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Updated over 5 years ago on . Most recent reply

User Stats

19
Posts
5
Votes
William Pratt
  • Memphis, TN
5
Votes |
19
Posts

Vacation Rentals vs. Normal Rentals

William Pratt
  • Memphis, TN
Posted

Picture this: instead of making $1000 per month on a rental, you can make $1000 per week.

Sound too good to be true? Well that’s how I picture vacation rentals! With the right location and marketing, the way I see it, you could easily make quadruple your monthly earnings (obviously with a few contingencies)!

It’s THIS belief that makes me believe vacation rental can be the best way to maximize profits!

It’s also THIS belief that makes me feel like there’s something wrong with my mindset!

Could someone PLEASE help me understand? I am new, so obviously my knowledge is not nearly as seasoned as many others. Could someone help me come to the knowledge and understanding of what the pros and cons of vacation rentals vs. normal rentals.

Thank you!

Most Popular Reply

User Stats

416
Posts
396
Votes
Bill Plymouth
  • Real Estate Agent
  • Philadelphia, PA
396
Votes |
416
Posts
Bill Plymouth
  • Real Estate Agent
  • Philadelphia, PA
Replied

@William Pratt  with any type of rental, you need to have a good system in place to be successful.  Vacation rentals could be a lot harder to handle, especially out of state.  

I know a guy who focuses solely on vacation rentals.  His most lucrative property clears 150k a year.  It is most definitely do-able.  You just need to have the right system in place, a good team, and make sure your due diligence is on point!

I hope this helps.  Good luck!

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