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Vacasa Targets Urban Rental Market by Helping Developers Fill Vacant Units

Sean O'Neill photo
Sean O'Neill
vacasa multifamily building short-term apartment rental

Photo Credit: Shown here is an example of a small multi-family residential complex that could be served by Vacasa, a well-funded rental management service, which is introducing a program that offers management services for property developers. Vacasa

Skift Take

Vacasa's interest in partnering with property developers to put more short-term rentals in multi-family communities is part of a broader trend toward greater professionalization of the market. But not all of the players entering the market may avoid being bruised in an eventual economic recession.

Vacasa, a vacation rental property management service, has begun to provide its services to real estate developers and property managers for their temporarily vacant units in multi-family residential communities. Until now, the Portland, Oregon-based startup has offered property management services for more than 10,000 properties that are typically whole-home rentals in traditional resort destination markets. Now it's also asserting its place in the urban, short-term rental market. Vacasa is signing long-term lease agreements with real-estate professionals. It agrees to handle compliance with local regulations and tax laws, the marketing of properties online, the screening of guests, the monitoring of noise levels during guest stays through the use of electronic devices, the providing of local and online customer service, and ra

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