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…
Real Estate Investing
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…
Benefits of Owning a Vacation Rental: Enjoying Both Profit and Fun
Vacation rentals are a smart investment choice. They often increase in value over the years, and the income they generate can help you to offset the costs of owning and maintaining a second home. Plus, they provide you with benefits that you cannot get through a typical rental property (such as a place to retire…
Destination Spotlight: Port Aransas, Texas
Port Aransas, Texas (affectionately called “Port A”) is a small island community that is popular for summer living and beach combing. Population The 2010 Census reported 3, 480 residents in Port Aransas. More recent data has shown a small increase in the population, however the area is known for mostly second-homes and vacationers. It is approximately 30-minutes…
Affording a Vacation Rental Property: Things to Consider
Owning a vacation rental property can be an exciting way to make extra income. However, it is also a significant financial investment. Affording a vacation rental home is one of the first concerns investors have before they begin to search for properties. As a result, you need to be sure that you can handle the costs…