From Beach Home to VACATION RENTAL
what it takes to make it happen by Alex Curry
The first three years of the 2020s have been like no other time for the travel industry — especially within the sphere of lodging . Within this space , the vacation home rental has proven , by far , to be the most surprising . A couple of things have happened . First , millions of Americans were introduced to the vacation home rental concept . And they fell in love with the experience .
Something else has happened within this space — something equally profound . The experience introduced vacation rental guests to the dream of becoming vacation rental owners .
What exactly is the dream ?
To own a vacation home in your favorite destination and rent it out while you ’ re away . Two good things happen in every version of the dream : The home is looked after by a trusted property management company , and it generates considerable revenue through bookings .
But is it really that easy ? And what do prospective vacation rental owners need to consider before making the move ? Are there costs involved in onboarding a vacation home rental ? What kind of revenue can an owner reasonably expect ? How many weeks of the year will the vacation rental likely be booked ?
If you ’ ve ever been curious , read on .