11 Quick Tips for First-Time Vacation Rental Investing
Michael Nolen Realtor® Blog
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2y ago
Let’s face it, there’s a lot of worries that come with big financial commitments – And vacation rental real estate investing definitely comes with its fair share of commitments. Finding the ideal property may start off easy, but as your research continues, you’ll find being prepared for the long haul is your best commitment to evaluate. In this blog, you’ll learn best practices to kick-start your research, so you start building a successful plan for vacation rental investing ..read more
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24 Questions Before Hiring a Vacation Rental Management Company
Michael Nolen Realtor® Blog
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2y ago
If you’re thinking of turning your vacation home into a vacation rental property, you’re probably looking into someone to manage it for you. Do you have a rental strategy? How will you accomplish it? Self-management can have its own set of challenges, and a management plan may be something you need ..read more
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11 Quick Tips for First-Time Vacation Rental Investing
Michael Nolen Realtor® Blog
by
2y ago
Let’s face it, there’s a lot of worries that come with big financial commitments – And vacation rental real estate investing definitely comes with its fair share of commitments. Finding the ideal property may start off easy, but as your research continues, you’ll find being prepared for the long haul is your best commitment to evaluate. In this blog, you’ll learn best practices to kick-start your research, so you start building a successful plan for vacation rental investing ..read more
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What is a Condo? Explained in 97 Words
Michael Nolen Realtor® Blog
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2y ago
A condominium, or “condo” for short, is an individual unit privately owned within a building of other units. Condo buildings and townhouses can be owned in the form of a condo. Private ownership is from the exterior walls in and a percentage of the common areas. Here’s a few common area examples ..read more
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Why Multi-Family Investing is Ideal for Ocean City MD Vacation Rentals
Michael Nolen Realtor® Blog
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2y ago
Investing in multi-family real estate in Ocean City, MD has many valuable benefits; from control of your cost of ownership, to owning multiple units for less than many individual condos for sale. In this article, I’ll share why multi-family real estate investing is an ideal vacation rental alternative compared to owning separate properties in Ocean City, MD ..read more
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What is a Multi-Family Home? Simply Explained for Beginners
Michael Nolen Realtor® Blog
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2y ago
A multi-family home is a property, also known as real property, with a single structure that contains more than one residence (or dwelling). In this post, I'll simply explain the basic differences between residential and commercial multi family real estate ..read more
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How COVID-19 Shifted Vacation Rental Investments in Ocean City, MD?
Michael Nolen Realtor® Blog
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2y ago
Vacation rentals in Ocean City MD saw a surge in rental income, but the market shifted creating opportunities for investors who offer quality properties. The rental market had many questionable turns in 2020 – and many for the better. After the March 2020 shutdown, bookings flat-lined, there was panic over the summer rental season, and experienced rental managers evaluated data predicting the future of the vacation rental business. In this article, I’ll share how COVID shifted vacation rentals thus creating real estate investing opportunities.  ..read more
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Winterize Vs. Off-Season Renting Your Ocean City, MD Vacation Home: What’s Better?
Michael Nolen Realtor® Blog
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2y ago
No matter if you’re buying a vacation home in Ocean City, MD for vacation rental investment or a second home, your off-season plans are important to consider. From using your vacation home personally, winterizing it, or earning extra rental income, you shouldn’t ignore your off-season possibilities ..read more
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9 Best Practices for Investing in Vacation Rentals in Ocean City, MD
Michael Nolen Realtor® Blog
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2y ago
If you’re seriously considering buying a vacation rental in Ocean City, MD or a second home with some additional income, you want to keep your research sharp. Creating the right research and buying plan will give you your biggest advantage to become a successful vacation rental investor or casual income earner. In this blog, I’ll share 9 best practices you need to consider when buying Ocean City, MD vacation rental properties ..read more
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Virginia Beach Vs. Ocean City MD Real Estate: What's a Better Investment?
Michael Nolen Realtor® Blog
by
2y ago
Recently, I read an interesting blog post that compared the difference between summer vacations in Ocean City, MD versus Virginia Beach, VA. There were valuable points! However, it inspired me to dig a little deeper... If you’re buying a vacation rental in Ocean City, MD or Virginia Beach, VA, you'll want to make sure you capture the right vacation experience, so you can maximize vacation rental income ..read more
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