Owning a vacation rental can be a great move, but you need to know what you are getting into. With the rise of Airbnb and HomeAway, booking a vacation rental for a trip is almost as commonly thought of as booking a hotel. It is still a commitment in terms of both time and money. When you have a vacation rental, you have to keep it furnished and with working appliances. That said, there’s a lot to learn before taking the leap yourself.

That’s a tiny fraction of what you have to spend for vacation rental turnover costs. Buying a vacation rental property represents the culmination of hours of hard work, an acute attention to detail, and a thirst for the one thing passive income investors covet the most: cash flow. The big advantage to buying a vacation rental property is the potential rental income you could make by renting out your investment property. There is a variety of marketing channels and resources at your fingertips should you choose to self-manage your vacation rental. Appliances and Furnishings Don’t Need to Be Maintained. Here’s a look at the best places to own a vacation rental property in 2019 according to Rented.com, the world’s largest platform connecting owners of vacation … Many homeowners have had their interest in owning a vacation rental piqued after seeing how much travelers enjoy their rental experiences. 4. Property taxes, maintenance costs and insurance also add to the overall cost of the home. The good news is the internet has made it easier than ever. While it may initially seem like owning a vacation home is not affordable, there may be a great solution to this problem. Rental property websites like, Airbnb, VRBO, and HomeAway have changed how people vacation. Owning a Vacation Rental is Easier Than Ever . 6 Pros of Owning Vacation Rental Property Pro #1: Rental Income. Owning a vacation rental is a fantastic way to bring in extra income on a monthly basis or even diversify your property investment portfolio. Whether you rent a home in a long-established vacation spot or you’ve just listed a second home on Airbnb, increasing your property’s value will likely always be top of mind. Owning a vacation rental has become increasingly popular over the past few years. If a guest arrives and something’s not working, you’ll get that phone call and have to take care of it immediately. I’m not saying it is easy to own a vacation rental.


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