Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago, 02/04/2019

User Stats

9
Posts
2
Votes
Dan O'Neill
  • Investor
  • Charlotte, NC
2
Votes |
9
Posts

Purchasing a Vaca Rental BUSINESS, what do I need to know/ask?

Dan O'Neill
  • Investor
  • Charlotte, NC
Posted
Good Morning Everyone, I'm currently evaluating a potential purchase of a portfolio of vacation rental units all of which reside on the same property (single owner).  What are some of the things I'll need to consider when structuring the deal as I'm not just buying the real estate but, in essence, the business itself and all the comes with it. Here are some the things of which I'm aware that I'll need to consider: 1) business property (non-real) such as lawn care equipment, furniture, appliances (large and small), dishes, linens, tools used in the care of the property; 2) transition of internet presence and accounts (website hosting, domain name, social media, 3rd party booking sites - anything else); 3) deposits already received for future bookings; 4) a listing of contractors they use who are already familiar with the property; 5) a listing of any contracts that would carry over to the new owner; 6) details and copies of any existing property management software. What else? Any general advice?

Loading replies...