A vacation rental is a property that you can use to earn income by renting it out to guests for short-term stays. As an investor, this can be a great way to make some extra money on the side. Not only will you be able to charge guests more than a traditional hotel would, but you’ll also have the opportunity to make some great connections with people from all over the world. Plus, you’ll get to enjoy your very own slice of paradise whenever you’re not using it!
The key to owning a successful vacation rental property is the location. In this article we will dive into some of the top beach towns to invest in your next vacation property.
Daytona Beach, Florida
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Daytona Beach is a dream destination for all kinds of vacationers. Whether adrenaline lovers flock to the Daytona International Speedway or nature enthusiasts explore local hiking, biking and eco tours; every visitor marvels at 23 miles worth (or shoreline) with fabulous restaurants& shops located along this beautiful coast line!
The media home price in Daytona Beach stills around $250,000.
Galveston is a year-round beach destination with kid friendly spots, quiet beaches for birdwatchers and those who want to escape the crowds. Those looking more lively can enjoy East Beach which has an exciting atmosphere perfect if you’re feeling adventurous! There’s also plenty of things do on this island such as go sightseeing at Moody Gardens or take part in some water related activities at Schlitterbahn Waterpark, then cooling off by taking one ride aboard historic Pleasure Pier where they offer thrill rides right off shore.
The median home price in Galveston, Texas sits around $340,000.
Port St. Joe, Florida
You’ll find a perfect place to relax and enjoy the incredible views in this little-known coastal community. The town is brimming with charm, seafood shacks that are just steps away from rocking chairs on front porches or decking out under sought after sunsets while enjoying an outdoor meal of fresh caught local fish! You can also take your pick from kayaking through mangroves or shelling during beach days free time – there’s so much beauty here waiting for you.
The median home price for Port St. Joe, Florida sits around $375,000.
Gulf Shores, Alabama
Gulf Shores is a pristine island in Alabama, where you can find an abundance of family activities including amusement parks and golf courses. The town has picturesque live oaks that give it this magical feel as well! A really cool thing about going to Gulf shores is being able explore over 32 miles worth (or beachfront) White Sand Beaches without ever having any traffic worries or high rise apartments blocking your view.
The median home price in Gulf Shores, Alabama sits around $400,000.
Hatteras Island, North Carolina
Hatteras Island is a magical place where you can have peace, simplicity and beauty all in one. With its lighthouses as well as other outdoor adventures like fishing or boating this island makes for an excellent getaway from the city hustle-bustle!
The median home price in Hatteras Island, North Carolina sits around $500,000.
When it comes to investing in a vacation rental, there are a lot of things to consider. Especially, the location. But at the end of the day, it can be a great way to make some extra money, while having the opportunity to spend some of your own time enjoying a paradise that you built!Show me today's rates (Sep 27th, 2023)