Are you thinking about getting into the short-term rental business? A recent article in the Wall Street Journal discussed the ins & outs of purchasing a vacation home that can also serve as cash-generating short-term rental. The article suggests that the time might be right with rising rents and low borrowing costs.
“Vacation homeowners make an average of $28,000 a year in rental income, according to results of a quarterly survey released in March of 1,253 owners who list on HomeAway.com, VRBO.com and VacationRentals.com.”
Click here to read “How to Finance a Vacation Home That’s Also a Short-Term Rental,” Wsj.com (free)
