Why Start a Vacation Rental business?
- Keep your dream home in the family
- Afford to buy that cottage you’ve always wanted
- It’s like a B&B, only your guests make their own breakfast
- Pays better than long term tenants
- You control when to block your own holiday time
- Guests leave before you have a chance to realize they’d make poor tenants
- Pay down a mortgage faster
- Afford renovations
- In some cases, make a decent income, that is tied to inflation
- Retire from your day job much sooner
![Man and woman vacation rental owners](https://i0.wp.com/mybnbmarketplace.com/wp-content/uploads/2021/12/VR-Owners.png?resize=300%2C125&ssl=1)
So how much are property owners earning?
According to HomeAway aka VRBO in their 2014 vacation rental report, more than half (54%) of property owners cover at least 3/4 of their mortgage by renting their home to travellers. On average, HomeAway vacation rental owners are generating an average annual income of $27,260.
Some owners simply want to cover a few basic costs and may rent out one room a week here and there, where others, roughly 19%, expect to cover all of their expenses as well as profit. If you want to learn more, simply click on their REPORT .