Investing in Vacation Rentals?
I am interested in investing in vacation rentals, but I'm not sure where to begin learning. Can anyone advise on books or other information that has helped you gain knowledge in this area? Any advice or help is appreciated greatly!
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Honestly - the best place for on the ground information you are going to get is through FB groups. Some of them have 1,000s of people in them and they would all be able to talk you through it.
From an investment angle, BP makes more sense because you can bounce ideas off of other people here for investing in different areas of the United States and get information that is useful.
But, let me say this - we have 12 condos and they rent extraordinarily well. But, the condos with the best lakeviews rent more often (30% or better) The ones closest to the amusement park rent better. The ones closest to the lake rent better. The ones with the biggest TVs rent better.
Travelers pay attention to the details and will rent what gives them the most bang for the buck. So make sure to consider theses angles when buying as well.
Best of luck, Mike