We Had an Incredible February 2020, and the Stats to Prove it!

Between the Waste Management Phoenix Open (which routinely attracts 250,000+ spectators on Saturday alone) and Super Bowl Sunday occurring on February 1st and 2nd, respectively, we had an incredible start to the month, and there was hardly any downtime!

Our occupancy rate was 72.42%, which consisted of seven different groups enjoying their stay at our VRBO property. Since our occupancy rate goal for the year  is 55%, we are off to a great start in 2020.

Thankfully, our guests treated the property extremely well, which minimized the cost for repair. We did, however, decide to replace the toilet paper holders and a few of the towel bars with a sturdier version that could better withstand the constant use. The total cost of repairs added up to $256.38.

February ended with a net income of $12,748.10 prior to paying debt service, interest, insurance, and property taxes.  Since March is another popular tourist time in Scottsdale, we are looking forward to another lucrative month!

February Airbnb/VRBO By the Numbers:

Below is a graph which represents the breakdown of our revenue, expenses, and profit/loss. Hope this provides a more visual guide for easy tracking!

Interested in Scottsdale Investment Properties?

We would love to help you find the perfect investment condo or home in Scottsdale and the Greater Phoenix area. For more details on the area, or to schedule a showing for a listing you have your eye on, give us a call at 480-387-3990 or fill out our Contact Form.