Seasonal Beach Property Rentals - opinions?

[Ryan A.]

Here in New England, beach rentals are a hot item. City folk love to come to our touristy beaches and immerse themselves in the environment. Beach rentals can be nearly 3 times normal market rents just to be within the mile radius of the sand.

Little 2 bed cottages on the strip will rent for $2400 a month. In town a similar place might be $900.

Does anybody have niche property like this? Any insight into the pros and cons? It can probably be rented to locals in the off-season (Sep - May) at normal rates but I speculate its a tough business model.