Vacation Rental Investing

[Jeff Simpson]

I'm looking at a couple of properties I think may be good candidate as vacation rentals.  Does anyone have a good model they follow for vacation rental investing that they recommend?

Thanks

[Keith Courtney]

Jeff -

I am here in Orlando and deal a lot with short term rentals.  There are property managers here that do not require that they market your property for short term rentals when they manage your home.  Depending on the size and type of your home, they charge anywhere from $150 to $350+/month.  Cleanings are an additional charge.  I advocate to vacation home owners that they use this type of property manager and do their own short term rental marketing - it's not difficult or time consuming.  Then they save the 20-25% that the other property managers charge, which enables them to make a profit.

Keith