Buying a Vacation Rental Home on Oahu Hawaii - Part 6
Self-Managing (aka Renting By Owner)
According to an article written by a community editor at "Community from HomeAway" an online organization that deals with optimizing your vacation rental business, the following points were made:
Today, hundreds of thousands of vacation homeowners choose to rent without the use of a property manager. For many, there are 3 main reasons they choose to rent by owner instead of using a property management company.
- Income. You can make more money by saving the management company commissions and handling the rentals yourself.
- Complete control of who rents your property. By talking to each renter yourself, you can better screen who you will allow to stay in your second home, whereas property management companies might not be as particular.
- Availability of vacation rental websites. Websites like HomeAway.com, VRBO.com and VacationRentals.com have made it extremely simple and cost effective to rent your vacation home without a middleman.
To be Continued...........
Mahalo For Reading.