Assessing Your Vacation Home’s True Rental Potential
At first blush, many prospective buyers see the purchase of a vacation rental property as a potential win-win: They pick up a new source of income while having a cost-effective vacation destination whenever they have the urge to get away. It’s easy to understand why vacationers prefer to rent their own property instead of staying in a hotel or condominium, particularly if the property comes at a manageable price for potential buyers. Many potential buyers are very intrigued by the potential income opportunity of a vacation rental home.