Have you considered the purchase of a second home on the Mississippi Gulf Coast? Did you know that you can potentially put your vacation-second home on the short-term rental market and supplement your income? The property must first be located in an area where short-term rentals are permitted. We can help you find a property that is a perfect vacation home and also located where you can legally rent it.
On occasion, a property that has been a short-term rental comes to the market fully furnished. We watch for those properties and inform clients who have expressed an interest in that type of property. The short-term rental business on the Mississippi Gulf Coast draws guests from around the country. Many factors go into creating the most successful short-term rentals and we can help you with those details.
We recommend that you consider the purchase of a second home or vacation home as the primary reason why you are buying the property. Few properties can fully support the cost of a mortgage, taxes, insurance, and operating costs without the owner’s supplemental contribution. It’s important that should you believe that it’s time to buy that second/vacation home, you determine that you can afford to support the costs.
Some short-term rentals can provide significant income during peak times of the year which helps with defraying maintenance and other costs. You will need a property manager when you are away, we strongly suggest that you not try to manage the property remotely. Some cities even require a manager to be local when renting a vacation home on the short-term market.
Logan-Anderson Gulf Coastal Realtors is affiliated with Gulf Coast Property Management the owner of Christies Gulf Beach Rentals their short-term rental business. Christie’s can manage your property to comply with all local permit requirements. In addition to using the big websites e.g. ABB, their site permits flexibility for additional income.
Don’t forget to read articles on this site about residential rental investment property.
Consider visiting the KEYLADDER site, KEYLADDER specializes in Residential Rental Investment education programs. Their courses can help you master the art of owning Vacation (Short-term) Rental investment Property. In addition to their education courses, there are many great blog articles about investing.
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