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 […]
Should I Sell My House or Rent It Out?
There are pros and cons to selling your primary residence or renting it out. Should you take a lump sum of cash or hold on for monthly cash flow? We’ll break down the advantages and disadvantages of both scenarios. Reasons to Sell Your Home You Need To Make a Down Payment on Your Next Home […]
How We Help Homeowners Earn More Money
Many short-term rental management companies in a global destination like Miami offer landlords great returns on their investments. However, the sheer number of available short-term rentals and hotels means that there is also intense competition. To stand out from the masses means doing more than simply listing a condo/home/hotel room online and expecting the magic […]
How to Manage Your Vacation Rental and Keep Your Guests Happy
When you enter the vacation rental business, the first distinction is to understand that you are in the hospitality business and not just the rental business. This means you are responsible for the minutiae of your guest’s stay, from when they book online to when they leave. A vacation rental has more responsibilities than a […]
Top Reasons To Vacation In Miami
Most people think a Miami vacation consists of going to the beach, eating at top restaurants, and partying at nightclubs. It’s true, that Miami offers all those things in abundance, but it also offers way more. Elevate your Miami vacation with discounted suites from MAK Realty at the world-famous luxury hotel, The Fontainebleau in Miami’s […]
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