WRE News September 26, 2023
Buyer
Revnest, a Boise, Idaho-headquartered platform, has launched a global marketplace exclusively designed for vacation rental properties.
According to Revnest, the new platform is built from the traditional MLS model of providing essential information about each home, such as the number of bedrooms and bathrooms, square footage, lot size, and year built. Additionally, buyers on Revnest can access detailed data on individual properties including historical seller reports encompassing financials, operating expenses, revenue, occupancy rates, and average daily rates.
Revnest also provides Vrbo/Airbnb links for buyers to see the vacation rental, along with reviews, listed price per night, and calendar occupancy. Furthermore, Revnest offers its free listing service for sellers and agents, and buyers are able to browse listings and send direct messages to the owner or agent.
“Until now, finding existing vacation rentals for sale and similarly, a place to list your vacation rental for sale, has been difficult,” said Stefan St. Marie, Revnest co-founder and chief technology officer. “Short-term rentals are not just a house, they’re a business, which makes them a square peg in the current residential listing model. That’s why we launched Revnest.com.”
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