Do Vacation Homes Make a Profit?

For many vacation property landlords, daily upkeep and cost can be stressful: maintenance costs can eat up 70% of revenue, and huge mortgage payments on prime properties can take the rest.  So is it worth it for vacation home owners to get into the business?  According to a recent article by Zillow, the costs outweigh the benefits by a lot, especially in today’s down vacation market.  Owning and maintaining even one property is very expensive and time consuming, from scheduling guests to advertising your property to being ready in emergencies.  And for year-round vacation rentals, landlords need to be doing these things constantly– even when the economy is sputtering and vacationers are canceling.  So while many believe that owning a vacation property allows for a more laid back, independent lifestyle, know this: it isn’t a vacation.

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