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Updated almost 7 years ago on . Most recent reply
Vacation Rental Properties
I would like to get thoughts and opinions on investing in vacation rental properties (pros and cons). I currently own a non-vacation rental duplex property but was thinking of diversifying with my next investment property being a vacation property. Any feedback would be greatly appreciated.
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#4 Short-Term & Vacation Rental Discussions Contributor
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- The worst town to live in, KS
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#4 Short-Term & Vacation Rental Discussions Contributor
- Investor
- The worst town to live in, KS
Your STR properties don't have to be vacation rentals. I have 24 houses and apartments, 84 beds total; and 98% of my renters are petrochemical refinery contractors. The guys you see working on the large erections of steel at such a facility. The other 2% of my renters are college students at a summer volleyball camp, a couple whose house burned down and their insurance company is putting them up, or other travelling workers.
Find a small town with a large industry, there will always be traveling workers employed there.