In my never ending quest to find a million dollar idea, I'm now kicking around the idea of buying a vacation rental property. The initial investment is a lot more than I was initially thinking, but the rates these kinds of places charge during peak vacation time is astronomical.
The problem is that the property would be ~5 hours away, so I couldn't exactly run over after work some night to fix a leaky faucet.
Anyone rent out property, especially in another state/area? Care to share your experience?
The problem is that the property would be ~5 hours away, so I couldn't exactly run over after work some night to fix a leaky faucet.
Anyone rent out property, especially in another state/area? Care to share your experience?