Owning traditional investment properties is a great way to earn passive income. However, owning vacation rentals can offer higher profit margins plus room for investment growth. But, if you’re considering turning your investment property into a vacation rental, there’s a few things you need to consider. In this video we review the pros and cons, necessities, and helpful marketing tips.
Whether you have a long-term or vacation rental home, ensuring your properties are managed correctly is vital. After all, you want your tenants to be happy enough with their stay that they come back again. If you want to ensure all your investment properties are taken care of and managed properly, it may be time to hire a trusted property management team.
For more advice on a variety of other issues important to the rental industry, subscribe to the Bay Property Management Group channel and don’t forget to hit the notification bell so you never miss out on exclusive content. Also, be sure to check out our Blog via the link in the description below for tips on rental marketing along with everything from home maintenance to financing your first income property purchase. If you liked this video, please give it a thumbs up or leave a comment down below. Thanks for watching and we will see you on the next video!
