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Vacation Rental and Investment Property Buyer Trends

Uncategorized Mar 14, 2019

For The Full Infographic: https://www.nar.realtor/infographics/infographic-investment-vacation-home-buyers-2018

Real estate investors are in the buying mood, and they are looking for the right realtor that knows their market.

According to a survey conducted by the National Association of Realtors, 72% of vacation rental owners and 71% of investment property owners believe now is a good time to buy.

Real estate investors are choosing realtors that specialize in the investment property sector. Nearly every industry benefits from niching down, including real estate. Residential and commercial are no longer the only options for niches in real estate. With the rising popularity of the FIRE (Financial Independence, Retire Early through real estate) movement, realtors specializing in vacation rentals and investment properties will be in high demand.

Realtors benefit by specializing in vacation rentals and investment properties because their buyers often become return customers. Investors...

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Sourcing Property Management for Your Vacation Rental Buyers

Uncategorized Jan 11, 2019

Property management is one of the biggest issues facing new owners who want to rent short-term.

In areas where there is a high volume of vacation homes – Orlando, The Outer Banks, Destin, Palm Springs come to mind – there will be an equally high proportion of property management companies. However, when you are trying to grow a business in a region with a lower population of rental properties, finding suitable services to refer to your buyers may be more problematic.

Since most buyers will be coming from out of state, or even internationally, sourcing reliable and trustworthy property managers should be a priority.

 

Could you do it yourself?

Now, there’s an idea. Many realty businesses have a property management arm that manages the rental and maintenance of long-term rental properties, and in the up and coming tourism regions, some brokers are seeing the benefit of setting up housekeeping systems to service their buyers.

This makes it a one-stop shop for new...

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If you have these figures ready for your clients during your initial consultation, it will be the key to securing a contract.