Guide to Owning a Vacation Home Rental Property
As Covid restrictions ease and people travel locally and internationally, the demand for short-term rental property is rising. With remote work, people travel for extended periods, and staying in a hotel for weeks can be inconvenient. More people are looking for homey, unique accommodation rather than staying in hotels.
Owning a rental home that you can rent for vacations and short-term leases may seem like a lucrative investment, but before you buy a property, there are some things you must consider.
Location
The location of your vacation home rental property is vital. Not only do you need to consider popular tourist destinations, but also think about points of interest close by and access to transport.
Properties within walking distance of restaurants, bars, beaches, and shops are sought after. If it is too far to walk, look for properties close to a bus stop or the subway, as guests may be