Posted by Jimmy on November 21, 2009 at 06:40:33:
In Reply to: Investing in long distance short-term rentals posted by James on November 20, 2009 at 17:47:30:
vacation rentals. hmmm.
the killer is the management fee. this is not your typical deal where a local manager will take 8-10% of the rents. 25-30% is closer to the norm. its a constant in and out, with zero continuity. more like a hotel than a rental property.
most of the people I know who have VR's never expect to make money from the rental. the rents they collect help defray the cost of owning the VR. so if this is a place where YOU want to go 2-3-4 times a year---go for it.