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
SHI2003: Recruiting and Keeping Employees with Stefanie Nolan & Nancy Giles
SHI2002: Dr. Doug Hallenbeck - Building University Relationships
SHI2001: Eli Routh - Operational Marketing?
Behind The Biz: Mike Spencer with StudentHousingSites.com
SHI1010: NMHC Student Housing Conference
SHI1009: Susan Folckemer-Structuring a PBSH Deal
SHI1008: Choosing the GC and an intro to a new co-host
SHI1007: Choosing a Management Firm for Student Housing
SHI1006: What to Expect this Season
SHI1005: Jerry Presley - Do students need internet access?
SHI1004 - SPI - Why Interior Design Needs Priority
SHI1003: Todd Meckley - The Pursuit for the Perfect Plans
SHI1002: Gretta Dare - Marketing is research!
SHI001: Why am I doing this podcast?
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