Overview

The concept of a vacation rental property has gained considerable momentum in recent years, and for good reason: the expansion of the economy, in addition to the advent of the private accommodation sector, has made it considerably easier for families to go on more vacations own. As the economy improves, more and more people are finding disposable income to spend on vacations. Contrary to what many investors think, owning a vacation rental property isn't just like traditional real estate investing. Buying a vacation rental property requires a keen understanding of local markets and projected revenue. (Remember, unlike a traditional buy and hold property, buying a vacation rental means you're adding a property to your portfolio that will have vacancies tHRoughout the year.) So, here are some things that every prospective vacation rental buyer should know before they make an offer and begin the process of buying a vacation rental property.

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