Is VRBO For You

Dated: November 27 2021

Views: 81

There is no question that there is a lot of interest for real estate investors in using the property as a rental, whether some of the time or full time. There are lots of questions that need to be asked before purchasing a property with this in mind. Among them should be:

  • Does the property reside in an area with restrictions against VRBO? If so, what are they?

  • Is there an HOA and what impact will that have on using the property as a rental?

  • Are there occupancy restrictions?

  • Is there a past history of rentals pertaining to the property? If so can you access it?

  • What types of amenities are available for renters? 

  • Are you planning to use a management company, or manage it yourself?  What are the cost comparisons for both possibilities?

  • What about cleaning costs if using a cleaning company? 

  • How will we accept payment from the renters? 

  • What about a deposit requirement or vetting requirement for the renters? Will you accept pets? What restrictions if any will you have on pets? 

  • These are just a few details that you might consider if planning to use your property as a VRBO. Possibly the most important thing to consider before purchasing any property is to use a realtor that has experience specifically in the type of property you are interested in, especially rental properties. 

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