Tag: Vacation Rentals

4 Self-Care Vacation Ideas for Travelers With Chronic Illnesses

Brittany Fisher

4 Self-Care Vacation Ideas for Travelers With Chronic Illnesses

Are you living with a chronic illness? If so, you might feel like you never have enough time to truly relax. Working and managing your household with a chronic illness isn’t easy, and you deserve to treat yourself. A good place to start is by planning a trip, and today, Eileen Kedersha shares some great suggestions for cities you can visit to help you relax and recharge.

 

Photo via Unsplash

 

Houston, TX

 When you think of destinations where you can put your feet up and unwind, Houston might not be the first place that comes to mind. But this large city in Texas is a surprisingly fun spot for a self-care vacation! Tour Scanner recommends indulging on a food tour, planning a day in Hermann Park, and taking a trip over to Galveston Island to get your toes in the sand. With so many things to do, you might just daydream about relocating here, and if you do, you’ll have a wide range of vibrant neighborhoods to choose from! Photo

In addition to these relaxing self-care activities, there are plenty of other things to do in Houston. Thankfully, it’s fairly simple to find affordably priced tickets online to any event you might like. Just enter your preferred date, your price range, and the seat rating you’d prefer. Not sure where you’d like to sit? Use an online ticket sales platform that provides an interactive seating chart with the option for 360-degree views.

New York City, NY

 Plenty of tourists flock to New York City every year, but there’s a good reason for it: New York is an excellent travel destination! If you’re a baseball fan and want to see the Yankees play, then there are great tickets to be had. You can also seek out tickets for your favorite Broadway show, dine at a fine restaurant, spend an afternoon at a spa, or a day in Central Park. NYC has something for every traveler.

 Orlando, FL

 If you have a trip to the Sunshine State in mind, don’t hesitate to book a trip to Orlando, Florida. Sometimes, days full of sunshine are exactly what you need! With the many theme parks and world-class cuisine, you’re sure to leave feeling rejuvenated. And if you want to feel like a kid again, spending time at Disney World is a must. Fortunately there are sites online that offer deals and discounts on everything related to Disney, from tickets to accommodations. Mouse Life Today is a wonderful resource for these and more, including tourist news and a rewards program.

 Nantucket, MA

Want to check out a beautiful corner of New England? The island of Nantucket in Massachusetts might be your perfect destination! You can go whale watching, walk along the scenic Sconset Bluff Walk, and go stargazing! If you ever choose to settle down in Nantucket, you can enjoy the hustle and bustle of downtown, and then head out to more remote areas to truly appreciate the island’s natural beauty. It’s a lovely place where you can cultivate an enduring sense of balance in your life.

This is also the sort of destination where you can bring your dog with you as a traveling companion! That’s a great way to make the most of your trip. Just make sure you bring everything they’ll need, from toys to healthy food. Regarding the latter, try this air dried beef dog food to keep your fur-buddy healthy and active.

When you have a chronic illness, you may need more downtime to truly recharge. By planning a vacation and taking time away from work, Forbes notes that you can finally leave your stress behind. With these suggestions, you’ll be able to plan your ideal self-care getaway!

Eileen Kedersha is a full time Business and Real Estate professional for over twenty years. As a Professional Realtor, my qualifications and experience will make your buying or selling experience effective and efficient. Call 954-462-3600.

Using Property Investment as an Additional Income Stream

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Ready to purchase an investment property in Florida? Trust Eileen Kedersha for the highest level of real estate service and expertise. Call 954-462-3600!

Article Written by: Brittany Fisher

Using Property Investment as an Additional Income Stream

The rental market has been on the rise for some time now and will only keep growing in the future. The current supply of houses isn’t enough to keep up with the increased demand of people who are looking to buy homes. This imbalance has caused a rise in home prices, which has made it difficult for people to purchase a home. This has led many homeowners to decide on renting out their homes instead of selling them.

If you’re not ready to sell your house, renting it out is a great way of making some extra cash. Besides the steady income stream, there are tax benefits for owners who lease out their properties.

Purchasing Rental Property

Or, if you’re looking to purchase a rental property, this is an excellent time for that, too, since increases in property values and rental prices will easily keep you with a nice steady income for as long as you own the property.

The following are a few things you should consider when looking to buy rental property:

  1. Location: The location of the property will significantly impact your rental income.
  2. Price: You should be aware that the higher the price, the more you can charge in rent.
  3. Rental rates: It is important to know what people in your area are paying for rent so that you can charge a competitive rate. Be aware of the effect specific neighborhoods and suburbs have on rental rates, too, so that you charge a competitive price.
  4. Occupancy rates: Zeevou explains that the occupancy rate will determine how much money you can make from your properties.
  5. Investment terms: You should know how long your investment will take to pay off and what percentage return on investment you are looking for.

Getting the Property Ready

It is probably not necessary to spend a lot of money on renovating your own home to prepare it for renters since you’ve likely been maintaining it all along, but there are some things you can do to make it more appealing for potential tenants.

  • Clean the carpets and flooring.
  • Polish all hard surfaces, including kitchen and bathroom countertops.
  • Repair any broken windows or doors.
  • Paint the walls and trim if necessary, using muted neutral shades.
  • Make sure the landscaping is as low maintenance as possible.
  • Curb appeal is important, so make yours stand out with some new light fixtures and flowers.

If you’ve purchased a home to use as a rental property, you’ll have to make sure everything is in proper working order, like structure, appliances, HVAC, wiring, and the roof are all in good order. Hiring a property inspector before you purchase is the best way to ensure you’re not going to be underwater making costly repairs.

If you don’t plan on living near your rental property or don’t have the time necessary for all the work involved, Rentec Direct points out that you will want to hire a property manager. They can help you maximize your profit by screening tenants, handling maintenance issues, and collecting rent payments on time. They can also help you find qualified renters by advertising your properties to the right people and negotiating leases with them on your behalf.

Tech Tools Make Marketing Easy

Marketing your property can be done easily using social media. Millions of people turn to marketplace sites like Facebook when searching for property. Posting your property on Instagram can boost awareness and showcase your rental.

You can share videos of your property to post on social media or on your website to give potential tenants an inside look at the property. Also, an infographic offers valuable information that quickly catches the eye of potential tenants and then expands on it in a fraction of the time it would take if the same message was written out instead. Building your own infographic to share on social media is easy when you modify ready-made templates by adding your own fonts, icons, and images.

Get Started Today

Property is always a great investment though it does require some work, so make sure you’re prepared before making the leap. But, as millions of other property investors will tell you, it can be one of the best financial decisions you’ll make.

If you are interested in an investment property in Florida, feel free to contact Eileen Kedersha, a Broker Associate with ONE Sotheby’s International Realty, 954-462-3600 | https://www.sfloridaluxuryhomes.com/ | EKedersha@OneSothebysRealty.com or her Husband, William Kedersha who specializes in investment properties throughout Florida, 954-817-2900 Wkedersha@onesothebysrealty.com.

 

 

 

 

A Tough Choice: Renting or Selling Your Newly Remodeled House

Guest Author

Renting or Selling, Which is Better

  • A Tough Choice

    The decision to sell or rent your newly remodeled Fort Lauderdale fixer-upper is a tough choice indeed, but you can make the right one by carefully considering all your options. If you decide to list the house, connect with Eileen to get started.

A Tough Choice: Renting or Selling Your Newly Remodeled House 

Photos via Pixels; Article by Ed Carter: ed.carter@ablefutures.org

You’ve just spent hours, days, weeks, and maybe even months remodeling a fixer-upper in Fort Lauderdale, FL, and you’re pleased with the results. But now you face a tough choice: Should you sell this house or should you rent it out? Here, there are several factors to consider.

Continue reading “A Tough Choice: Renting or Selling Your Newly Remodeled House”

A Resource Guide to Renting Out Property in Fort Lauderdale

Brittany Fisher

A Resource Guide to Renting Out Property in Fort Lauderdale  Photo via Pixabay

Article Written by Brittany Fisher http://financiallywell.info/

If you own property in Fort Lauderdale that isn’t being used or if you’ve always dreamed of renting out a vacation home in order to earn money throughout the year, there’s no time like the present! Many Americans are ready to invest in their futures, and a great way to do that is to turn a house into a moneymaker. After you’ve found your perfect Fort Lauderdale property with the help of Eileen Kedersha with Sotheby’s International Realty, there are a few things you’ll need to get started, such as resources for finding renters or for getting the property into shape. This guide will allow you to do the job right the first time.

 

Resources to get started

Prep an existing house for renters

Top 16 Internet Providers in Fort Lauderdale

Continue reading “A Resource Guide to Renting Out Property in Fort Lauderdale”

The Ins and Outs of Investing in a Vacation Rental

Guest Author

The Ins and Outs of Investing in a Vacation Rental

Investing in a vacation rental home has gained a lot of popularity over the last few years. Vacation rentals are an alternative to hotels that are generally rented out between a couple of days to a month. Due to increased activity of using the internet and social media to find vacation lodging, opportunities have opened for real estate investors. If you are interested in investing in a vacation property, get in touch with broker associate Eileen Kedersha of ONE Sotheby’s International Realty, and look to the below information to help get you started.

Getting Started

When considering where to buy a second home, you’ll want to find a place that will attract guests more than a couple of months out of the year. For instance, vacationers are drawn to Fort Lauderdale for a variety of reasons, according to Turnkey, including easy access to the beach or inland waterways. A waterfront condo or townhouse are a hot commodity and should be relatively easy to rent out.

Find a vacation rental that can start out as a dual-use property. This means a vacation rental where you can stay for a portion of the year and rent to guests for the rest. Not only will you get the tax benefits for the time you’re using it, but the house will be continuously occupied. Continue reading “The Ins and Outs of Investing in a Vacation Rental”

Buying a Vacation Rental, Read this First!

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Things You Should Know Before Buying a Vacation Rental

While the vacation rental industry is no longer the new kid on the block, it continues to grow at a steady pace with vacation rentals expected to surpass hotels in 2020. It’s not too late to start earning money in the vacation rental marketplace, but before buying a vacation rental property, there are a few things you need to know about finding and buying short-term rentals.

Why do you want to buy a vacation rental?

There are two main reasons people buy vacation rentals:

  1. To generate profit.
  2. To subsidize a vacation home.

Your reason for buying a vacation rental has a big impact on your approach. While investment buyers are looking for the property that offers the most for their money, second-home owners need to balance price and rentability with their own list of wants.

Buying for investment

Investment buyers should carefully assess an area’s affordability before purchasing a vacation property. However, when it comes to real estate investing, affordability is relative

While popular travel destinations like Fort Lauderdale have high home prices (see graph) — the median Home Value & Sales Price in Fort Lauderdale — they also command higher rents. According to data from Evolve, Fort Lauderdale vacation rentals average a daily rate of $92 in the high season, with larger rentals coming in as high as $531 nightly. Investors should use neighborhood-level data to calculate a property’s cash flow potential before buying.

BUYING FOR PLEASURE (AND PROFIT)

Buyers in search of a vacation home have a different set of priorities. Second-home buyers need

properties that they can comfortably afford with or without rental income. Staying within budget is especially important for these buyers because personal use during the high season limits the property’s earning potential. Nonetheless, it’s important for second-home buyers to consider a property’s appeal if renting is part of their plan. While a quiet residential neighborhood may be a lovely place to retreat, it may not attract the rental traffic you’re after.

Should you buy a fixer-upper?

Buying properties that need work is a smart strategy for investment buyers who have the capital and flexibility to renovate a property before listing on vacation rental marketplaces. As long as a property is structurally sound and doesn’t require cost-prohibitive repairs, it only takes a few cosmetic fixes to convert a fixer-upper into a desirable vacation rental.

Second-home buyers, on the other hand, tend to live too far away to oversee renovations. And while DIY might sound appealing to budget-conscious buyers, no one wants to spend their vacation remodeling a kitchen. In this case, it’s most prudent to buy a turnkey property.

What makes a great vacation rental?

Besides a top-notch location, what should buyers look for in a vacation rental? These are signs that a property would make a good vacation rental:

  • A low-maintenance exterior. While beautiful, maintaining expansive grounds is a major expense (lawn care services in Fort Lauderdale average $65 per visit). Look for properties that have a livable, but small outdoor space.
  • Open floor plans for easy entertaining and accessibility.
  • The right number of bedrooms and bathrooms. If marketing a multi-bedroom property to groups, make sure it has enough bathrooms to keep everyone comfortable. Avoid properties with exceedingly small bedrooms.
  • Air conditioning. A stuffy property is a guaranteed way to get bad reviews. Avoid properties without air conditioning or that only have a window unit.
  • Parking is important to guests, and they’ll pay more to get it.

Finally, make sure the law is on your side before investing in a vacation rental. While the vacation rental industry continues to boom, some areas are cracking down on short-term rentals and making it harder for buyers to keep their properties booked. Understand local codes regarding short-term rentals and comply with licenses and taxes to keep your property legal. When it comes to running a profitable vacation rental, it pays to do it right.

Image via Unsplash | Article Written by:Henry Moore, Guest Contributor

 

Eileen Kedersha, Broker Associate One Sotheby’s International Realty – Kedersha Group 954-561-4100 EKedersha@OneSothebysRealty.com