As a property owner, you’re likely curious about what’s driving pricing decisions for 2025 and how it will impact your vacation rental. The rental market is evolving rapidly, shaped by changes in traveler behavior, demand patterns, and economic conditions. Here’s an overview of what the market is telling us for 2025, what to expect, and how we’re setting your property up for success. What’s Driving Pricing Changes for 2025? Higher...
As we move through 2024, the vacation rental market has presented a unique set of opportunities and challenges for property owners. The market remains vibrant, but several key trends have emerged that are important to monitor in order to maximize the success of your rental property. Rising Demand Paired with Rate Adjustments This summer, there has been an uptick in overall occupancy rates, which saw a 6% increase compared...
We’re excited to share some great news with our homeowners – the introduction of our New Homeowner Protection Plan (HPP)! This plan is like a superhero for your vacation rental property, offering extra protection beyond what typical homeowners’ insurance covers. With HPP, owners can now relax, knowing they’re shielded from all sorts of risks linked to vacation rentals. Whether it’s a small accident like a broken lamp (coverage up to...
We are thrilled to announce a new era of convenience and collaboration with the launch of our brand-new Owner Portal! Welcome to Owner X Our Owner Portal is designed with you in mind, offering a streamlined and user-friendly interface that puts the power of property management at your fingertips. Whether you have one property or a portfolio, this portal is your central hub for all things related to your investment....
As we reflect on the year gone by and gear up for the challenges and opportunities that lie ahead, we want to share key insights from 2023 and strategy for 2024. The San Diego vacation rental landscape has seen fluctuations, and it’s our commitment to navigate these changes strategically to optimize success for your properties. 2023 Recap: Understanding the Landscape In 2023, the Average Daily Rate (ADR) remained stable compared...
Thinking about venturing into the world of short-term rentals (STR) in the beautiful city of San Diego? Whether you’re considering turning your own home into a vacation rental or investing in an STR property, San Diego has much to offer. However, before you take the plunge, it’s crucial to be aware of the key STR ordinances in the City of San Diego. Understanding the STR Landscape The STRO (short-term rental...
At Penny Realty, Inc, we’re always on the lookout for ways to enhance the value and sustainability of your property. Today, we’re excited to discuss the benefits of embracing solar power – a decision that not only contributes to a greener planet but also brings several advantages to your investment. Cost Savings: San Diego’s abundant sunshine presents a golden opportunity to harness solar power and reduce your electricity bills. By...
