VACATION RENTAL OWNERS - Please help!

[Karen Margrave]

Do you own vacation rentals? Will you please answer the following questions, I know it will help me, and many others on BP. Thank you! 

• Is there a site you look at to determine vacancy rates?
• What number of weeks do you rent your VR out? 
• On the off months, what do you do with your property?
• Do you manage your units yourself or pay manager?
• What has your overall experience been in renting VR?
• What do you think of your location as it relates to VR?
• Would you buy another VR? 

We are building a house and 2 condos in San Clemente, CA and have been asked about the potential for a Vacation Rental. Off the top of my head, it "seems" like a perfect fit, close tot he beach, new outlet mall, restaurants, and it's in Orange County (Disneyland, sports teams, shopping, surfing and more) perfect weather, etc. However; I'd like to pick the brains of those of you with real "knowledge" of the business, and get educated. So please, feel free to weigh in!