Vacation rentals are projected to bounce back much faster than hotels. Right now, is a great time to be considering this as an investment. It’s all about the property’s cash flow, which is much higher than typical residential leasing. You’d be lucky to generate $100-$200 a month from a residential lease while most individuals break-even after management fees. This equates to $1,200 to $2,400 a year.
In the vacation rental industry, we help our client make $1,200+ a month after expenses and management fees. There is a ton of work that goes into a vacation rental so hiring the right property management company is necessary to free up your time and protect your asset. This is a business, not a part-time job!
Contact us for a FREE vacation rental analysis!