If you’re thinking about purchasing vacation rental property, you’re making a great decision. It’s the smartest way to make an incredible income while having the freedom of owning your own business. However, just because this is a great idea, it doesn’t mean it’s easy. In order to make the highest profit, you need to make sure you’re buying a property in a perfect location. Luckily for you, there are a ton of fantastic spots all around the United States that are some of the best places to buy vacation rental property. Once you’ve chosen your spot, find the perfect vacation rental home and start watching your income grow!
Your best bet for places to buy vacation rental property
Las Vegas, Nevada: Las Vegas is a favorite among travelers for the beautiful weather, bright lights, and enticing casinos. Having a vacation rental spot in Vegas can bring in around $1,300 a week. If your place is close to the strip and has a pool that number can soar to over $2,000/wk.
Gatlinburg, Tennessee: This beautiful town is quaint, accessible and downright fun. Close to Dollywood Amusement park and the amazing Great Smoky Mountains National Park, Gatlinburg has something for every traveler to enjoy. A vacation rental spot here can bring in approximately $2,200 a week.
Ocean City, Maryland: This casual beach town is easy to get to for millions of Americans, well priced, and has near perfect weather throughout the entire summer. As with any beach town, the prices for rentals here vary greatly depending on the time of the year, but during the season, you can make as much as $2,500 -$3,000 a week on your property. If you’re looking for a rental gig that slows down a bit during the fall and winter, so you have time to regroup, buying property in OCMD is a perfect idea for you.
Protip: Want to buy property across the country but can’t bear to move across town? You don’t need to live near these places to reap the benefits of them. All you have to do is manage your Airbnb remotely. Want to learn how? Click here to read up on the best ways to do it.
Protip: Once you’ve decided on an ideal place to buy a vacation rental property, your next step should be signing up for Hosty. Hosty is the incredible vacation rental management software that can help you manage your rentals expertly and remotely. Whether you manage one property or 100, Hosty can help you stay organized. See all of your listings in our Multi-calendar and message guests with our easy to use messaging system. And the best part? It’s free to try! Click here to start your risk-free trial and see what Hosty can do.
Now that you know the best places to buy vacation rental property, where will you choose to make your next investment? Wherever you end up, know that Hosty has your back covered. Happy Hosting!