Vacation Rentals vs. Normal Rentals

[William Pratt]

Picture this: instead of making $1000 per month on a rental, you can make $1000 per week.

Sound too good to be true? Well that’s how I picture vacation rentals! With the right location and marketing, the way I see it, you could easily make quadruple your monthly earnings (obviously with a few contingencies)!

It’s THIS belief that makes me believe vacation rental can be the best way to maximize profits!

It’s also THIS belief that makes me feel like there’s something wrong with my mindset!

Could someone PLEASE help me understand? I am new, so obviously my knowledge is not nearly as seasoned as many others. Could someone help me come to the knowledge and understanding of what the pros and cons of vacation rentals vs. normal rentals.

Thank you!

[Julie McCoy]

Not sure what you're confused about?  'Cause yeah, VRs (in a good market) can/will absolutely make vastly more money than a comparable LTR.  Mine tend to pull in at least $1k/week (gross), and depending on the size of the property, can pull in a lot more.  

The "but" is they're more work and more expense to maintain.  You pay all the expenses and you have to furnish it completely and you have to communicate with guests and cleaners and handymen.  It's not hard, but it IS a lot more day-to-day work and up-front expense than an LTR.  

Read around the forum.  You'll find lots of discussion about various points that are unique to VRs.