Anyone doing vacation rentals?

Question

I have been researching buying a cabin to use as a vacation rental. Curious to hear if anyone else is doing this and if the experience is fruitful?

I am looking at houses near our local mountain where tons of local tourism flows through for winter and summer sports. So the demand is there.

Also thinking to have it property managed by Vacasa, which takes a moderate commission, but could be worth it since they handle everything from reservations, guest support, cleaning, and everything in-between.

Would love to hear your thoughts and experience on this strategy!

Thanks

Colin

Kyle Nelson · Answer

@Colin Johnson, I am looking into this as a strategy as well but am data collecting and analyzing at the moment.  I am curious to hear more information on this topic so I will be following.

@Catherine Emert may be able to assist you with this.   She would be someone to talk to if you're looking to buy a vacation rental in Oregon.

Robert Bowles · Answer

I have had a vacation rental in Rhodi for about 7 years now.  It has been a great investment.

Bought at auction and did the major remodel myself, self manage (my wife) and have a neighbor do the cleaning.  No big issues, and it has been cashflow positive since day one.....this month got a little scary but had someone rent the house for their lockdown, so full again.

We bought it for our use and planned to rent it on weekends to cover the bills.  We tend to go out there less and less but have no plans of changing how it is run.  I just bought a nearby lot a few months ago to build a new smaller home to add to the portfolio.

We have heard mixed feelings about Vacasa from other neighbors, so we decided to keep managing it ourselves.

Fell free to reach out with any direct questions.

Luke Carl · Answer

There is an entire forum on this subject which you can find HERE

Also check out podcast #364

Anyone doing vacation rentals?

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