Vacation / Short term Rentals

[Shahram Shafii]

I am wanting to get into RE investing but I am not 100% settled on where I want to live. We have moved a good amount over the last 5+ years and I wanted to wait until we chose an area that we would make permanent so we wouldn't have issues when moving from place to place. However with that being said my urge for wanting to begin investing is growing stronger and my patience for waiting is fading. I have been reading on the topic of vacation/short term rentals and it's very appealing to me. My initial thoughts are I can purchase a vacation home in an area that we can utilize as a family for personal vacations but also use as a vacation property or short term rental using Airbnb or home away type of platform. Does anyone out there have any experience with using these platforms and what are the pro/con of short term vacation rentals? Any suggested areas to buy one of these types of jokes? Any other thoughts on this situation would be much appreciated. Thanks Shafii

[Keith Courtney]

Shahram -

I don't blame you for wanting to have a beach home!  Sounds great.

If you ever decide to purchase a vacation home that is not near you, you will be able to manage it.  Most vacation home owners here do not live here.  Many are foreign nationals.  The key is having a good, trustworthy property manager.

Keith