In Some Markets, Vacation Rentals Take Off During Covid-19 Remote Work Trend

In Some Markets, Vacation Rentals Take Off During Covid-19 Remote Work Trend

Vacation home rentals are growing in destination markets like Palm Springs, California. Vacation home rentals really hit their stride during the Covid-19 pandemic as many people switched to remote work. The ability to juggle personal and professional pursuits under the same roof continues to take center stage, even as many people return some parts of their life to "normal." According to a recent Bankrate story, there is a growing trend of homeowners in vacation areas, especially in outdoor-friendly destinations, looking to rent their homes to visitors. This goes beyond tourists and encompasses repeat visitors traveling to a destination to work and relax in the same place. Mike Flannery, CEO of Acme House Co. and Flannery Exchange, agrees. His company rents vacation homes in destination markets like Palm Springs and has seen tremendous growth during the pandemic. He reports many repeat visitors staying in his company's rental homes multiple times per month, often for at least five nights at a time. "We have several guests that have stayed with us once a month for the past six months," says Flannery. This also presents an interesting opportunity for those looking to invest in real estate. Ian Jeffries, a public relations executive in