Earn More Buying a Vacation RentalNovember 8, 2015
Are you thinking about buying a second home or investment property? Naturally, it would make sense to look where demand exceeds supply. So, now the question becomes where does that exist? Well, according to TripAdvisor’s “13 Destinations with Top Earning Potential for Homeowners” good ole Florida tops the charts yet again.Â
The infographic released earlier this week deemsÂ Destin, Florida real estate as the number one sweet spot when it comes to renting out your home. Traveler interest is 70 times more than the U.S. average, with weekly earning potential at $1,093.16. To put this into perspective, Myrtle Beach – ranked number two – doesn’t even come close with weekly earning potential hovering around $762.80.
Long story short, if you own an investment property on the Emerald Coast, whether it is short-term or long-term, you shouldn’t have trouble finding paying guests. You don’t just have to take our word for it though (or TripAdvisor’s for that matter), our Destin property management companies – Southern Vacation Rentals and Southern Residential Leasing – will be happy to discuss the logistics of buying an investment property with you.Â
Are you ready to start shopping? Contact one of our RE/MAX Southern agents today to find an income property with earning potential!