Many people have spare rooms, mother-in-law suites and family homes around the state and country that can serve as a vessel for extra income. Especially when considering rental property with companies such as Airbnb and Vrbo. So what are the best cities to invest in a vacation rental?
I like to travel and often stay in vacation rentals. This photo is of an adorable little apartment I found in Miami close to the design district. I needed to be in that area for an event and for some reason, was having trouble finding a hotel. This was nearby, had a cute little kitchen, comfortable beds and a nice big bathroom.
Staying in homes and apartments gives travelers an entire different experience. Sometimes owners greet you and offer all kinds of travel tips for the area including places to eat.
What are the best cities to invest in a vacation rental, as an owner? It’s a good question to ask since a vacation rental property could potentially earn tens of thousands of dollars a year. It’s a nice little side hustle.
Doing some ground work, LawnStarter ranked 2022’s Best Cities to Own a Vacation Rental. The ranking begins by looking at nearly 200 of the biggest cities in the U.S. Then the site compares a list of things ranging from revenue potential and average expenses. In addition entertainment options for guests, public safety, and climate are factored in.
Several Florida cities made the list, with one capturing the top spot. Here are the best cities to invest in a vacation rental. Some might surprise you.