Best place to buy a beach lake or island vacation rental home or condo

Summary: How to research the best place to buy a beach lake or island vacation rental home or condo

We’re thinking of buying a condo or home on a beach near Lake or on an island. Any idea if they run well? Q. have any suggestions as to a good area where we should begin our search?

Chuck’s Answer: If it were me, I’d research the listings for your target city at the top sites (VRBO.com, Homeaway.com, etc.) Then I’d pick up the phone and call a few owners and be straight with them: “I’m considering buying a condo in your area to rent. Can you give me any advice?”

Naturally, some vacation rental owners won’t talk with you , but some will. And of the owners who talk with you, you’ll have to filter what they say because they may or may not be telling the whole truth. Still, at the end of your exercise, you’ll know much, much more than before you started.

The rental markets in different parts of Florida are considerably different (Keys, Panhandle, East Coast, Gulf Coast, Disney Area). For example, peak rental seasons in the Disney area are Summertime and school holidays when kids are out of school. But in most other parts of Florida, peak seasons are in the winter when travelers are trying to escape the cold.

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