How difficult is it to AirBnB, VRBO, etc. outside of peak months?

[Myles Cardenas]

Hey BP Family,

I’m looking at a vacation rental in Daytona Beach. 1/1 condo. Looks to be in great shape, great location, seems lucrative on the surface. Never done vacation rentals, so this would be my first one. I’m looking at it for the AirBnB/VRBO potential. There are a couple of things that make me nervous about taking this step:

1. I live in Atlanta, property is in Daytona Beach. Anybody own vacation rentals in other states? What tips do you have? Is it difficult? Easy? Do you have a team in place to take care of this for you, or do you do it yourself just fine?

2. How do you survive outside of the peak season? Looks like the peak season is only 6-7 months out of the year. How do you survive the other 5 months out of the year?

Looking forward to hearing from you guys!

Kind Regards,