Anyone use VRBO (Vacation Rentals by Owner) to rent any of their properties? Seems like a middle ground between AirBNB and having a professional management team.
I live in Florida but have a second home/vacation rental that's rented on a weekly basis in Virginia Beach, mostly between May/September. Given the distance, I go with the agency that manages 300-plus homes in the area, and pay the 18 percent commish, though there are 50 or so VRBO homes there.
I've been looking at two investment possibilities within 45 minutes of me here in Central Florida. Both seem like good VRBO fits and, in fact, several neighboring properties are rented this way. It seems VRBO works best, like many landlord situations, when you're a reasonable drive over to deliver keys, deal with issues, etc.
Anyone have any experience with this?