Thinking about renting out your property on a site like Airbnb or VRBO? Short term rentals in Vermont are a hot commodity! Below are some pros and cons to consider if you are thinking of purchasing this type of investment property.
+ Flexibility. Rent it out when you want to. Enjoy it yourself when you don’t.
+ High rental income; often even more than if you were to rent it monthly. Consider: One week vacation = $2000. One month rent? Also $2000.
+ Numerous tax breaks and deductions
- Inconsistent income (depending on location), especially in the offseason
- As the owner, you are responsible for all utility bills, housekeeping, and general maintenance
- More people passing through your doors = Greater risk of damage to your property
Vermont Short Term rentals are hot right now! Whether you want to buy an investment property or are curious about your own property, the area’s rental rates and the best way to get started connect with me for an insider’s perspective,