Running a profitable vacation rental

Love visiting the Suncoast but wish you could do it more often? It might be time to buy! The Sarasota area is fortunate enough to have a wide variety of real estate and is typically a very active market for both buyers as well as sellers and the rental market.

When to use your property and when to rent it

Renting your vacation home may not only be a way to make a second home a financial possibility but could be a profitable venture as well. The advantage of vacation rentals is it also allows you to have ample access to enjoy your vacation home while collecting revenue that could meet or exceed the cost of owning the home throughout the year.

Find the right season to rent

We find that there are two seasons here for vacation rentals, the winter and summer season. Winter has traditionally been the most desirable with “snowbirds” who visit in January, February, and March. It is common for the same guest to say all three months making for very easy acquired rental income and reduced wear-and-tear on the property. The summer season attracts more European guests as well as American families taking advantage of school holiday time visiting typically on a weekly basis. This can also be a very lucrative period for vacation homeowners.

Look for a strong partner to make things easy and seamless

There are some very important considerations to make when choosing a vacation home with the intention of renting the property. It is best to secure the services of a licensed property manager who can advise you on restrictions that may be imposed on the neighborhood or community where the home is located as well as to suggest homes with the most desirable features that short-term rental guests are looking for during their stay.  Here at Gulfcoast Holiday Homes, we are able to provide both full-service rental management as well as handling the home purchase for a seamless transaction bringing you into the rental market.

Reach out to our offices for a no-obligation rental assessment of any properties you may have found and are considering for purchase as well as suggestions of properties that would be an excellent fit for the vacation rental market.

Contact us today! We look forward to speaking with you.