23310 J Street in Ocean Park, WA 98640
From the spacious & charming interior to the peaceful, enjoyable outdoor living space, this delightful 4 bedroom 3 bath home has much to offer a homeowner and/or investor.
Investing in vacation rental property is an excellent strategy for making money in real estate.
Price Reduced to $475,000!
What is a Vacation Rental?
Vacation home rentals are a type of real estate investment that falls under the category of short term rental properties. Vacation rentals are, therefore, an alternative to hotels that are rented out for a period of less than 30 days.
Low Risk Investment
Investing in vacation rental exposes you to lower risk than other types of real estate investment. This vacation home is in a popular tourist destination, so you can attract lots of guests, reach high occupancy rates, and charge a top nightly rate. This property has a proven history as a vacation rental. The combined effect is high income performance.
Good Investment for Beginners
There are many benefits to buying a vacation rental property, especially for beginning real estate investors:
- Dual Use: You can use the property to spend your own vacations while renting it out the rest of the year.
- Rental Income: The rental money you collect helps you pay the mortgage and other investment property related expenses. Thanks to the internet, including sites like Airbnb, VRBO and other vacation rental websites, the trend towards staying in vacation home rentals has increased and many tourists are choosing private rental properties over hotels, opening up new opportunities for real estate investors.
- Room to make mistakes while you learn: Owning a vacation home rental is a great opportunity to learn about real estate investing. Because of the high tenant turnover, you can easily become an expert on property management issues and remedy them with the next booking.
- Management can be easily hired: Managing a rental is a major concern for many inexperienced real estate investors. Not everyone has the time to manage a rental property, preparing it for new guests several times per month. You can always opt for vacation rental management services that will take over these time-consuming duties.
- Real Estate Appreciates: If you decide to sell the investment property, you’ll soon find that vacation rental homes are always in demand, which means their values are always increasing.
Why Invest on the Long Beach Peninsula?
The area is a generations-established vacation destination. It doesn’t take much time on the Peninsula to see why.
