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Doug and Chris
You’ve always dreamed of owning a vacation home. After all, real estate is a smart investment, and what investment could be better than one that lets you spend several weeks a year in your own little slice of heaven?
Problem is, you fear getting in over your head. Your biggest concern may be that of cost. You know that many vacation homeowners pay for their properties by renting them, but the details seem daunting. How would you find renters? Deal with damages? Clean the home from 200 miles away?
Don’t give up on your dream. Vacation Rental income can cover your second-home costs with good management and marketing. And, you still can use the property when you wish, for your own vacations! Although most of our clients prefer to utilize the services of local Vacation Property Management Companies with proven track records of successful, vacation properties and happy home owners, there are a few who want to consider managing and marketing the property on their own, particularly those who don’t live too far away. So, it may be worthwhile looking at the two options (and actually a third) more closely.
Before we do that though, let’s look at some Frequently Asked Questions about Buying a Vacation Rental Home.