Are you intrigued by the Private Accommodations market (aka Vacation Rentals or Short-term Rentals) and just can’t get past the idea of staying in someone else’s house…or bed for that matter? Ever thought owning a vacation rental property sounded great and just weren’t sure if it would pay for itself, or where to start? If […]
In Part 1 we discussed how your objectives should align with your decision to RBO or contract with a PM. In Part 2 we’ll discuss some of the challenges with the industry and how taxes may have an influence on your decision. Are you prepared for unexpected? In life, things happen – and usually at […]
I’ve talked to a number of perspective vacation rental owners and many have immediately stated they either want to manage the property themselves (RBO) or hire a Property Management company (PM). Regardless of their decision I have to ask why they made that decision. Often times it’s based on a limited amount of information, often […]
Back to: Location, Location, Location Zig when they Zag – my suggestion on location: walk the area. Real Estate agents, even those that specialize and manage short-term rentals, aren’t good at recommending a location. I’ve bought/sold many properties and have talked to many more agents – each one recommended purchasing where all other investors have […]
Location, Location, Location You’ve heard this many times and it’s never been more true than with short-term rentals. Guests aren’t staying in your property very long and they’re willing to pay a little more to have a preferred location / view – especially in the offseason when rates and occupancy are more competitive. The […]
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