Why you should invest in one and what it takes to manage it
“ Our Town-Our Paper ”
CoastalRealEstateGuide . com FEBRUARY 17 , 2023 | VOL . 13 , ISSUE 7

FEATURED PROPERTY : NEWPORT BEACH Experience the Quintessential Newport Beach

Situated on a sunny corner lot on a quiet block of Newport Beach ’ s Balboa Peninsula , this traditional-style beachfront home showcases uninterrupted views of the coastline , Catalina Island , and the pier . Living on the corner of a beach access walkway with only one direct neighbor , one will find additional privacy and an abundance of natural light , all while avoiding any street traffic . The living room is adorned with a brick fireplace and tall sliding glass doors that lead out to the large patio with built-in barbecue . Lofted a few steps above the living room , the dining room is perfectly positioned to enjoy the beachfront views . The kitchen flows into a cozy sitting area with
fireplace and floor-to-ceiling windows . The main floor includes one bedroom and full bathroom , ideal for guest quarters , an office or den . Upstairs , natural light streams in from the large picture windows above the staircase . All three bedrooms and two bathrooms feature tall , vaulted ceilings . Through double doors , find an awe-inspiring primary suite featuring an expansive deck facing the ocean with 180-degree views , as well as a completely private deck facing the interior of the home . This sizable bedroom includes a walk-in closet and large bathroom boasting ocean views from the shower . The two secondary bedrooms share a bathroom with double sinks and balcony .
Property : Offering Price : Agent Info : 520 West Oceanfront , Newport Beach $ 6,495,000 Nikki Gwaltney ; DRE # 02042709 ; 949.422.0943
Janelle File ; DRE # 01952433 ; Compass

The Benefits of Vacation Rentals

Why you should invest in one and what it takes to manage it

My name is Todd Davis , and I am honored to have been chosen as your Agent of the Week . My passion for homes started over 25 years ago owning and producing trade shows specializing in the homebuilding industry and the luxury kitchen and bath markets . After selling my exhibition company , I made the transition to real estate where I have had the pleasure of selling and leasing luxury real estate for the past 18 years .
One thing that most might not know about me is that in addition to being a real estate broker , I also have 18 years of vacation rental and property management
experience . Currently , I own and operate a luxury vacation rental agency here on Balboa Island and another in Santa Fe , New Mexico . Fun fact : I have had the pleasure of offering exclusive homes and services to a range of Hollywood elites , including John Travolta , Russell Crowe , Reese Witherspoon , Jake Gyllenhaal , and even Oprah Winfrey !
All of this is to say that I am extremely passionate about the vacation rental industry . I believe investing in a vacation rental property can be an exciting and lucrative venture with many advantages , including generating
passive income , diversifying your portfolio , tax benefits , potential appreciation , personal use of home , and more .
That being said , while owning a vacation rental property comes with benefits , there are also a lot of things to consider — location and regulations , financing , amenities , marketing , operating expenses , management of tenancies , and general property management . It can be a lot !
If you ’ d like to learn more about the world of vacation rentals , are considering purchasing a vacation rental property , or have an existing property you ’ d like to turn into a
Todd Davis
vacation rental , let ’ s talk ! It ’ s safe to say that in these last 18 years I have seen and done it all .
Let me be a resource for you . If you ’ re lucky , I may even share some stories !
Todd Davis 949.447.4444 todddavis @ compass . com DRE 01969131