A few of these myths are listed below:
- You must live near the rental property – there are hundreds of rental owners who live far away and still earn money from their vacation home simply because they have hired a reliable caretaker or housekeeper to see things through.
- Renters will damage your property – this rarely happens. Still, if you’re not sure, you can always screen the guests.
- Finding renters is quite difficult – it’s quite simple actually. You can seek assistance from the plethora of vacation rental property websites that offer their services to millions of vacation homeowners each and every year.
- You can’t use the property yourself – you have the right to utilize your own property at any given moment.
Earning some extra cash every now and then isn’t a bad thing and renting out your vacation property can really provide you with some ‘easy money’.
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There are certainly lots of opportunities available for vacation home owners these days with the demand for vacation rentals continuing to grow. I would disagree that it’s an “easy” way to make some extra money. Quite often, renting out your vacation home becomes a second job! I wrote a blog post on the 5 Pillars of Successful Vacation Rental Management outlining how you determine whether your vacation rental business is viable. http://elitedestinationhomes.com/2013/07/the-5-pillars-of-successful-vacation-rental-management/
Thanks for sharing your blog with us!