecasting, and analytics and is the only provider of house-specific repeat sales indexes in the US. Founded by national housing index expert Allan N. Weiss, co-founder of Case Shiller Weiss, Weiss Analytics combines leading industry experience, proprietary analytics, and state-of-the-art significant data computing power to deliver revolutionary products with unprecedented resolution. Weiss Analytics is an independent and trusted information source for home buyers and sellers, real estate professionals, financial institutions, and hedge funds.
Source: Rented, Inc.
Filed Under: Business
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