|
Site Navigation
|
Home
+ Contact Us
Email Us
or Call Us at:
(405) 385-7038
+ Ebooks
+ Blogs
+ Social Media
+ About Us
+ Extra Pages
|
|
Article Directory
|
+ Authors
+ Articles
|
|
|
|
Purchase Another Vacation Rental? Why Not
Copyright (c) 2009-2010 Jon Ludwig
(See This Article in its Original Format.)
Fellow Vacation Rental Owners:
As a vacation home rental owner and operator of a vacation rentals by owner advertising website, I have been following the situation closely with regards to the recent sharp decline in both real estate prices (commercial and single family homes) and the stock market. Like a lot of investors out there that I have spoken with, I pulled my savings out of the stock market a few months ago (phew...) and have been wondering what to do with my investment capital.
I recently read an article on the RIS Media site. This was an interesting read - their main point was that housing prices in many markets have declined significantly in the last several months, making it a good time to consider investing in real estate. Based on my own experience, this is especially true in real estate markets where one tends to find a lot of vacation rentals. Those markets seem to be driven by speculation as opposed to serious longer term investors.
Based on that, I did some research of my own to verify that was I suspected was true was actually true. I looked at some of the inventory on my vacation rentals advertising website, including the markets I am most familiar with. This included Kissimmee FL, Destin Beach, FL, Lake Tahoe, CA, Breckenridge, CO, and Las Vegas, Nevada. I looked at how many listings we had in each of those markets, and I looked at general real estate data showing foreclosures and overall pricing levels. What I found was that while our number of active listings in each of those markets either stayed about the same or increased in the past several months, those markets were extremely hard hit with the recent decline in overall real estate prices.
Assuming vacation rentals owners are rational, they will not continue to pay to advertise their vacation rentals if there is no demand for their vacation rentals by renters. In my own vacation rentals in Florida and Tennessee, I have seen farily steady demand. I have had to offer some discounts, but that is mostly because everyone that is traveling seems to think that it should be at a greatly reduced price due to the overall economy being where it is.
So, all that said, I have concluded the following:
I am still very nervous about re-investing in the stock market; real estate is looking pretty much like it is at a bottom right now.
The demand from renters for vacation rentals is still pretty strong.
By picking up vacation rentals investment properties for up to 40% less than what they sold for a year ago, my mortgage payment will be lower, which will increase my potential cashflow from the vacation rental.
I am going to look for some really good deals on properties in markets that have been hit pretty hard by sharp price declines due to the speculators getting flushed out of the market.
I am going to get creative on the discounting of my vacation rentals so if I do happen to pick one up in this buyer's market, I'll be sure to keep it as utilized as I can so I can cover my costs.
Best of luck to the rest of the owner community out there,
Jon Ludwig
This article originally published here with links.
Follow "The Phantom Writers" on Twitter
(@phantomwriters)
to be notified when new articles are made available.
VOTE ON THIS ARTICLE
Needs Work >>
0 -
1 -
2 -
3 -
4 -
5
<< Excellent Article
Tell our authors what you think about their article.
|
Top-Level Category: Business Offline Articles || Related Categories: Finance Articles
10 Most Recent Articles Written by Jon Ludwig
Hotels Cost 300% More Per Person Per Day Than Vacation Rentals: I'll Prove It!
Written by: Jon Ludwig |
Distributed: 2010-01-26 |
Word Count: 579 |
Page Views: 504
| Votes: 11 |
Rating: 3.18
The verdict on the true cost of spending your vacation in a hotel
versus staying in a vacation rental is in, and I have the proof.
For a family on a vacation, a vacation rental provides great
accommodations for far less money than a hotel. Read this article
to get the facts.
The Three C's of Vacation Home Marketing
Written by: Jon Ludwig |
Distributed: 2010-01-12 |
Word Count: 825 |
Page Views: 280
| Votes: 11 |
Rating: 3.18
As both vacation rental property owners and vacation rental
advertising website operators, we have often had other vacation
rental owners as well as online and offline publications ask us
what really drives the vacation rentals by owner market. We
answer that question in this article.
Vacations For Veterans: A Charity Worth Our Support
Written by: Jon Ludwig |
Distributed: 2010-01-07 |
Word Count: 252 |
Page Views: 376
| Votes: 7 |
Rating: 2.00
Vacations for Veterans is a nonprofit created to provide recently
wounded veterans free lodging donated by a vacation home owner or
a bed and breakfast proprietor.
All of Author's Articles on this site: Jon Ludwig Articles
Most Recent "Business Offline" Articles
Many Fail To Plan, More Fail To Execute!
Written by: Martin Harshberger |
Distributed: 2010-02-09 |
Word Count: 744 |
Page Views: 31
As the owner, CEO or senior executive of a business, you
share many things in common with the coaches of professional
sports teams. Can you imagine the head coach of a team - say
in the National Football League - going into a game without
a game plan? Of course not! That coach would soon be out of
work. Coaches literally spend hundreds hours preparing for a
60-minute event.
To Improve Collections in Your Dental Practice, Manage Patient Expectations
Written by: Peter Gopal, Ph.D. |
Distributed: 2010-02-09 |
Word Count: 596 |
Page Views: 30
| Votes: 1 |
Rating: 4.00
Many patients come into a dental practice with the notion
that insurance will cover everything. This needs to be set
straight during their first visit. In fact, the word
"insurance" is a misnomer. What the patient has is really
a dental benefit plan, which could cover all or a portion of
their treatment. The coverage is never guaranteed, and there
are dozens of ways in which payment could be denied even for
a preventive exam and cleaning visit...
A Confession From Barack Obama
Written by: Scott Bywater |
Distributed: 2010-02-08 |
Word Count: 292 |
Page Views: 56
| Votes: 1 |
Rating: 5.00
One of the big mistakes many business owners make is coming
across as if they are perfect and have no faults. But
here's the problem with this. Perfection doesn't endear
you to anyone. And everybody knows it's false.
Why I Admire Bob the Builder
Written by: Scott Bywater |
Distributed: 2010-02-05 |
Word Count: 321 |
Page Views: 54
| Votes: 1 |
Rating: 3.00
Today I want to talk about why I admire Bob the Builder.
Until recently, I never thought much about Bob the Builder.
But over the holidays, I spent some time watching different
shows with my 3 year old son.
Marketing Coaching: Understanding the Basics of Page Rank
Written by: Paul Marshall |
Distributed: 2010-02-04 |
Word Count: 868 |
Page Views: 35
| Votes: 1 |
Rating: 1.00
PageRank (PR) is a numerical value Google assigns to a site
as a measure of "authority." A marketing coach will
emphasize that building PR is one of the most affordable SEO
methods. Understanding PR and using it to craft a
link-building campaign is a first step toward higher search
engine results.
A Business Lesson From The Australian Open
Written by: Scott Bywater |
Distributed: 2010-02-03 |
Word Count: 614 |
Page Views: 51
| Votes: 2 |
Rating: 1.50
Unless we move outside our comfort zone on a regular basis,
we end up just going around in circles. We need to learn to
play 'The Red Line' if we are going to achieve our dreams.
And that's what we need to do in business, isn't it? We
have to escape our comfort zone to find real success in life
and in business...
Link Building in Online Marketing: Tougher Than It Sounds
Written by: Paul Marshall |
Distributed: 2010-02-02 |
Word Count: 871 |
Page Views: 54
| Votes: 1 |
Rating: 2.00
You probably don't need to read the latest professional
advice...Without links, your site won't develop authority.
Without authority, it won't move up on the search engines.
But even the most savvy online marketing consultant would
have to admit that doing that is just not as easy as it
sounds.
Educate Your Customers
Written by: Jesse Self |
Distributed: 2010-02-02 |
Word Count: 465 |
Page Views: 50
Take the time to market and sell new products to your old
customers and less time trying to sell old products to new
customers and you will see a drastic change in your sales,
customer quality and branding position.
Evaulating Medical Gas Costs In Your Dental Practice
Written by: Chick Cowan |
Distributed: 2010-02-02 |
Word Count: 583 |
Page Views: 47
| Votes: 1 |
Rating: 5.00
Medical gas is a standard expense item in most dental
practices. What most dental practitioners do not know is
that there are wide variances in pricing depending on the
source - perhaps as much as 30% to 40%. This article will
explain the many factors that may influence the cost of
medical gas purchases, and how you can reduce expenses in
your dental practice.
Maintain Your Dental Practice Profits by Dealing Effectively with Patients Who Chronically Break Appointments
Written by: Peter Gopal, Ph.D. |
Distributed: 2010-02-02 |
Word Count: 503 |
Page Views: 53
| Votes: 1 |
Rating: 4.00
Appointment cancels; broken appointments, and no-shows are a
source of endless frustration in any dental practice.
Although the vast majority of patients keep their
appointments, about 10% of patients cause 80% of that
frustration. Developing a protocol for handling this group
of patients is essential to avoid lost revenue of anywhere
from $150 (minimally) to $700 per day, depending upon the
procedure. Follow the four steps below to slow the daily
losses.
Most Viewed "Business Offline" Articles
How To Write A 300 Page Book In Four Months
Written by: Mark Silver |
Distributed: 2008-07-15 |
Word Count: 821 |
Page Views: 35862
| Votes: 5 |
Rating: 1.40
There's a lot of hoopla about becoming an author of your very
own business book. The promise of fame and fortune is very
alluring. Yet your book remains perpetually 'about to be'
written. Meanwhile your business has ground to a halt. Hmmm...
might there be a better way to get a book written?
The Best Marketing Book I've Ever Read (You'll Be Surprised)
Written by: Judy Murdoch |
Distributed: 2007-05-09 |
Word Count: 1522 |
Page Views: 33040
| Votes: 15 |
Rating: 3.60
From time to time someone asks me to recommend marketing books.
Here's one of my favorite marketing books that always surprises
people. Curious? Read on.
The Bizarre History Of The HOLLYWOOD Sign
Written by: Morris Timlen |
Distributed: 2008-11-05 |
Word Count: 1211 |
Page Views: 24750
| Votes: 17 |
Rating: 3.06
The most famous sign in the history of mankind is the one that
graces the side of the hill above Hollywood, California. As
famous a landmark as the Christ the Redeemer statue in Rio De
Janeiro, the Eiffel Tower in Paris France, the Great Pyramid of
Giza in Egypt, The Church of the Savior on Blood in Saint
Petersburg Russia, and the Statue Of Liberty in New York City,
the Hollywood sign is known around the world as the symbol of the
American movie industry.
What Does It Take To Be A Successful Salesman?
Written by: Casey Moher |
Distributed: 2008-08-05 |
Word Count: 930 |
Page Views: 4256
| Votes: 29 |
Rating: 3.14
In the course of my average workweek, I meet people who tell me
that they have no sales experience, and very literally, many
will tell me that they could not sell if their lives depended on
it. Do you fit into this mold? Do you seriously believe that you
can sell me on the idea that you cannot sell things?
You Can Turn Complaints into Cash!
Written by: Judy Murdoch |
Distributed: 2006-08-08 |
Word Count: 795 |
Page Views: 2844
| Votes: 24 |
Rating: 3.54
Most of us don't like listening to complaints. We can't imagine
the value in listening to someone rant and rage about something
they're dissatisfied with. But here 's a secret: There's gold
in those complaints—-if—-you know what to listen for.
Selecting Between a 401(k) And 403(b) For a Nonprofit
Written by: Daniel Lamaute |
Distributed: 2007-10-11 |
Word Count: 333 |
Page Views: 2575
| Votes: 14 |
Rating: 2.64
Newly released IRS regulations impose several new requirements
and fiduciary responsibilities on employers with 403(b) plans.
While the regulations generally don't take effect until January
1, 2009, there are some provisions that apply sooner.
A Wedding Competition Worthy Of American Idol Status
Written by: Wesley Berry, AAF |
Distributed: 2007-12-11 |
Word Count: 392 |
Page Views: 2499
| Votes: 9 |
Rating: 2.00
Past American Idol contestants Clay Aiken, Taylor Hicks, and
Kelly Clarkson may have stood up to the pressures of the American
Idol competition, but could they handle the stress of the
Designer Wedding Challenge.
The Pros And Cons Of Postcard Marketing-direct marketing offline
Written by: Cheryl Miller |
Distributed: 2006-11-29 |
Word Count: 675 |
Page Views: 2414
| Votes: 5 |
Rating: 2.60
Postcard marketing is one of the oldest methods of marketing. Its
concept is simple but can be quite effective. It is just sending
out your message to your mailing list on a postcard. Postcard
marketing is a powerful and cost effective way to advertise and
will keep building in momentum when done correctly.
Interior Designers Expand Your Advice to the Exterior
Written by: Catherine Wilson |
Distributed: 2006-07-19 |
Word Count: 775 |
Page Views: 2201
| Votes: 10 |
Rating: 2.50
Do you have clients that depend on you for everything? Do they
often want you to advise them in areas that somewhat fall out of
your expertise? Do they ask for direction with parties, holiday
decorating, coordinating weddings or even advice on landscaping?
These are just a few of the ways a good interior designer is
asked to stretch beyond the norm by clients who love their tastes
and respect them.
Getting The Best Work From Your Graphic Designer
Written by: Erin Ferree |
Distributed: 2006-11-02 |
Word Count: 717 |
Page Views: 2170
| Votes: 5 |
Rating: 3.60
A graphic designer's goal is to provide you with the logos,
artwork, and page designs that best fit your business,
personality, industry, and target market and that convey your
offerings and differentiators. The experience of reaching that
goal can be extremely smooth and pleasant if you know what to
expect up front, and if you understand that you do need to work
with your designer rather than just letting them loose to
create.
Highest Ranked "Business Offline" Articles
Why Businesses Need Receivable Factoring In Cash Flow Management
Written by: Toby Seibert |
Distributed: 2007-08-08 |
Word Count: 866 |
Page Views: 844
| Votes: 5 |
Rating: 4.60
In today's business environment, many businesses need to
fine-tune the process of getting paid on invoices, in order to
improve their cash on hand. Improving cash flow can be an ongoing
challenge for businesses of all sizes, and it is an issue that
must be addressed to ensure the long-term viability of the
business.
Whose Restaurant Can You Find Online?
Written by: Rudy Vener |
Distributed: 2007-07-09 |
Word Count: 640 |
Page Views: 672
| Votes: 5 |
Rating: 4.40
What is so significant about Pizza Hut's latest TV commercial?
Equal Opportunity Pizza Ordering
Written by: Rudy Vener |
Distributed: 2007-10-19 |
Word Count: 629 |
Page Views: 621
| Votes: 5 |
Rating: 4.40
With online ordering, your menu and restaurant suddenly become
accessible to both the deaf and blind customers in your
community.
Business School for Non-Business Minds: Got a NAICS Number?
Written by: Melissa Mashtonio |
Distributed: 2008-04-15 |
Word Count: 423 |
Page Views: 455
| Votes: 5 |
Rating: 4.40
I’m a journalist. I spent a lot of my career in the news
business. As my career has progressed, I’ve spent time at small
and large companies, and I have sat through dozens of business
meetings wondering what the heck the “money” people are talking
about. They used acronyms as if they were a foreign language.
FDA's New Process Validation Guidance Recommends Team Approach
Written by: Norm Howe |
Distributed: 2009-01-21 |
Word Count: 665 |
Page Views: 537
| Votes: 5 |
Rating: 4.40
The November 2008 FDA draft guidance for process validation says
"We recommend an integrated team approach to process validation
that includes expertise from a variety of disciplines..." But
when different people from different backgrounds work together,
disagreements can stall your team. How do you get your project
back on track?
The Problem With Swiping Sales Copy
Written by: Scott Bywater |
Distributed: 2009-12-03 |
Word Count: 480 |
Page Views: 134
| Votes: 5 |
Rating: 4.40
This is what people miss when they try to simply "swipe"
sales copy from another advertisement.
The Secret To Making Successful Business Connections
Written by: Kate Smalley |
Distributed: 2006-10-11 |
Word Count: 672 |
Page Views: 673
| Votes: 6 |
Rating: 4.00
If you have a hard time making successful business connections,
don't despair. Anyone can be good at meeting people-if they use
the right technique. The whole secret to making a positive
connection is knowing how to attract people and inspire them to
want to give you a chance.
How to Build a Really Great Business? (Super Success Secrets from a Legendary Business Master)
Written by: Chet Holmes |
Distributed: 2007-01-15 |
Word Count: 1523 |
Page Views: 749
| Votes: 7 |
Rating: 4.00
Times are tough. The economy is in a constant state of upheaval.
Is your company doing better than most? Are you placing greater
emphasis on pure performance?
How to Charge More and Get It!
Written by: Kendall SummerHawk |
Distributed: 2006-08-01 |
Word Count: 290 |
Page Views: 645
| Votes: 8 |
Rating: 3.88
Why do businesses undercharge for their service? Fear. Fear of
being rejected and fear of being disapproved of certainly. But
the real fear is of not being good enough. Here are some tips to
help you decide what the right price is for your products or
service.
Online Copywriting Makes Content as the King
Written by: Steven Gerber |
Distributed: 2006-12-11 |
Word Count: 560 |
Page Views: 768
| Votes: 7 |
Rating: 3.86
The inverted pyramid is basically the placing of 4 W's in the
primary sentences of the articles, supported by the other W and H
on the following discussions. Four W's consist of what, when,
where, and who. The other W which stands for why on the other
hand, follows on the succeeding paragraphs, including the
elaboration for the H which also stands for how, if necessary.
|
|
|
Article Statistics
|
Find This Article Title In The Search Engines:
Widow Search
Right Blinker
Google
Yahoo!
Zuula
Bing
Cuil
Last Distribution Date:
2010-01-19 12:45:00
Word Count: 560
Total Views: 323
Views This Month: 11
Views Last Month: 64
Article Rating: 2.57 of 5
Votes Cast: 7
Author Overall Stats:
Times Viewed Overall: 1479
Author Overall Rating: 2.83 of 5
Votes Cast Overall: 36
More Articles By This Author:
Articles On This Website
|
|
|
Article Reprint Rights
|

This work is licensed under a
Creative Commons License
You are not required to show the creative commons license notice when you reprint this work.
|
|