Jan 10, 2023
It's quite possible that your
short term rental is not the right size. I don’t necessarily mean
the square footage, but more specifically the number of
bedrooms.
For example, when it comes to size, I have
found little difference in the performance of an STR based on
overall size. For example, I have studios as small as 250 square
feet and then one bedroom in the same city up to 800 square feet
and the performance is essentially the same. One isn’t noticeably
outperforming the other.
When
you look at the number of bedrooms however, and not the size that
is when things change.
If you take that same 800 square foot one
bedroom and compare it with a two bedroom of the same size the
performance could be drastically different! Even though the size
has not changed.
So how do we figure this out? Good news, we
have several ways.
Let's discuss this week if you are missing out
on some opportunity by not having the right number of bedrooms and
what you can do about it. We will discuss:
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