Are Home Prices Still Just Average?Despite the huge jump in the average home selling price in 2021, nearly half of the Lake’s homes that sold were under the $300,000 mark. Meanwhile,
Is VRBO For You
Dated: November 27 2021
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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