Buying Vacation Rentals
I own several vacation rentals in different states and love to talk about how this is or can be a profitable business for you. There are some homes worthy of a vacation rental depending on your price point.
The benefits of vacation rentals are:
- Revenue is 2-3 times the amount of revenue compared to a standard one-year rental in the same area
- Block off timeframes for use with your relatives
- Guests leave the home in great shape - there's no moving furniture in and out, they're probably out of the home visiting, and they're looking forward to the instant damage deposit refund.
- Outsource things like cleaning and landscaping to create more of a passive income.
Contact me if you'd like to know more!