You should consider buying a vacation rental now – Podcast

Last updated on January 1st, 2025 at 09:19 pm

Episode one “you should consider buying a vacation property” discusses the basics of the vacation rental industry and why you should consider buying your first property now. The vacation rental business is exploding as more families want to get away and enjoy the convenience of larger spaces, yards, and the ability to cook.

The idea of owning a vacation rental is undeniably appealing—imagine sipping your morning coffee on the balcony of your beach house or watching the sunset over mountain peaks from your cabin porch. But beyond the daydream lies a practical question: Is now the right time to invest in a vacation rental property?

Travel demand remains high

Market trends suggest that travel demand remains high, with many people prioritizing unique and private accommodations over traditional hotels. Platforms like Airbnb and VRBO continue to thrive, offering property owners substantial income potential. Interest rates may fluctuate, but locking in a favorable mortgage rate now could set you up for long-term financial benefits.

However, it’s not just about market timing. Owning a vacation rental means balancing the appeal of passive income with the reality of ongoing maintenance, property management, and fluctuating seasonal demand. Location remains key—a property near popular tourist destinations or with year-round appeal will always have higher booking potential.

A vacation rental is an investment lifestyle

Ultimately, buying a vacation rental isn’t just a financial investment; it’s an investment in a lifestyle. Whether you plan to use it yourself or keep it strictly as a rental, the potential for financial returns and personal enjoyment is undeniable.

So, if you’ve been considering taking the plunge, now might just be the perfect time to turn that dream vacation home into a smart investment. After all, every great investment starts with a single step—and perhaps, a view worth sharing. Check out our article about tax strategies for Retirees.

We cover all of this in episode one of several on the topic.