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5 Ways to Save Money on Vacation Rental Properties
1. Rent directly through property owners: If you book an apartment, condo or house through an owner rather than a property management company or resort, you can sometimes avoid the mark-ups charged by the middleman. 2. Book at the right time: According to NerdWallet, the best time to book an Airbnb in order to score the lowest median price was four weeks in advance. 3. Be flexible with your dates: Rental property rates vary a lot throughout the year, though rates are higher during an area’s peak season. For this reason, being flexible with your travel dates can help you save some cash. 4. Book properties farther away from popular tourist attractions: Proximity typically comes with a price, so look for places that are farther from the tourist hot spots. For example, beach houses that are a few blocks from the ocean typically are several hundred dollars cheaper per week (or even per night) than beachfront properties. 5. Find friends to split the cost with you: With vacation rental properties, you have the option to book an entire home. If you can find another family or friends to travel with you, you might pay less for a big home once you split the cost than if you booked a property just large enough to accommodate your family. Contact me for more information. 702-303-0243 or TPayne@loandepot.com We are a direct lender. EQUAL HOUSING LENDER