Is there no positive feed back for Vacation Rental?

[Jacob Beard]

I have combed through a lot of articles concerning vacation rentals and the majority feedback I see Is it isn't profitable, PM eats up most of your income, Your lucky to break even.  If I understand correctly it seems as if Vacation Rentals aren't for people wanting to make money but more so for people wanting another home and are looking to offset the cost of owning it. So then the perk is paying minimal every month to own an entire home instead of the entire mortgage. 

I really hope there are more success story's out there of people being as profitable or more profitable with VR than the negative reviews I'm reading about that seam more common place 

[Sean Walton]

Podcast 57 also talks about vacation rentals. 

One potential issue is you may be competing with people who use their second home as vacation rental income part of the year and for personal vacation the rest of the year so they may be willing to price their space less than you would need to for cash flow. Combine that with  Airbnb, Homeaway, etc. which have expanded the market for potential tenants but also lowered the barriers to entry for your competition. Make sure it is still profitable as a standard rental and make sure you plan for vacancy and lower rates in the off season.