Thinking about investing?

Have you ever entertained the idea of an investment property?

Now may be the perfect time for you to contemplate investing in a short-term rental property!

Weekly/nightly/vacation rental properties are growing in popularity and offer amazing advantages for owners. One of the many advantages is flexibility in ownership. As the property owner you will have the freedom to choose exactly when your property will be ready and available for guests. Because of this, if you personally prefer to use your property more often, you’ll have the option to rent to guests on a short-term basis as opposed to long-term.

As a short-term rental property owner, you may even have an easier time charging higher rates, especially around holidays and peak travel times. Ownership also offers a huge tax advantage for short-term rentals in terms of reporting rental incomes and deducting property related costs (i.e. advertising or operating costs).

Did you know that rates of short term rentals (weekly/nightly) can be much higher than those of traditional rental properties? In some cases, you may actually be able to generate up to 20% of your mortgage in just one night. For example, every year here in Southern Utah we host the Huntsman World Senior Games. Over 10,000 athletes converge on Southern Utah for the games. With family members in tow, this easily adds another 10,000 vacationers to the head count of visitors. As hotels fill, athletes and their families begin to consider short-term rentals as an alternative option. Weekly/nightly rates skyrocket during these heavy traffic times and can pick up the slack for slower rental periods throughout the year.

“I do it for the love of the house that I saved from being demolished. This house sat on a lot next door to the house my father was born in in 1914. We have such a cool neighborhood and I want people from out of town to have that experience. I don’t want someone in there for a whole year who won’t respect it or take care of it the way I do.”

Short term rentals are steadily gaining momentum here in Southern Utah with new prime locations going up around the area.

For example, The Ledges of St. George offers breathtaking views, a premier golf course,  incredible amenities, and beautiful, quality properties. A property like this at The Ledges can be easily promoted to large corporations that have offices in the area or vacationers here to enjoy the beauty and majesty of Southern Utah.

Promoted as “a home away from home featuring a full kitchen, pool & spa, prime golf opportunities, and much more”, your property will be in high demand!

Benefits of vacation rental ownership are endless! If you are thinking about venturing into the land of short-term rentals, please give us a call! We are here to answer any questions and to help you take this EXCITING step!

Check out our Pinterest (Team SURGE @ KW) board specifically for investment properties!