If you’re looking for a great place to invest in a vacation rental in 2023, the United States has plenty of cities that are hot for the upcoming year. From sunny Florida beaches to California wine country and dazzling Nevada casinos, here are 50 of the top cities to consider when investing in a vacation rental.
Stationed together at Fort Campbell, Alexander Buchanan and Steven Brown visited Nashville often. Once they moved from Army life to civilian life, they decided, separately, to move here. From there, their story and business took off.
We had a few questions for the majority partners of Grand Welcome Nashville, which owns the Nashville, Smoky Mountains, and Austin markets of the Grand Welcome franchise — a short-term vacation rental concept. Here’s what they had to say.
Whether you’re a property owner with experience managing a personal rental or you’re simply a business-minded individual with a knack for strong customer service, Grand Welcome is, quite fittingly, a welcoming franchise opportunity for just about anyone.
Brandon Ezra started Grand Welcome with a handful of condominiums in Mammoth Lakes and grew his property management company to be one of the largest in that destination. That was the start of a larger vision and the umbrella growth of Grand Welcome.
Today, Grand Welcome is a fast-growing franchise system leveraging the highly fractured, $81 billion-dollar short-term vacation rental market. With 738 properties under management nationwide, and sales projected at $48 million, Grand Welcome expects to nearly double their 2021 sales of $25 million, in 2022. Entrepreneur magazine has named Grand Welcome a 2022 Top New and Emerging Franchise.
Grand Welcome featured in HouseDigest. The vacation rental industry is projected to reach $18 billion in 2022, with an annual growth rate of over 2%. With this knowledge in mind, turning your home into a vacation rental isn’t a bad idea, especially if you live in an area that people like to travel to.
— Fast-growing Franchise Expects to Approach 1,000 by End-of-Year and Continues to Expand Franchisee Network Nationwide —
TORRANCE, Calif., Aug. 15, 2022 /PRNewswire/ — Grand Welcome, one of the fastest growing short-term vacation rental management franchise concepts, announces that it has surpassed 750 properties nationwide in its franchise network, representing a more than 200% year-over-year increase. Franchisee and revenue growth have doubled in 2022, as well, as the franchise has developed innovative operational strategies to aid franchisees effectively scale their businesses.
While it’s hard to find a job that feels like a vacation, Grand Welcome – the leader in short-term rental property management – might be just about as close as you can get.
There’s no denying that the short- and long-term rental industries took a hit in 2020 after the start of the pandemic. But in the years since, the numbers have shifted, as emerging trends like remote work have created an environment of increased mobility and location flexibility. This has reinvigorated the vacation rental industry, which is now forecasted to increase at a compound annual growth rate of 5.3% from 2022 to 2030, according to a report from Grand View Research.
Whether it’s working with homeowners looking to rent their space for a portion of the year or working with individuals looking to monetize an investment property, Grand Welcome gives franchisees the opportunity to build a business in full-service, vacation-rental property management.
