Hope you enjoyed this update! To start searching for your Vacation Rental Beach House visit my website dedicated to North Carolina Beach + Coastal Homes here: www.surfhomesnc.com/ For more videos exploring Oak Island and Coastal North Carolina Real Estate, Lifestyle check out this playlist here on my channel! czcams.com/play/PL17WWlG9CN3KQB0E--3qMr1hpF2sY9qcM.html The software I mentioned in the video to help with short term rental management is GUESTY. Heres the link: www.guesty.com/
Glad you like enjoyed it! I think one of the main things that prevents people from being able to enjoy the benefits of something like vacation rental investing is that it can seem overwhelming… breaking it down simplifies everything so that action can be taken and results achieved! Breaking things down to manageable pieces is the way to go for sure🤙
@@JK-fm8zf great question! It depends a lot on the property and location but occupancy rates on the island usually run between 50-70% occupancy. Premium properties such as oceanfront would lean towards the higher range but I’ve also seen wooded section properties achieve those ranges as well. It really depends on pricing, marketing, minimum stay requirement etc. and the individual property. Those numbers also assume that it is available for rent year round including off season. Naturally the highest rents and occupancy occur from Labor Day through Memorial Day with peaks during the summer months so you definitely want to “make hay” during that time. A quick way I evaluate properties is to look at the peak 12 weeks (June, July, August) of rental to see if that income covers at least a majority of the annual costs.
@SurfHomesNC-BrianInskip Thanks, looking at " investing" . We are in Michigan, so we would want to be there Jan through March. Not summer. Love the Carolina's. Most familiar with Myrtle Beach. But, trying to find "affordable" oceanfront towns in Carolina's where we can get a good return yet use it ourselves. Really appreciate your videos. I'm subscribed
@@JK-fm8zf I love your plan! Good news is Jan-March is definitely the slower rent months so that shouldn’t hurt your rental revenue too much! It will certainly be warmer here than Michigan during that time as well (I’m originally from Illinois). Feel free to give me a call anytime if you’d like to discuss some options… I cover all of the beaches and coastline in Southeastern NC. You can reach me at 910-622-4576 if you’d like to chat sometime or email Brian@SurfHomesNC.com Thanks for watching and subscribing!
Glad you enjoyed it! The beach definitely offers unique opportunities for investment and also potential perks for personal use as well! Shoot me an email or give me a call anytime if I can help you explore your options here at the beach! Brian@SurfHomesNC.com | 910-622-4576
Hope you enjoyed this update! To start searching for your Vacation Rental Beach House visit my website dedicated to North Carolina Beach + Coastal Homes here: www.surfhomesnc.com/
For more videos exploring Oak Island and Coastal North Carolina Real Estate, Lifestyle check out this playlist here on my channel!
czcams.com/play/PL17WWlG9CN3KQB0E--3qMr1hpF2sY9qcM.html
The software I mentioned in the video to help with short term rental management is GUESTY. Heres the link: www.guesty.com/
Brian, I really enjoy your content! I love the way you break the Real Estate info down for people.
Appreciate your comments! Comments like this drive us to keep going and keep getting better! Thanks for tuning in!
I love the way you break everything down and show the numbers at the end! Those examples really helped me understand how all of this works!!
Glad you like enjoyed it! I think one of the main things that prevents people from being able to enjoy the benefits of something like vacation rental investing is that it can seem overwhelming… breaking it down simplifies everything so that action can be taken and results achieved! Breaking things down to manageable pieces is the way to go for sure🤙
Appreciate you breaking it down. With your examples how many weeks are you figuring they're rented our, as most aren't rented out 100%
@@JK-fm8zf great question! It depends a lot on the property and location but occupancy rates on the island usually run between 50-70% occupancy. Premium properties such as oceanfront would lean towards the higher range but I’ve also seen wooded section properties achieve those ranges as well. It really depends on pricing, marketing, minimum stay requirement etc. and the individual property. Those numbers also assume that it is available for rent year round including off season. Naturally the highest rents and occupancy occur from Labor Day through Memorial Day with peaks during the summer months so you definitely want to “make hay” during that time. A quick way I evaluate properties is to look at the peak 12 weeks (June, July, August) of rental to see if that income covers at least a majority of the annual costs.
@SurfHomesNC-BrianInskip Thanks, looking at " investing" . We are in Michigan, so we would want to be there Jan through March. Not summer. Love the Carolina's. Most familiar with Myrtle Beach. But, trying to find "affordable" oceanfront towns in Carolina's where we can get a good return yet use it ourselves. Really appreciate your videos. I'm subscribed
@@JK-fm8zf I love your plan! Good news is Jan-March is definitely the slower rent months so that shouldn’t hurt your rental revenue too much! It will certainly be warmer here than Michigan during that time as well (I’m originally from Illinois). Feel free to give me a call anytime if you’d like to discuss some options… I cover all of the beaches and coastline in Southeastern NC. You can reach me at 910-622-4576 if you’d like to chat sometime or email Brian@SurfHomesNC.com
Thanks for watching and subscribing!
This was so good and informative! We’ve been looking at investment opportunities at the beach in NC and this was great. Thanks so much!
Glad you enjoyed it! The beach definitely offers unique opportunities for investment and also potential perks for personal use as well! Shoot me an email or give me a call anytime if I can help you explore your options here at the beach! Brian@SurfHomesNC.com | 910-622-4576