Big bucks in Big Sky
Own a home in Big Sky, Montana? Then you might want to consider listing it on Airbnb before Spring Break rolls in. According to new data, the city offers the nation’s biggest Spring Break jump in short-term rental rates.
Spring Break riches
According to a new ranking from property management platform Guesty and short-term rental data firm Transparent, Spring Break offers Big Sky, Montana, homeowners potential for serious cash.
Those who list their properties during these key March weeks can earn 97 percent more than the rest of the year. Hosts can rake in a whopping $691 per night, according to the data.
Florida claims spots two, three and four, with Siesta Key, Cocoa Beach and Marco Island all offering serious cash potential during Spring Break. In Cocoa Beach, rates jump 118 percent over the average daily rate, clocking in at $412 per night.
At No. 5 is Winter Park, Colorado, where short-term rental hosts can earn $387 per night during Spring Break — a jump of 49 percent over the average daily rate.
Southern short-term rental hosts are the clear winner come Spring Break. In Arizona cities Scottsdale and Tempe, homeowners can make $387 and $232 per night, respectively. Scottsdale’s rates jump 98 percent during this period.
In Texas, South Padre, Austin, Jamaica Beach and New Braunfels are all hot spots. South Padre’s hosts stand to gain the most, with an average Spring Break rate of $296 per night.
Florida cities Clearwater, Daytona Beach and Hollywood all offer daily rates of $198 or above, while Tybee Island, Georgia, boasts a $231 average Spring Break rate.
Get today’s mortgage rates
Looking to buy a home and get in on the short-term rental game? Then shop around and see what mortgage rates you qualify for today.
Verify your new rate (Mar 1st, 2019)Original Article Posted at : https://themortgagereports.com/48266/spring-break-short-term-rental-demand-where-homeowners-stand-to-gain-the-most