Vacation Rentals - Right Under My Nose

[Account Closed]

Living in North Central Florida, I forget that people spend thousands and dream all year to come to my home town. After years of trying to perfect my rental house management I am wondering why I didn't think of this earlier!? I have been looking at properties with a new perspective. I think I found one. The owner is asking way over what a traditional investor would want to pay. Now I am thinking I can pay a little more because the returns are so much better. And Bonus! It comes fully furnished in Lake House Decor! Exactly what vacationers will be expecting. I am a hands on manager so I would be the cleaning lady and yard boy. What am I waiting for? 

[Tim Ryan]

I have a vacation rental on a small lake.  Plan on 3 years to get established.  Repeat cutomers and good reviews are everthing in this business.  You'll have none starting off.

My first few years gross income ramped like this:  7k, 15k, 20k, 23k, 30k.   Been grossing 40k the last 2 years.  Those first years were PAINFUL ... negative cashflow.