Last summer we asked the question if it makes sense to list vacant student housing apartments as short term rentals on platforms like Air BnB. The conclusion? In most cases it will probably work, but we highly recommend having a service provider partner with you as it is very management intensive and also opens the door to a lot of liability when a management company does it themselves. The service provider we recommend is Vector Travel! They do this for a ton of student housing clients and they get the challenges of introducing a transient business model to a student housing property.
With the COVID 19 pandemic causing extra vacancy in a lot of student housing markets, we wanted to bring in Vector Travel's CEO, Mickey Kropf, to talk about how the short term rental has been impacted by COVID 19 and how they can help the student housing industry turn their vacant units into short term rental income that in some cases may outpace market rents.
If you want to hear our previous episode about short term rentals, click here!
To get more information from Vector Travel and to qualify for ZERO fees on the first month of service, go to www.VectorStays.com/SHI
SHI 0406 - The Summer Turn Board
SHI 0405 - Ancillary Services w/Andrew Smith
SHI 0404 - Beyond Our Borders
SHI Special Announcement Episode - Introducing the SHI Community
SHI 0403 - How to Create Harmony at the Site Level
Behind the Biz with LEAP
SHI 0402 How to Market & What to Focus on During Spring Break
SHI 0401 Interface Conference Preview with Rich Kelley
SHI 3013 - Infinity War - The Incentive Battle
Motivating & Marketing to Today's Students (and how to apply it to Instagram)
SHI 3012 - PROMO GEAR, The Age of Extra; w/Amanda Banken
From the Summit Ep.1 LEGACY over Promotion w/ Jacki Pingel
SHI Podcast - LeaseCon 2018 Recap
Fall 2018 Conference Preview Pt 3 - NMHC
Fall 2018 Conference Preview Pt 2 - SHB LeaseCon
Fall 2018 Conference Preview Pt 1 - SHI Regional Summit
SHI 3011 - Social Media & The Successful Crusade featuring Michael Newton
SHI 3010: Rising Construction Cost w/ Giny Knudsen
SHI 3009 - Pt 3, Market Data & The Crystal Ball
SHI 3008 - Pt 2, Market Data & The Crystal Ball
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