Wife and I are looking to invest in real estate and have considered purchasing a vacation type home to rent out via VRBO. Anyone have experience with this? We’re curious if it breaks even, brings in revenue, or possibly costs the owner with the benefit of land appraisal increasing over time and the use of the property when not rented out.
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Does a VRBO bring in revenue?
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I’m a real estate investor & initially I was considering short term rental options but most investors I know didn’t favor the short term rental option. Mainly due to PM costs, insurance is normally higher & typically higher vacancy rates. Not saying the right deal, opportunity & location couldn’t be a good option.
Right now I do SFH investing
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Does a VRBO bring in revenue?
Originally posted by rtp View PostThey all bring in revenue.....I think you are asking about income. That's the tricky part.
I think we’re both off base... it better bring in revenue/income, but does it bring in PROFIT!??
We are looking in the hill country at the moment. Possibly something near Garner/Frio River.
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we have owned two rentals. On both we used them at times ourselves. Everyone here is correct - depends on location, etc. On ours we hired a property manager on the one that was out of state (Angel Fire) - they handled everything - cleaning, booking, etc. Be aware that renters can be pretty hard on a house - we cash flowed our properties so we netted no real cost, got to use the property when we wanted, and got the appreciation when we sold it
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