{"id":6608,"date":"2021-01-14T22:53:40","date_gmt":"2021-01-14T22:53:40","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6608"},"modified":"2021-02-15T19:52:00","modified_gmt":"2021-02-15T19:52:00","slug":"6608","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6608","title":{"rendered":"The Ins and Outs of Investing in a Vacation Rental"},"content":{"rendered":"

The Ins and Outs of Investing in a Vacation Rental<\/strong><\/h2>\n

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<\/a> of ONE Sotheby\u2019s International Realty, and look to the below information to help get you started.<\/p>\n

Getting Started<\/strong><\/p>\n

When considering where to buy a second home, you\u2019ll 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<\/a> 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.<\/p>\n

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<\/a> for the time you\u2019re using it, but the house will be continuously occupied.<\/p>\n

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Realistic Income<\/strong><\/p>\n

The return on your investment will all depend on how much you spend and how much work you put in. Of course, you can adjust the rent based on demand and peak seasons, but the base rent and how often it\u2019s rented out will depend on your efforts.<\/p>\n

Whether you get a rental-ready house, a fixer-upper, or a brand new construction, there will be expenses that come with purchasing the property, designing it, adding security measures, installing strong WiFi<\/a>, and installing smart features. Also, there are other amenities<\/a> you will probably want to set up. To ensure you have the house rented out enough, you\u2019ll want to use all options available to you, such as: Social media<\/a><\/p>\n