Buying a rental vacation property is a big decision that requires a considerable amount of research and time. You will need to run your vacation property like a business so as achieve the maximize return on your investment as possible. With so much competition and new vacation property listing websites emerging every day, how do you make your rental property stand out from the rest? At Minnestay, we know a thing or two about managing vacation rentals. Here are a few actions we recommend you take to ensure that your vacation rental is receiving maximum visibility in your target market. [...]

Investing in vacation rental property can be a lucrative source of passive income for years to come. How much money you can make from your vacation property rental depends on a multitude of factors, such as the location of your property and on how much money you have invested in it. According to Airbnb, an average property owner makes about $11,000 a year. However, HomeAway statistics are higher, and it claims that their average property owner earns about $33,000 a year in rental income. While renting out your property requires a robust comprehensive strategy, the effort is often worth [...]

Investing in rental properties has become increasingly popular in the last two decades or so. In fact, vacation property investment has become a billion-dollar industry, and the future of this market looks just as promising. Vacationers are looking for easy and affordable ways to fit trips into their budgets and schedules and many vacation property owners are banking in on this desires to see increased rentals. All over the country vacation property owners are making significant profits renting out their vacation homes, and the Twin Cities and surrounding Minnesota areas are no exception. OWNING A VACATION PROPERTY AND CREATING A [...]

Renting out your vacation property is a financial decision that makes a whole lot of sense, and one that can earn you a nice chunk of additional income. In some instances, the rent amount may not cover the mortgage payments but regardless, the tax benefits and income generated from a rental property is almost always worthwhile. Furthermore, this is often a better option than selling a home. You could be using an idle piece of property to generate some extra income. With this in mind, we will take a look at why you need to consider renting out your vacation [...]

Renting out your vacation property is a financial decision that makes a whole lot of sense, and one that can earn you a nice chunk of additional income. In some instances, the rent amount may not cover the mortgage payments but regardless, the tax benefits and income generated from a rental property is almost always worthwhile. Furthermore, this is often a better option than selling a home. You could be using an idle piece of property to generate some extra income. With this in mind, we will take a look at why you need to consider renting out your vacation [...]