Vacation Rentals Business

Business Idea: Start A Vacation Rentals Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$102K
Avg Startup Costs
$18.9K
Score
75
Market Size
Avg Revenue
Min Revenue
$1.5K/month
Max Revenue
$295K/month
Avg Days To Build
60 days

Vacation rentals host travelers for a short period. Often located in top vacation destinations, vacation rentals feature spacious rooms and a cozy lifestyle and are cheaper than booking a hotel.

Building or buying a vacation rental is a smart way of creating a passive income without much involvement in the business.

To make money through the vacation rental business, ensure a strategic location, often nearby attractions. Choose an area that is easily accessible and desirable all year round and create a beautiful space for your guests.

Stand out by optimizing the vacation rental listing online and featuring all available amenities.

Revenue & Profitability

How much do vacation rentals businesses make?

Startup Costs

How much does it cost to start a vacation rentals business?

  • It can cost as low as $800 to start a vacation rentals business.
  • It can cost as high as $300,000 to start a vacation rentals business.

Learn more about the costs of a vacation rentals business.

Examples Of Successful Vacation Rentals Businesses

Successful vacation rentals business businesses and case studies

Tiny Away, a network of eco-friendly 'tiny houses' across Australia, has grown to over 75 private locations and brings in an average of $156,000 in monthly rental revenue, appealing to city dwellers seeking unique and comfortable accommodation experiences.

$295K Monthly Revenue
$300K Startup Costs
Read by 7,659 founders

Former banker builds a vacation rental cleaning service from $800 to gross over a million dollars a year, providing opportunities for underserved communities to provide income through connecting top-rated cleaners to hosts in need through a referral model offering cleaning services, marketing, sales, accounting, bookkeeping, technology and more while empowering cleaners to provide fair and sustainable pricing, offering free resources and education through a short term rental podcast, and expanding to help as many hosts and cleaning services as possible.

$120K Monthly Revenue
$800 Startup Costs
Read by 3,198 founders

See full list of successful vacation rentals businesses.