Living in Your Dream Home While Making Money

Posted on April 14, 2013 by Maria Rekrut

Live in Your Dream Home While Making Money

Wanting to get into the Real Estate business requires finances, what if I told you that you could live in your dream home and make money from home with Real Estate?

You may want to consider opening a vacation property rental business. A vacation property rental business is a good opportunity for you to break into the real estate market, live in your dream home and make some money while getting a feel for the industry.

The aspiring innkeeper is faced with a daunting task. Most people have a myriad of questions and concerns. How big should my vacation rental be? What can we afford? Should you be investing in a vacation rental that has been in business for a number of years, or should you start from scratch?

For more complex tasks such as assessing a vacation rental you are considering buying or crafting a business plan for that will help you secure a loan.

A Vacation Renal is a business that provides short-term accommodations in a private home or other comparable location, and traditionally Accommodations can vary from one establishment to the next, as each building has its own unique characteristics.

Locations that might provide Vacation Rental accommodations can range from historic buildings and cottages, condos, to houseboats and private homes. The amenities offered by different Vacation Rentals can also vary. In some cases, you may have private rooms with private bathrooms, or several private rooms with shared bathrooms.

Vacation rentals generally emphasize a high level of personalized customer service and will often be connected to local tourist attractions.

There are various categories of vacation rentals such as a Bed and Breakfast, cottage rental, condo and vacation rental homes. Each of these categories require different way of carrying on the business.

I will be continuing this blog with more information regarding the various vacation rentals and their diverse needs. The key to running a successful vacation rental business is to find one that suits your lifestyle.

What I mean by that, is if you have a lot of time, like to cook and clean and want to get to know your customer one on one, then running a Bed and Breakfast could be your vacation rental choice.

If you have less time and don’t want to cook or spend a lot of time with your guests then a cottage, condo, houseboat, or vacation rental is the way to go.

I will be going into detail in my upcoming blogs regarding becoming a Successful Real Estate Vacation Rental Investor.

Happy Investing

Maria Rekrut

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Cruising Around The World – Your Next Vacation Rental Investment?

Posted on April 13, 2013 by Maria Rekrut

Cruising Around The World – Your Next Vacation Rental Investment?

Posted by Maria Rekrut | March 26, 2013 |

Real estate investing. I can see in the not so far distant future, that you’ll be able to live and cruise year round. I predict that you’ll be able to buy “Time Shares” on Cruise ships. Baby Boomers who want a carefree life style and travel the world, not having to worry about their safety or worry where their next meal or sleeping arrangement, will be the target market.

Cruises come in all shapes and sizes, giving you tons of variety. One of the best features of a cruise is the flexibility it offers. You can literally go to a travel agent and name your port, or at least a general area from which you want to leave. In the United States alone, cruises leave from Alaska, Florida, California, and a number of other states. Caribbean cruises are popular, of course, but you can also find cruises in Europe, Africa and other countries throughout the world.

A cruise is super easy to plan, beyond budgeting. While some may find this a bit limiting, most enjoy the stress-free idea of not having to plan a vacation – they do the planning for you! You will find that most cruises include meals and entertainment, but on some, you have to pay for drinks and shore excursions.

Instead of having to put together an itinerary yourself, you just “cruise” along, literally. The company running the cruise determines the entertainment, you don’t have to leave your cruise ship to enjoy a variety of activities, as well as set the course, taking you to various ports of interest.

Location is not the only thing that is flexible. With a cruise, you can also be flexible about the amount of time you want to spend on vacation. Some cruises are very long, lasting 10 to 14 days or longer ranging with a month to 3 months.

On the other hand, most cruise lines offer shorter 3-day cruises for those with lower budgets or those who do not want to spend their entire vacation on a ship. You can also find short day cruises, so if you are going on vacation near a coast, you might want to look into an evening cruise, daylong sightseeing cruise, or other short tourist option.

So is this the way of the future? Retirement couldn’t be more attractive than being on a Cruise Ship. Investing in “vacation rental” properties like bed & breakfasts, time shares, short term housing and perhaps in the near future, cruise ship time shares are great alternatives to add to your real estate portfolio.

Happy Investing

Maria Rekrut

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