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What is Vrbo
VRBO or Vrbo stands for Vacation Rental By Owner and is an OTA website similar to Airbnb. VRBO has been around since the 1990s and is a more established service. Like Airbnb, you can reserve properties that homeowners have put for rental. There are many options, including houses, rooms, apartments, and more.
How does Vrbo work?
Vrbo is part of the HomeAway family, the world’s leading online marketplace for the vacation rental industry.
With more than 1 million paid vacation rental listings in 190 countries, they offer the largest selection of properties for any travel occasion and any budget. Vrbo is committed to helping families and friends find the perfect vacation rental to create unforgettable travel experiences.
Vrbo properties can be managed by the homeowner or a property manager representing the homeowner (but you only qualify to use a property manager with the service if you own more than 10 properties). Most of them are empty houses (that is, no permanent residents are living in them) that are available to rent year-round.
What are the requirements for listing on Vrbo?
Before you start listing your rental to VRBO, you’ll need a few items in hand (don’t worry, they’re pretty basic):
- The address of the property
- Digital photos of your property, as well as amenities, will help sell your place!
- Rental rates (keep in mind how much you want to earn)
- Bank account information so that Vrbo can pay you
How do you earn money on Vrbo?
These days, tons of people are succeeding in renting their second homes (or primary homes!) through rental websites like Vrbo.
How much money can you make on Vrbo?
Vrbo hosts earn, on average, about $1,500 a month, according to the Denver VRBO rental market report.
Pros of listing on Vrbo
- The apparent benefit of renting your home at Vrbo is that they are convenient and affordable ways of listing your home for rent, and they maintain some customer accountability.
- Guests and hosts are invited to leave feedback on each experience, which is public information for other potential visitors to view.
- And of course, there is the money. If you have a vacation home that you only use once in a while throughout the year, you can rent it to other people who might be interested in visiting the area in the off-season or outside of your window of occupancy.
Cons of listing on Vrbo
- The first and most important thing is whether or not it is legal to rent your home with this service.
- Taxes are also a consideration. Again, laws vary between cities and states, but generally, you must report to the IRS most of the income earned from short-term rentals and pay applicable taxes, with (if any of it) qualifying for write-offs.
- A homeowner’s policy may not cover damage caused by guests.
How do I sign up to list on Vrbo?
As expected, the registration process is incredibly easy. Just click “List your property” in the upper right corner of the website.
What is the website for Vrbo?
Does Vrbo have an app?
The Vrbo Owner app was designed to bring back the vacation rental by owner concept, giving you real control of your vacation rental business. It is available for both iOS and Android.
While earning additional income from renting your home in Vrbo is attractive, the reality is that it can become a full-time job. Managing a property is not easy, and if you are going to offer one for rent year-round, there are going to be a lot of things to keep tabs on. Make sure you’re ready to take on the challenge before paying that service fee for a list.
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