Should I rent out my vacation property? Due to a recent survey from the National Association of Realtors, over 85% of vacation property owners plan to rent their property to travellers. There is a lot of things to consider when presented the option to rent out your home, but the benefits can be huge! As you contemplate on how to proceed, here are some great reasons to rent out your second home:
- EARN PASSIVE RENTAL INCOME
Real Estate is a cornerstone to a balanced investment portfolio. Enjoy a second source of income to give the ability to enjoy that overdue vacation, buy that new car or pay off some lingering debt.
- CONTINUE TO ENJOY YOUR VACATION HOME WHENEVER YOU WANT
Renting out your home to guest’s is a great way to earn extra income but you still can use it when you want. Keep your house for family birthdays or special events simply by blocking off the dates.
- TRAVEL TO NEW PLACES WITHOUT FEELING GUILTY
Owners of vacation homes often feel obligated to spend every minute of free time at their second home. Avoid this guilt by renting out your property and using the rental income to explore new destinations.
- BUILD A REAL ESTATE EMPIRE WITH VACATION RENTALS
Niagara Smart Stays works with several homeowners who have been successful enough to purchase additional vacation properties. Vacation properties offer a higher return on investment then traditional rental properties.
- IT’S SAFER THAN LEAVING YOUR HOME VACANT
A vacant property is attractive to thieves and vandals. Break-ins are a common problem for vacation homes that sit empty so keeping your home occupied with renters is great way to deter burglars.
Niagara Smart Stays is reinventing vacation rental management by offering homeowners better performance, lower fees and unrivaled flexibility. Our marketing and reservation systems allow us to leverage several hundred leading websites to outperform traditional property managers with a positive financial impact. Our network of on-the-ground partners are available to handle everything from housekeeping to maintenance. The real estate results are unprecedented and it exceeds the expectations of even the best performing portfolios.