All Forum Posts by: Brad Moncado

David, I love hearing this story.  I am so thankful for our passive income from our VR's!  :-)

all of mine are near me.  I have explored owning properties away from me as well.  How are things in Myrtle Beach?

Brian, I have mentored others to set up their business/properties but do not manage for others.

Brad :-)

It is good to see so much activity on this thread.  Sorry I have been away, we enjoyed CA at Yosemite and San Fransisco, then came home, and headed to St. Petersburg Beach, Florida, and Universal Studios in Orlando.  We got to experience the grand opening of Volcano Bay, the new Universal Orlando water theme park.  It was great!  Now back in Branson, MO acting like I am working again.  :-)  One last thing, there is a new Vacation Nightly Rental Community that we just launched that you can find at iOwnVR - search and find it.  Connect with us there too...

Caleb, what would you like to see happen from your VR's?

Paul, 

I haven't found software I am willing to endorse.  If you find one you like, please let me know.

Brad

Paul Faryna, See the thread i just posted replying to Dean.  Tourist cities are great places to own VR's, but only if you can buy the properties at a reasonable price.  Buying at a lower price will give you excellent cash flow opportunities.   It is amazing how many people i talk to that use airbnb for more than just family vacations.  I hope this helps!

Dean Hamilton, Here is a suggestion for you...go to airbnb and see how many listing are currently in the area you are thinking of doing a vacation nightly rental.  Also, think about this, it isn't just vacationers that use nightly rentals.  Business travelers, people visiting family during hospital stays, sporting events, etc.  also use airbnb and homeaway.

I love seeing these posts in this thread.  Akash Yadav, i see what you are saying of the financing side, and i assume you are working to get the financing through your personal credit and such.  Try taking to a commercial lender.  I also left my job three years ago and have purchased many homes since then, all  with commercial loans.  Some bankers won't be as familiar with vacation rentals, but you will find one that is.  Use your current bookings and cashflow as a strength and forget about talking to personal banking people. :-)

We self manages several that I own in the Branson, MO area.  Our goal is to bring in twice what it cost us to hold a property.  It doesn't work on every one of them, but with the number we own, we live life the way we want to.  We are teaching all about this in Branson this weekend.