The Loft Blog Team is doing a series of investment newsletters. Our first topic is vacation rental cabins. Be sure to share what you think in the comments. This type of investment shows great returns. Some cabins rent out for up to $1,500 per day or more, and are within 1-2 hours of driving distance from L.A. or closer.
Rental property of any kind are often some of the best investment, but investing in a cabin rental has a particular appeal. As of 2019, 82% of the North American population lived in cities. The urban population is enormous and continues to rapidly grow every year. The growing popularity of nature retreats makes a cabin rental investment an enticing endeavor.
The biggest perk of owning a vacation cabin is simple: You make money. Dozens of other vacation rental sites exist, opening the door to even more earnings if you play your cards right. Having a vacation rental means you get to vacation there, too. Use the property for your friend’s bachelor party, host a girls’ weekend, take your kids for a summer vacation, or host the annual family reunion. Quick tip, just like you want to buy your home where you want to live, make sure you buy your vacation rental cabin where you want to visit more than once.
According to a recent analysis conducted by the short-term rental analytics website AirdDNA, Tennessee’s Gatlinburg and Sevierville are two of the best places to invest in vacation rentals in 2021. These two mountainside towns rank in the top five most dependable large market areas in the US, resisting the challenges of the 2020 pandemic and still attracting millions of visitors.
A vacation cabin can be a great way to build long-term wealth and ensure you have healthy finances upon retirement. Sell it and use the cash to cover your future costs of living, travel, healthcare, and more. Or keep it and enjoy the relaxing retirement you’ve always imagined. Either way, you win. Thinking about these options owning gives you down the road won’t make it feel like you are narrowing your investment options.
In our own local market, you can find investment vacation cabins at Big Bear Lake. Big Bear Lake draws vacationers from five densely populated areas – Los Angeles, Orange County, San Diego, Palm Springs, and Las Vegas. Proximity to these highly populated areas creates a steady flow of vacationers. You don’t have to be a millionaire to invest in a vacation rental home. Based on your current financial situation, you can invest in vacation rental properties ranging from tiny cabins to luxury lakefront estates.
Vacation rental properties can be a good way to earn a consistent income and build long-term wealth. But they also come with a number of expenses and drawbacks. Before you invest in a vacation rental, study up on local rental regulations, research the audience and market you’re buying in, and make sure you have the time and resources to make your investment a success. Remember the sage advice of the Motley Fools, invest in things you understand. #rentalcabininvestment #entarispowerful
Neighborhoods are passing new restrictive rules, so it is imperative that investors and owners are informed about how to adhere to new policies, laws, ordinances and city codes. Get a free report, along with a list of short-term rental cabins for sale. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.
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