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...
At the beginning of the COVID pandemic in early 2020 the vacation rental market took a big hit. Then, as work from home became the norm, demand skyrocketed for short term rentals in remote destinations. AirBnB “saw more nights booked for U.S. listings between May 17 and June 3 than the same period in 2019.”If you own a vacation rental in a beach or mountain vacation destination you likely saw an...
Selling your home can be stressful. However, selling your vacation rental can be even more complicated. Due to the nature of the transaction, with future bookings and entities involved, it can be quite challenging to navigate. Here are some tips to help you as you get started.Make decisions before listingAvoiding complications as you move through a sale can be resolved by making tough decisions up front,...
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...
As travel becomes more of a near term reality, it's a great time to start thinking about where you want to vacation and invest in vacation rental homes for sale. And with so many options now to work remotely, it's not far off to consider purchasing a vacation rental for sale abroad. Perhaps getting started seems intimidating but there are resources to help. Photo by Jackie Parker A great resource for...
A recent report from Redfin says mortgage applications for second homes soared 84% year over year in January 2021. As more and more people become accustomed to working from home, the demands for more space and more flexible living quarters has pushed the second home market to peak levels. The report also cites that home prices in seasonal towns rose 19% year over year in December 2020 indicating that more...
When buying vacation rental properties, it's wise to play the long game. Trends (and pandemics!) come and go, but you need to find a location for your next rental that stands the test of time. That way, years of earnings from your renters, and ever-increasing housing prices boost your initial investment. In the words of the Financial Samurai, "the best holding period for real estate is forever." Finding a...
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...
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