The Best Destinations for Owning a Vacation Rental

Are you considering purchasing Gulf Coast real estate as an investment property? You’re in luck. Tripadvisor just released their list of destinations with top earning potential and three Gulf Coast beaches made the short list!

Vacation rentals are an ideal investment and are more and more in demand, especially in beach communities like those here in Northwest Florida and Coastal Alabama. Tripadvisor compiled statics based on the 720,000 vacation homes available globally and narrowed down those destinations with top numbers.

If you will be shopping along the Gulf Coast, consider choosing Gulf Shores or Orange Beach, Alabama. A four bedroom rental in Orange Beach averages a weekly rate of over $2,000 and there is currently a supply and demand gap for vacation rentals in the area. According to Tripadvisor, there is 14 times the demand for Orange Beach. Gulf Shores currently has a gap of 29 times the demand versus supply and a four bedroom vacation rental in that area also averages over $2,000.

If you’re interested in a Gulf Coast investment property, we’re here to help. Contact us today so we can begin the search for your perfect vacation rental on the beach! Thinking about investing in Destin, another top earning destination along our beaches? Contact us today at 850.492.1148.

Buying an Income Property: What You Need to Know

Are you thinking about buying real estate in Pensacola? Well, if an income property is what you had in mind, congratulations! We can help you find a place and a property manager to help take care of your investment. There’s really only one catch. Buying an investment property is a big decision, and while it can be a great move financially, there are risks involved that you should be aware of.

For starters, we want you to know that investing in real estate is not (and should not be thought of as) a “get-rich scheme.” The only certainty in the market is uncertainty, so it is important to be realistic about the potential return on your investment. You should also be aware of what can and cannot be rented according to local zoning regulations. And, that maintenance workers – once you buy a property – will save your life.

Even though it sounds gloomy, the reward can be worth the risk. Especially if you have a knowledgeable agent by your side and a trust-worthy Pensacola property management company to help you handle the day-to-day. Contact an agent today find out if buying an income property is the right decision for you!