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 3008 - Pt 2, Market Data & The Crystal Ball
SHI 3007 - Pt 1, Market Data & The Crystal Ball
SHI 3006 - 2018 Summer Turn Episode with Lincoln Ogata
SHI Behind the Biz - Appalachian University Systems
SHI 3005 - ACUHO-I with Dr. Alvin Sturdivant
SHI 3004 - Transportation & Students Part 2 (Interview w/ Doug Martin of Transpar)
SHI 3003 - Transportation & Students Part 1
SHI 3002-Amazing SEO, Untangling the Web
SHI Behind The Biz - Helping Students Build Their Credit Score!
SHI 3001-From Site Level to the C-Suite!
SHI 2012: Mental Health & College Students
SHI 2011: Rich Kelley, Interface Conference, & something we are doing with Snapchat
SHI 2010: An Interview with Dan Oltersdorf
SHI 2009: Thoughts on the Campus Connex Conference
SHI 2008: Taylor Gunn from Axiometrics
SHI 2007: Behind The Biz - Carter Young, Inc.
SHI 2006: University Affiliations and Partnerships - Dr. Anne Stark
SHI 2005: Let's talk about Pets! - John Bradford
SHI2004 Pt 2.2 Culture & Leadership - You have to be Intentional!
SHI2004 Pt 2.1 Culture & Leadership - The origin story of Cardinal Group
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