How Does A Vacation Property Fit Into Your Portfolio?

Vacation rental properties are becoming increasingly popular for both renters looking to get away for a short vacation, and investors who are looking for ROI (with the added bonus of having your own getaway). It’s why platforms like Airbnb and VRBO have grown exponentially over the last decade.

Fellow Keyspire Success Coach Judi Paré and Jason Witzell hosted an Income Property Labs training session on Vacation Properties. This was such a hot topic, we returned for a mini-encore to answer additional questions.

Check out this short recording to get answers to the following:

• Do you take a damage deposit?
• Do you charge a rental fee for use of canoes, kayaks, motorized boats, etc.?
• Are there liabilities for allowing guests to use motorized vehicles?
• Is tax charged to each booking?
• What are some websites to advertise the vacation rental?
• What are some pros of vacation rentals?

#keyspire #realestateinvesting #vacationproperties #shorttermrentals