Here with a leasing and booking update for July, where our portfolio of single-family residences and vacation rentals generated over $629,154 in revenue.
Rental income dividends are paid quarterly in January, April, July, and October to investors.
Single-family residentials
In July, we secured new tenants for 20 Arrived single-family residential homes across 14 markets for an average lease duration of 20.8 months. Of these these homes, 90.00% leased for more than the forecasted amount.
All rental income generated from Arrived properties benefits its investors by adding to the property’s cash reserves or by being paid out as future dividends.
Overall, Arrived single-family residential properties have a stabilized occupancy of 92.00% with 238 occupied properties collecting a total of $455,629 rent in June.
July leasing activity
Vacation Rentals
July Owner’s Revenue & Occupancy
In July, Arrived vacation rentals generated $173,525 in owner’s revenue with an average 60% booking occupancy rate for 30 booking-ready properties*. We launched 6 new vacation rentals on booking platforms such as Airbnb and VRBO. We are excited to share that our vacation rentals have an average guest rating of 4.82.
We are scheduled to have 7 vacation rentals ready for booking by the end of September.
The table below presents the total Owner’s Revenue booked and occupancy rate in July. Overall, these vacation rentals have demonstrated strong ROI and occupancy is performing as expected. Newly bookable vacation rentals require more time to reach revenue potential.
July owner’s revenue booked and occupancy rate
*Owners Revenue is Gross Revenue minus any booking-related costs such as host fees, cleaning, taxes, etc. This number reflects bookings from 7/1/2023 through 7/31/2023. Occupancy data includes days booked for each property from 7/1/2023 until 7/31/2023.
Want to stay at an Arrived vacation rental? Add it to your Airbnb wishlist ✨
Vacation Rental Status Updates
In July, we successfully launched 6 new vacation rentals on popular booking platforms such as Airbnb and VRBO — The Coolbaugh, The Coquina, The Preciosa, The Sandbar, The Seafoam, and The Tiara. Each month, we provide additional updates on our property pages for vacation rentals that are not yet booking-ready. Preparing a property for booking involves various tasks such as renovation, designing, furnishing, and obtaining permits.
Estimated booking-ready dates for upcoming vacation rentals
Learn more about our vacation rental preparation process.
*These figures include IPO & NON IPO properties, but only ones that are stabilized.
The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. The views reflected in the commentary are subject to change at any time without notice. View Arrived’s disclaimers.
