The Best Destinations for Owning a Vacation Rental
Posted on November 3, 2015
Are you considering purchasing Gulf Coast real estate as an investment property? You’re in luck. Tripadvisor just released their list of destinations with top earning potential and three Gulf Coast beaches made the short list!
Vacation rentals are an ideal investment and are more and more in demand, especially in beach communities like those here in Northwest Florida and Coastal Alabama. Tripadvisor compiled statics based on the 720,000 vacation homes available globally and narrowed down those destinations with top numbers.
If you will be shopping along the Gulf Coast, consider choosing Gulf Shores or Orange Beach, Alabama. A four bedroom rental in Orange Beach averages a weekly rate of over $2,000 and there is currently a supply and demand gap for vacation rentals in the area. According to Tripadvisor, there is 14 times the demand for Orange Beach. Gulf Shores currently has a gap of 29 times the demand versus supply and a four bedroom vacation rental in that area also averages over $2,000.
If you’re interested in a Gulf Coast investment property, we’re here to help. Contact us today so we can begin the search for your perfect vacation rental on the beach! Thinking about investing in Destin, another top earning destination along our beaches? Contact out friends at RE/MAX Southern.
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