BUYING A VACATION RENTAL?

 

Buying a Vacation Rental?
Be Sure to Read Through This Guide First

Buying a vacation home can provide you with a relaxing option for getting away from it all. You’ll have an escape from the outside world and a vacation spot that really feels like your own.

If you’re thinking about buying that vacation home as an investment property, however, there are some additional considerations worth making before you purchase your second home. Owning a vacation rental property requires more effort than simply owning a vacation home. So if you are thinking of investing in a short-term rental, make sure you read through these helpful resources and guides first:

Figuring Out Financing for Vacation Rentals

Should You Buy a Vacation Home?

Planning to Rent Out Your Vacation Home? Understand the Tax Rules

5 Vacation Rental Property Expenses You Shouldn’t Ignore

Buying a Lakehouse: What You Need to Know

How to Get a Mortgage on a Vacation Home: It's a Whole Different Game

Deciding Which Vacation Location Is Best

Economics of Buying a Beach House: Read Before You Buy

50 Dream Homes in the Woods That Will Make You Long to Escape It All

The 10 Best Places for Buying a Vacation Home in the US

Take Stock of Tax and Business Requirements

 

How Do I Report Rental Income on My Tax Return?

What Legal Requirements Are Needed to Start a Business?

Research How to Create an LLC

Short-Term Rentals: Laws, Licenses and Taxes

 

Sprucing Up a Vacation Rental Property

 

Preventive Maintenance for Vacation Rental Homes

How to Furnish Your Vacation Rental For the Best Guest Experience

Everything You Need To Know About Rustic Design

The Best Gear to Outfit a Vacation Rental or Airbnb

 

Managing & Marketing a Vacation Rental

 

VRBO's Dead. Airbnb's Not Great. How to Market a Vacation Rental?

How to Boost Your Social Media Strategy for Your Vacation Rental           

The Value and Cost of Property Management vs. Self-Management

 

There’s a lot of valuable information in the links above and you may not find all of it useful. Since purchasing an investment property can be such a major financial decision, however, it may be worthwhile to read through at least a few of the resources above and do your own homework. This way, you will be certain that owning a vacation rental property really is right for you, and you can find a vacation rental that is right for your needs and goals as well!

By: Tina Martin

 

As always, if you are thinking of buying or selling rural property, call the Rural KC Team/Keller Williams Partner.  It's all we do!  Have a great day.