Arrived November 2023 Property Performance

Jan 11, 2024

Arrived November 2023 Property Performance

Here with a leasing and booking update for November, where our portfolio of single family residences and vacation rentals generated $731,095* in revenue. Because of the holidays and some delays with our partners, this report took longer than expected. Thanks for your patience!

Rental income dividends are paid quarterly in January, April, July, and October to investors.

Single Family Residentials

In November, we secured new tenants for 11 Arrived single family residential homes across 8 markets for an average lease duration of 18 months. Of these homes, 8 properties were leased over 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 had a stabilized occupancy of 87.80%* with 265 occupied properties* collecting a total of $513,220*+ rent revenue in October.

November leasing activity

*All rents listed are per the property’s lease agreement and what we expect to collect for the property’s lease term. 

Vacation Rentals

November gross booking revenue & guest ratings

In November, Arrived vacation rentals generated $155,867 in gross booking revenue for 34 booking-ready properties*. We launched 2 new vacation rentals, The Koi and The Billingswood, on booking platforms such as Airbnb and VRBO in November We are excited to share that our vacation rentals have an average guest rating of 4.87*.

The Alta is expected to be booking-ready at the end of January, while The Vita has been delayed until February due to holiday shipping issues for materials. For more details on upcoming vacation rentals, see each property’s page for detailed status updates.

The Loop, The Pointbreak, and The Seafoam were properties experiencing a management change in November, which resulted in lower booking revenue. Details on the management change can be found on their property pages.

The table below presents each bookable vacation rental’s gross booking revenue and guest rating score in November. 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. 

November vacation rental guest ratings by property

*Gross vacation rental revenue from the month of October reflects bookings from 11/1/2023 through 11/30/2023. Our guest rating is a weighted average for all bookable vacation rentals from the property’s bookable date to current (11/30/23).

Want to stay at an Arrived vacation rental? Add it to your Airbnb wishlist ✨ 

Vacation Rental Status Updates

In November, we successfully launched 2 new vacation rentals on popular booking platforms such as Airbnb and VRBO — The Koi in Phoenix and The Billingswood in the Catskill Mountains. 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, design, furnishing, and obtaining permits.

Estimated booking-ready dates for upcoming vacation rentals

Learn more about our vacation rental preparation process.

*These figures include only stabilized IPO properties. All figures are unaudited and may be subject to change.

*Stabilized Occupancy includes homes that are occupied or are 90+ days rent-ready from their initial improvements (single family residential properties only). Properties may be removed from stabilized if significant impairment outside of the ordinary course of operations requires material action for an extended period of time.

*In an effort to improve the accuracy of our property performance reporting, we will be adjusting the content and cadence of some metrics to provide the most accurate information in alignment with associated SEC filings.

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

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Webinar: Investing In Arrived

Ryan Frazier, Arrived CEO, and Cameron Wu, VP of Investments, will be hosting webinars to talk about how to get started with rental property investing. Sessions are held on Tuesdays at 9am PST and Fridays at 1pm PST each week (unless otherwise posted).