First Vacation Rental!
Vacation rental owners! I just bought my first vacation rental in Sandpoint, ID and it seems to be doing really well as is. When I bought it, I originally believed I would need to put in a lot of work in order to make this property profitable. This has fortunately turned out to not be the case! It is a 3 bed, 2.5 bath and I'm asking $250/night. It has gorgeous water views and private access to Lake Pend O'reille. The private access trail is steep and not easy to get down to the water, and getting back up is another beast. I have plans to add stairs eventually. I will also be plowing the steep driveway up to the house consistently.
I am very interested in hearing the opinion of other vacation rental owners in Idaho, Washington and California and what advice you might have for short-term and long-term plans I could put in place for this rental. I’d also really love to hear how other vacation rental owners are feeling about their rentals during this market shift!