Charlotte County, Fl Vacation Rentals

[Alex Balan]

I currently own a vacation rental in Port Charlotte, FL. My main reason for renting it through AirBnB and HomeAway is to pay for expenses so that we can use the home also. We have done well our first 6 months with renting it so I wanted to see some opinions regarding purchasing other homes in the area to rent as vacation rentals. This home has a pool and is in a canal so it was more expensive. Is there a market for vacation rental homes without a pool and non waterfront? We do a good job of decorating and staging our home so that would continue. I would just like to purchase homes that are around the $120,000 range and in non flood zones to keep our costs down.

Thank you

[Paul Sandhu]

@Alex Balan You already know the answer to your question, you just want someone else's approval. Yes, go for it. You've already proven to yourself in 6 months that it could be done. My wife and I made our first big leap into the STR world when we bought a 3 story house with 9 beds, 4 baths, a jacuzzi on the 3rd floor and a resident paranormal entity. We found out about the last thing after buying it. Tenants call him Stanley.