Business

By now, you've acquired a fantastic rental property and built up a helpful support system. It's finally time to let vacationers and other renters know you're open for business! How you market your vacation rental property will leave an important first impression on potential tenants. And with as much competition as there is at most vacation destinations, you may not get a second chance to...

Many people understand the benefits of vacation rental properties but feel overwhelmed at the prospect of finding the perfect one. If you're in that group, then a turnkey vacation rental could be an ideal fit. Unlike the average house or condo with little or no rental history, a turnkey vacation rental has already been maintained and furnished specifically to house short-term tenants. If you use a turnkey...

So you've done all your due diligence and officially own a vacation rental property. Congratulations! You're well on your way. As you ramp up towards listing your property, your next step is to build up community support. By now, you're probably asking yourself a lot of questions about the logistics of opening and operating your rental. "How do I keep the place as clean as possible?" "What happens if I...

The acquisition phase is an exciting but also intimidating part of the vacation rental process. You probably have a few properties in mind and so many questions that it's hard to know where to start. In this guide, we’ll look at some of the most important things to keep in mind before making an offer on your next vacation rental.Location and Researching CompsLocation will be an important factor for your...

Much is written about how to manage a vacation rental property but not so much on how to successfully execute the transition during a sale. AirBnB and VRBO offer very little guidance on how to negotiate and transfer future bookings during a sale yet it is an important part of any transaction. Here are a few tips and best practices that will help you with a smooth transition when selling a vacation rental...

The COVID pandemic has given us all extra reasons to want to escape somewhere new, more square footage, outdoor space, a new view. As a result, sales in traditional areas popular for vacation homes have seen a huge jump in sales activity. A recent Redfin report found that eight of the 10 U.S. counties that have heated up the most over the past year are home to popular vacation spots, including Lake...

It's intimidating to choose the right town or even the right state to buy vacation rental property. If you invest in an area that is on everyone's radar, you risk buying property for much more than it is worth. But if you search too hard for the next breakout market, you'll introduce too much uncertainty to your financial portfolio. If you are seeking a stable market to buy a rental property, Santa Fe,...

It's easy to romanticize owning property abroad. Whether you're considering investing in Asia, Western Europe, Central America, or anywhere beyond or between, the urge to travel, immerse yourself in another part of the world, and generate income while you're at it is understandable. In Thailand, I met an Italian woman who owned property and a pizzeria on the coast. She kept her front door open and sang to...

When you first thought of investing in a vacation rental property, it's likely investing in a yurt didn't enter your mind. You probably imagined a patio with a stunning view, an inviting living room, and a cozy bedroom for visitors ready to rest their eyes after a long day of exploring. A yurt? What is a yurt? A yurt is a portable single-room structure used in Central Asia and Eastern Europe for thousands...

We’ve all dreamed about it: weekend nights spent by the beach in a cozy second home. For those investing in vacation rental property, the deal is made even sweeter by the fact that, when they are not occupying the house, somebody else is paying for the privilege. But it can be intimidating to know where to start looking for vacation rental property. The sinking feeling may even come over you that this...