Buying a Vacation Rental Property

Buying a vacation rental property can be one of the most profitable decisions in your life. The most challenging hurdle that you’ll face is raising the financing. Fortunately, there are plenty of options available to savvy investors looking to profit from vacation rentals.

The Vacation Rental Market

Vacation rentals have been gaining traction as one of the most profitable forms of real-estate investment. Income property investors with the gumption and the know-how can make enormous sums of money on vacation rentals.

When you buy a vacation rental property, you’re making an investment that yields income as well as substantial tax benefits.

The goal of investing in a vacation rental is to create an income. Without using the right vacation rental listing site, this may become far more difficult. While the process starts with financing and finding the right loan program for your specific needs, it won't matter much if you cannot get anybody to stay in your vacation property.

You have a few basic choices when it comes to listing sites. HomeAway, VBRO, and Airbnb are the three main choices. Here's a look at some of the important information you should know about all three of these sites.

The Traveler Service Fee

Most of the major booking sites for vacation properties will charge a traveler service fee. This is calculated based on the total nightly rate and fees. These fees can affect your bookings as the traveler will have to pay the fee in order to stay on your property.