Should I buy a 3 bedroom, 2 bedroom or 1 bedroom vacation rental property?

Summary:

If you have a 2 or 3 bedroom rental property, you can always lower your rate to snag a last-minute, 1 bedroom renter, if you want to.

However, the converse isn’t true…

You can’t take a 1 bedroom property, raise your rate, and rent it as a 2 or 3 bedroom property.

So, if your cost is nearly the same to maintain a 1 bed property as a 3 bed property, why would you want to own only a 1 bed and limit yourself to a subset of potential guests?

Chuck Eglinton
www.Mickeytown.com ºoº Rent a large luxury home near Disney World for less than a hotel room!
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