Discover the Luxurious Miami Homes of Soccer Superstars
Miami has always been a magnet for sports stars, with its stunning beaches, glamorous lifestyle, and top-notch sports teams. Basketball, American football, and baseball players have long enjoyed the city’s offerings. But now, the arrival of David Beckham’s Inter Miami CF is shaking things up. International soccer players are flocking to Miami to experience the […]
Why Luxury Miami Condos Make Better Vacation Rentals Than Homes
When it comes to vacationing in Miami Beach, luxury condos offer exceptional benefits over traditional homes. With beautiful beaches, clear water, and countless entertainment options, Miami has something for everyone. But have you ever wondered why luxury condos are a better choice for your vacation rental? Let’s explore how luxury condo rentals can significantly enhance […]
Direct Booking Vs. Airbnb for Your Vacation Rental
Guests enjoy significant advantages by booking a vacation rental directly on a landlord’s site. Thinking about planning your next vacation rental on Airbnb, Vrbo, Booking.com or Expedia? Think again! Although these online travel agents (OTAs) consume much of the STR market, they may not be your best bet if you want a personalized STR experience. A direct […]
The Best Property Management Companies In Miami Beach
As a global tourist destination, Miami Beach is a great place to invest in real estate. Beautiful architecture, vibrant culture, world-class cuisine, and top sports teams have made it a haven for vacationers, business people, and families. Competition amongst property management firms is tough. However, one firm routinely ranks at the top of most short-term […]
5 Ways To Get Your Vacation Property Rented
It’s almost impossible to talk about real estate investing without discussing vacation rental properties. Everyone with a second home or a rental has toyed with the idea of turning it into a vacation rental. The upsides are hard to ignore: Higher rental income than with a conventional yearly rental Not being tied to the hip […]
5 Strategies To Make Your Vacation Rental Attractive To Property Managers
Remember the movie, Jerry McGuire? It was filled with memorable catchphrases: “Show me the money” and “You had me at hello,” are two. There was a third, too, which is good to bear in mind when presenting your vacation rental to potential property managers — “Help me, help you.” As an owner, your job is […]
Luxury Hotel In Miami Beach That Won’t Break The Bank
If you put the words “Luxury Hotel” together with “Miami Beach,” your first thoughts will likely consist of dollar signs. In the glamorous world of sun, sand, pristine beaches, and Michelin-starred restaurants, a high-end hotel will probably cost you a small fortune. That’s generally true unless you book a vacation rental with Mak Realty. Self-Catering […]
Is The Vacation Rental Business Profitable?
With the cost of living increasing due to inflation, more and more people are looking to rent their second homes or even primary residences as short-term rentals. Excited by the high-income vacation homes can generate, vacation homes have brought their owners ever-increasing profits in recent years. Explosive Growth of Short-Term Rentals The most recent report […]
What’s A Good Profit Margin For Vacation Rentals?
Vacation rental owners should look to make no less than a 10% return on their investment. That means your income minus expenses (net operating costs including any mortgage payment) should be no less than 10% of your initial investment per year. This is expressed at the Capitalization (or Cap) Rate. So, for example, if your […]
8 Mistakes To Avoid When Renting A Vacation Home
When going on a vacation, most tourists have two choices. Either stay in an established resort/hotel or a vacation rental. The latter is not usually owned by a corporate hospitality company but by a private individual who has repurposed their home to generate revenue. Both of these options have advantages and disadvantages, and sometimes these […]
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