The current Covid-19 pandemic has created a volatile market for short-term rentals and vacation properties. In fact, short-term rental bookings in Texas declined by 85% as of April 15th, 2020. With social-distancing guidelines and stay-at-home orders in place across the country for the foreseeable future, it’s safe to say that people will not be leisurely traveling anytime soon. However, this doesn’t mean that short-term rentals and vacation properties can’t be monetized during the Covid-19 crisis.
Zumper’s National Rent Report for April has an “optimistic view for the long-term as the rental market will not be impacted as deeply as industries like travel and hospitality.” Transitioning your short-term rental and vacation properties to long-term or flexible-term rentals is a profitable consideration to make.
Hiring a third-party property management company will ensure that the transition of your short-term rental and vacation properties to long-term rentals happens with ease and efficiency. PMI Profit Realty is here to market, fill, and manage your properties in the San Antonio, TX and surrounding area.
This crisis has not been kind, but we can help make it manageable by ensuring that your rental properties continue to be profitable.
Contact us for more information at: 210-213-3655 or sam@profitrealty.com.
