Vacation Homes or Short Term rental

[Everett Mcfarland]

does anyone have an analysis for looking at Vacation Homes? Own a vacation or short term rentals in AZ. Appreciate any shared exp. or what to look for and what to stay away from. Use a PM or self as I see many owners doing themselves.

Thank you,

[Shawn Pennington]

I just sent this reply on another thread.....so forgive the copying and pasting :-)  But felt that it applied here as well...and wanted to save a minute of my life in retyping LOL haha :-)

"I own two in the Disney area, and both perform VERY well for me.... that said, the first one i paid $225k, the second one I paid $140k.....the math is light years better on the $140k...less interest, less HOA, less taxes etc etc etc...I netted literally 4x as much last year on the cheaper property. If the first one wasn't "our" house, i'd sell it and use my equity to buy three more cheaper properties..... I intend to buy at least one a year down there.... IMO the vacation rental business is Disney specifically is recession and weather proof......people from all over the world come to the Disney area every year, in fact probably 50% of my renters are foreigners...so its not dependent on the US economy........ and its far enough inland that hurricanes and such really aren't a concern.........

I do all of my own bookings/property management from Buffalo!! I have a husband/wife team that do my cleanings and maintenance for me...use VRBO for my bookings....and Ive got a lot of things automated, use templates, etc.....i spend maybe 30 mins a day on the whole business...maybe.....

Im a huge fan of that market"