Should I invest in a Short Term Vacation Rental in Western North Carolina?
Real Estate has nearly always been a moderately stable investment. Commercial leasing and long term home or apartment leasing has created wealth in cash flow and appreciation for many individuals over the years. With the advent of providers such as AirBNB and VRBO, investors can potentially tap into CAP Rates (percentage rate of return) in the 10’s and 20’s, numbers that are relatively unheard of in the rental market.
So, what’s it all about?
-An AirBNB in Asheville, NC
Most of our clients here at Haven Homes (Realtors & Property Management) end up purchasing a second or a vacation home in the Western North Carolina mountains to escape the miserable heat of Florida summers, or the teeth-chattering cold of New York winters. Asheville & the surrounding area are known for its temperate weather. A dusting of snow here, a hot day at the beach there!
They end up using their property a few times a year and enjoying it, but as savvy investors, figure out that they can monetize their homes unused time by AirBNB’ing it.
How does it all work? It’s easy! As licensed North Carolina Realtors, we specialize in homes that would either make a great investment as a vacation home + short term vacation rental… AND we also offer property management services which means YOU get to be totally hands off. Call us up, let us know what times of the year to block off where you’d like to use the home… and that’s it! Leave the rest up to us, and sit back and collect your earnings.
