Hello, my name is Angelo and after doing it for 5 years now and owning 2 and being a Super host it seems like an easy answer but it’s not. There is a lot that goes into this answer and a few big ones. It depends on your goals, finances, and expectations and how hard you want to work. The big one is the person.
If you’re investing in a vacation rental and have a plan for managing it, then yes, it’s a good idea and profitable. If your thinking of buying a house and turning it into a vacation rental means easy returns on your investment without doing much or hiring someone else to then you better keep on reading.
Vacation Rentals in Arizona Right Now are hot
We learned a lot from last year. As we return to normal, one thing is clear. The travelers came back quickly and with pronouncedly different needs. We’re getting more long-term guests for lots of different reasons and many people are still more comfortable staying at a private residence versus a hotel. So many have also learned they can work from home or someone’s rental.
Good news, especially if you want to try a vacation rental. The turnover of guests and keeping a rental booked can be stressful. If you’re able to book more long-term guests, take them is my opinion.
What are your long term plans for the home?
Another thing to consider when deciding to invest in a vacation rental is your long-term plans for the property. It can be hard to turn the keys over to a renter, especially if the home is newly remodeled. Maybe you’re moving out of state and still want to come back periodically to visit friends and families. This was a big reason for me. Proud of ownership and visiting the house after guest leave always makes me feel good about my investment.
Hiring someone to manage your Vacation Rental
While all guests have the potential to damage property, you can take comfort in knowing that there is someone coming in after every guest, giving the home a professional cleaning, and letting you know of anything that isn’t working. I’m a realtor also I can help you find the perfect property to turn into a vacation rental. Contact me any time for question or more at letmeearnit.com 602 299-1743
Can you afford to Buy?
It’s all about the cash flow. With the right property and financing, vacation rentals are still profitable, even in this real estate market! The trick is to pick the right one. A Realtor like me who is doing it and understands the Vacation rental market, and knows what things are desirable to maximize revenues and occupancy. There are lots of factors to consider before you make a purchase and not every realtor can help you with this.
I like to think it’s something I now know, not be
I happy to help with a free evaluation of any property to help you determine the potential rent, occupancy, and overall revenue you can expect to receive is there. My experience managing rentals and knowing what guests are looking for and you’ll have all the information you need to determine becoming a boutique hotel manager is something that you want to do.