Real estate investments are a tricky business. While they might eventually reap profits, it often takes years for their value to appreciate and for the owner to receive a significant return-on-investment. In the meantime, some owners have created a cash flow by renting out space in their properties to qualified tenants and collecting rent. Whether its commercial or residential real estate, savvy landlords can turn insane profits if they can successful manage their rental property and address tenants’ needs.
Every year, when the summer rolls around, many people wonder whether or not they should look into possibly owning or leasing a vacation home. However, a large part of the process is determining the perfect location. In our area, there are so many interesting, scenic towns to choose from. Luckily, we’ve compiled a list of neighborhoods where you’ll be sure to find the best Long Island vacation homes.
The vacation rental property market has transformed. You can no longer throw up any old listing and still get swamped with responses. Due to increased popularity in vacation rentals and subsequent industry growth, the number of competitors has also risen sharply. With so many new options and a wider pool of prospects, it is imperative that your listing stands out in a crowd where there are so many similar alternatives. Follow these few tips and you’ll be reeling in offers in no time!