Convert your fractional asset into passive income!

Coveted Stays by The Coveted Group is your hassle-free, revenue-generating rental solution. As an approved Inventory Owner, you can effortlessly list your properties across the most prominent rental platforms, including Airbnb, Vrbo, Booking.com, Coveted Stays, and more.

Leave the heavy lifting to us. Submit your inventory, relax, and watch the rental income flow. Coveted Stays takes care of everything else. You can withdraw a portion or all of the nights you submit at any time and without any associated fees (at this link). Explore other frequently asked questions or review the Agreement, Terms, and Conditions section below.

Ready to start earning rental revenue? Click to expand each section in the form below and submit your inventory.

August 2023 Update

We hope you enjoy the following feedback from our Coveted Stays rental program at Flora Farms, since its official launch in March of 2023. Coveted Stays has generated over $65,000 USD in revenue from 66 nights of rental. The rental revenue translates to an average nightly rate of  $1,105 USD —encompassing all dwelling types: 3-bedroom, 2-bedroom, 1-bedroom, and studios.

During the period of March thru July 2023, there were a total of 4,500 potential nights available on the farm. However, only 105 (or 2.3%) of those nights were available to the Coveted Stays program. Out of those made available, we successfully rented 66, resulting in an Occupancy Rate of 62.9%. Owner Payouts exceeded $43,000 and Inventory Owners achieved average net incomes of 65.96%. Coveted Stays attained a net income of 9.75% after expenses of 24.29%.

Booking Lead Time represents the average duration between a guest's booking and check-in date. During this period, Coveted Stays renters typically made reservations within an average lead time of 39 days before their check-in date.

The Average Nightly Rates for Flora's different accommodations during this period averaged as follows —Haylofts 2 Bdrm: $1,284, Cottages 3 Bdrm: $1,031, Cottages 2 Bdrm: $1,028, Haylofts 1 Bdrm: $749, and Haylofts Studio: $518.

Booking Lead Time represents the average duration between a guest's booking and check-in date. During this period, Coveted Stays renters typically made reservations within an average lead time of 39 days before their check-in date.

Nightly Rates for Flora's different accommodations during this period averaged as follows —Haylofts 2 Bdrm: $1,284, Cottages 3 Bdrm: $1,031, Cottages 2 Bdrm: $1,028, Haylofts 1 Bdrm: $749, and Haylofts Studio: $518.

Frequently Asked Questions

Can we deposit any number of nights into Coveted Stays? Yes, as a Flora Farms owner, you can deposit any desired quantity of nights into Coveted Stays.

Are renters obligated to book a minimum number of nights? Yes, currently, Coveted Stays employs a minimum requirement of 2 nights. This duration was determined after conducting experiments with longer minimum stays, where we surprisingly found that having a lower minimum night requirement resulted in more bookings.

Can we withdraw our inventory from Coveted Stays anytime and without incurring fees? Absolutely. You can withdraw a portion or the entirety of the nights you deposit into Coveted Stays at any time without any associated fees at this link.

How much do we make when we rent through Coveted Stays? Owners receive 70% of every rental, less a deduction of $148 per rental for the Welcome Stocking fee. The Welcome Stocking refers to the assortment of pantry and refrigerated items provided by Flora Farms for each check-in.

What happens if a renter cancels? If a renter cancels within 60 days of their check-in date, the entire amount is due and non-refundable. For cancellations made more than 60 days prior to check-in, the renter is required to pay a 51% deposit, and the remaining 49% balance is due 60 days before their reservation. Any amounts paid by the renter are non-refundable. If a renter fails to pay their 49% balance, they forfeit the rental, and you would receive your portion of the 51% deposit.

When am I paid for rented inventory? You will be paid once the renter has paid their full rental amount, which can be between 1 to 60 days before their check-in date, depending on when they make their booking.

What are the Terms and Conditions? Please click to expand and read the Agreement, Terms, and Conditions section above.

What are the chances my inventory will be rented? The probability of renting your inventory increases with the duration it is listed. An owner with a nine-month listing is more likely to secure rentals than one with only a one-month listing. On average, owners can achieve occupancy rates of around 50%, meaning that if you list 14 nights for rent, about 50% of those nights are likely to be rented.

Should I be concerned about the vetting process? There's no need to worry. Flora's concept and nightly rates effectively serve as a self-vetting mechanism, ensuring the quality of renters. Plus, Coveted Stays renters are also obligated to sign a Lodging Agreement and pay a Damages Deposit prior to their arrival.

Does this mean all owners are going to rent now? No. Our experience shows that most owners prefer using their inventory rather than renting it out. Owners who choose to rent typically have other plans or schedule conflicts in a given year that prompt them to consider renting.

If you have any additional questions or would like to discuss this opportunity further, please contact us.