Every year, owners of the 1.38 million short-term properties must face a dilemma. They must decide which vacation rental platforms to list their vacation home on.
Deciding which website to promote your home is challenging yet vital. It's the difference between a successful investment and a world of complications.
You've come to the right place if you own a vacation home in Long Island. Our real estate experts will walk you through the best vacation rental sites for a bright future!
1. Airbnb
As of 2023, over 150 million guests use the renowned online marketplace. The vast audience is the most crucial reason for opting for its services.
There are also several other reasons to choose Airbnb. One of which is that it allows you to have a range of accommodation types. For instance, you can have an entire home, a private bedroom, or a budget-friendly shared room.
Airbnb also has a host guarantee program. This protects your space and gives you peace of mind, knowing that the firm will cover up to one million dollars in damages. You might pay higher rates, but it acts as insurance if you experience problematic guests.
2. Vrbo
Vrbo is the second-most popular site for vacation rentals on this list. In 190 nations, the firm has over two million properties.
The website is unique and differs from most on this list. The company only lists entire apartments or villas. Guests don't have to worry about common areas or sharing the house.
Another distinctive feature is the fee. You have two payment options: an annual payment of $499 that allows unlimited bookings. Or you can pay per booking at five percent (plus a three percent processing fee).
Low fees, a broad audience, and strict rules make it a desirable strategy for building wealth.
3. Booking.com
Geert-Jan Bruinsma created Booking.com in 1996 so users could browse hotels in one space. Today, the company employs 20,000 employees and has broadened its horizons to flats. The business is so committed to the idea that there are now millions of short-term rentals.
The website also specializes in local tours, transportation options, and flights. When someone is planning a trip to Long Island, they will recommend your space. In return, it will boost your sales and expose brand awareness.
The only thing to acknowledge is that Booking.com takes 15% of your earnings.
4. TripAdvisor
People know TripAdvisor for its reviews and for assisting 463 million tourists monthly. But it also provides a platform to list your vacation rentals.
By listing your home, you tap into a user base seeking accommodations that rely on previous reviews. The platform lets you set your terms, including pricing and house rules.
The company only charges a three percent commission fee for every transaction. Furthermore, TripAdvisor has updated its user-friendly settings, such as messaging within the app. This shows its dedication to hosts and helps retain great guests.
Utilize the Best Vacation Rental Platforms in Long Island
Long Island is one of the most highly contested regions for short-term rentals. With 50 miles separating the streets of New York and the golden sands overlooking the ocean, it is easy to see why.
After reading our guide, you learned about the vacation rental platforms to utilize this opportunity. To showcase your home among the crowds, work with a firm with two decades of experience and hire our PMI Gold Coast Properties management team!
