The real estate investment platform Here is one of the newest companies in the fractional real estate space and is allowing investors to become fractional owners of short-term rental properties for $1 per share with a minimum investment of $100. 

According to Here, vacation rentals generate up to 160% more revenue on average than traditional long-term rentals. This comes as no surprise considering Airbnb Inc (NASDAQ:ABNB) recently reported that the average daily rate on its platform is $164 and bookings were at an all-time high during the second quarter. 

The platform has fully funded seven properties so far, including the latest three that were released on August 16, 2022, and fully funded a day later. The total offering amount of the three properties was $2,260,132.

Mendocino - A three-bedroom vacation rental in Galveston, TX, a market with an average daily rate of $395, an average occupancy rate of 73% and average monthly revenue of $6,951.00.

Tanglewood - A three-bedroom vacation rental with a mountain view in Georgia’s Blue Ridge. The market has an average daily rate of $487, an average occupancy rate of 79% and average monthly revenue of $7,006.00. 

Hacienda - A 5-five-bedroom vacation rental sitting on about five acres in Santa Fe, NM. The market has an average daily rate of $1,112.00 for similar properties, an average occupancy rate of 85% and average monthly revenue of $27,971.00.

Photo: Courtesy of Here