Here with a leasing and booking update for June, where our portfolio of single-family residences and vacation rentals generated over $563,730 in revenue.
Rental income dividends are paid quarterly in January, April, July, and October to investors.
Single-family residentials
In June, we secured new tenants for 19 Arrived single-family residential homes across 11 markets for an average lease duration of 23.3 months. For these 19 homes, 94.7% leased for more than the forecasted amount — that’s all but 1 property! All rental income generated from Arrived properties benefits its investors by adding to the property’s cash reserves or being paid out as future dividends.
Overall, Arrived single-family residential properties have a stabilized occupancy of 93.51% with 234 occupied properties collecting a total of $442,571 rent in June.
June leasing activity
Vacation Rentals
June Owner’s Revenue & Occupancy
In June, Arrived vacation rentals generated $121,159 in owner’s revenue with an average 63% booking occupancy rate for 24 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 4.83.
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 June. 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.
June 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 6/1/2023 through 6/30/2023. Occupancy data includes days booked for each property from 6/1/2023 until 6/30/2023.
Want to stay at an Arrived vacation rental? Add it to your Airbnb wishlist ✨
Vacation Rental Status Updates
In June, we successfully launched 6 new vacation rentals on popular booking platforms such as Airbnb and VRBO — The Hickorybear, The Longbranch, The Loop, The Myrtle, The Pasquin, and The Smokey. 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.
