Unlocking the Profits and Pitfalls of Short-Term Vacation Rentals with Bethany Oakes

In this episode of Tennessee Real Estate Insider, host Allyson Spencer is joined by broker and Airbnb host Bethany Oakes to discuss the lucrative yet challenging world of short-term vacation rentals. They delve into the industry's $80 billion annual revenue, the benefits of platforms like Airbnb and VRBO, and share personal experiences and strategies for maximizing occupancy and setting your rental apart in a competitive market. They also tackle the hidden costs and maintenance challenges such as furniture wear and tear, cleaning expenses, and the importance of location and events in driving bookings. Stay tuned for tips and tricks on becoming a successful host in the next episode.

00:00 Introduction to Tennessee Real Estate Insider
00:23 The Rise of Short-Term Vacation Rentals
01:03 Personal Experiences with Airbnb
02:12 Maximizing Profit as an Airbnb Host
04:00 Evaluating Location and Competition
08:24 Handling Costs and Maintenance
13:06 Supply Management and Cleaning Tips
14:20 Conclusion and Next Episode Preview