Owning a vacation rental home is quite the experience. Unlike a permanent residence, you earn income from the property; but unlike a typical rental house, you get to enjoy the home with your own family, too. You get to keep your big chocolate-covered cake and eat some of it, too. But not every investment is…
Types of Vacation Rental Properties
Once you decide to buy a vacation rental home, you will need to decide what kind of property to purchase. There are many options, from single-family homes to cottages, townhouses, and cabins. The type you select will depend largely on (1 the area in which you are buying (2 the preferences of the renters you…
How to Calculate Potential Rental Income of a Vacation Home
Whether you are a first-time buyer or a seasoned real estate investor, the potential rental income of a property is an important factor in your decision. Some owners want to enjoy their vacation homes more and just supplement with a little rental income, while others want to rent more and profit as much as possible. But whatever…
The Little Extras that Vacation Rental Guests Love
Each vacation rental home may be different, but all owners want to have a wonderful renting experience that will result in a 5-star rating from the guest. Sometimes there are small details that can make a big impact on a guest’s experience. These simple examples might be enough to take an enjoyable stay to a “wow”…
The Best Friends to Make When You Own a Vacation Rental Home
When you own a vacation rental home, it might seem as if the property magically keeps itself in perfect order. However, when you buy a vacation rental property, you quickly discover that regular cleaning, maintenance, and attention to detail are necessary to keep your rental running smoothly. Building a strong relationship with a variety of people…
Define the Persona of Your Ideal Renter
How to Create a Vacation Renter Profile Who is the most ideal type of person to rent your vacation property, who would result in more profit and minimal headaches? For many owners, the description of their perfect renter is a lot like themselves. If you have a young family of four and 1 small dog…