span In her podcast, Intro to
class="cap">S o Vacation Rentals, Karpinski gives
you’ve made up your mind to the example of Chicago. “People
get into the vacation rental know about the lakes as a
business. Where should you buy a vacation spot,” she says. “But
property? don’t realize that there are
Christine Karpinski, author of vacation homes for rent in the
the books How to Rent Vacation more remote locations Illinois
Properties by Owner and Profit and Indiana.”
from Your Vacation Home Dream, Often owners of second homes
suggests that “anywhere in the in remote locations don’t think
US” is a good place to buy. This that anyone would want to rent
is because within almost every their home. To that Karpinski
major metropolitan city, there is replies, “Well you bought it and
a vacation spot within a two hour enjoy it, so why wouldn’t someone
drive.
else? It’s a refuge from the
Karpinski says, “If you live city, so don’t automatically
in Atlanta you can go to the assume that somebody’s not going
North Georgia Mountains, you can to want to rent it.”
go to Tennessee, maybe even The one thing that you
Florida. If you live in New York definitely need to check into
City, you can go to Cape Cod, the before buying a vacation rental
Poconos, or Upstate New York. If home is whether or not there are
you live in LA, you can go to Big short-term or vacation rental
Bear, maybe even Palm Desert.” So bans effective in the area.
pretty much, if you buy property So the gist is: Choose a
in a vacation area that’s within vacation property in a location
two hours of a big city, you’ll that you enjoy and there will
probably be making a sound likely be a pool of renters
investment.
who’ll enjoy it as
well.
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